So, you’ve decided to build your own home. You’ve mapped out what you want, your timeline, and your budget. It sounds like you’re on the right track, but many homeowners are surprised by the unexpected home building costs that pop up (and that they didn’t budget for!). Today, we’ll discuss some of the most overlooked costs that frustrate homeowners. These can really add up, so consider each of them before finalizing your budget!
Unexpected Home Building Costs
Hooking up utilities: This is one of the biggest costs that many building their own home overlook—for those who buy a home, it isn’t a concern! Depending on your home’s location, it can cost thousands of dollars to hook up water and electricity to your home. Call your utility companies to request a quote before you break ground on your home. That way, you won’t be surprised—or worse, over budget—when your home is near finished and you’re ready to hook up your utilities.
Landscaping: Many homeowners who choose to build will focus so much on the home itself that they forget about their lawn. Make sure you’re taking landscaping costs into consideration before you spend everything in your budget.
Underground surprises: Your lot may look perfect, but natural formations underground—a water source, shale, boulders, or others—can catch homeowners off guard with the money it takes to remove, fix, or work around them. The best way to avoid this is to ask an excavation contractor to survey the lot and explain what the area is like below the surface.
The extras: In this case, it’s easy to sweat the small stuff. Even once your home is fully built, it’s incomplete without light fixtures, gutters, a mailbox, and all those other easily overlooked necessities. These are the items that can really add up, so sit down and think through what finishing touches your home will need, and you’ll be able to budget better.
What do you think? Had you thought of these before, or were you surprised? If these costs have you feeling overwhelmed, we have two tips for you:
- The simpler the design is for you home, the less expensive it will be. If you hadn’t accounted for these costs before and are now over budget (or close to it), you might want to take a second look at your plans and see where you can simplify. You can’t enjoy your dream home if it doesn’t have electricity or a mailbox!
- Work with an experienced contractor and communicate everything. If you tell your contractor exactly what you want, they will be able to tell you accurate costs and help you budget.
Are you looking to build a home? It’s a large project that sometimes becomes frustrating! If you want some guidance on avoiding these unexpected home building costs, consider calling the Bailey Company. We’ve provided high-quality, trustworthy work to the southwest Missouri area for over four decades, and we love remodeling. Feel free to contact us with this or any building or maintenance project, and we’ll work with you to achieve your results. You can reach us at 417-887-6177 or click here to request a free quote.
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