S1 E11: Building Your Construction Budget
NOTE: Due to dramatic changes in the building industry in 2021, we archived season one and recorded updated episodes with current information. Please enjoy this updated episode from Season 3, recorded on May 10, 2021
One of the most important elements of the custom home building process is your construction budget. We'll break down how building a new home construction budget works, how it will dictate your home design, and how setting a construction budget varies from builder to builder.
We'll discuss:
- The importance of disclosing your true budget to your builder.
- How different home builders approach budgeting & pricing
- How to avoid unexpected overages
- How change orders are handled - and how changes may impact your home construction budget.
- How to compare pricing when talking with multiple builders
- Easy tweaks that can be made to a design to make it more affordable to build.
- Does the builder discount get passed onto the client for materials or do clients get charged a mark-up?
- How a competitive building approach impacts the quality and pricing of your new home
