“Can I Save Money if I Build My Own Home?”
Recently we were asked by a home buyer, “Can I save money by building my own home?” It’s a good question and one that may come up again as books and television make building a home look much easier than it is. These venues also suggest that building on your own is a cost-effective solution when it is usually quite the opposite.
For those who tackle home improvement, there is a vast difference between projects like building a fence, deck, even replacing a roof, over building a house from the planning stage up. The depth of the project is very extensive and not something most DIYers are not prepared for. In the long run, you probably won’t save any money.
Let’s break down the top reasons why you should hire a home builder rather than going it alone:
- There are dozens of permits to obtain, inspections to schedule and hundreds of building codes to follow. Without knowledge of these, you could risk your project being shut down or spend thousands fixing something an experienced builder would have caught.
- A home builder generally has more buying power than a single homeowner. His subcontractors are usually hired at a lower cost since he uses their services continually.
- Builders are passionate about producing a quality home. They spend lots of time and energy in the field as well as learning the latest techniques in the industry through building conferences, industry materials and more. More than likely, you are an expert in a field not related to home building, which makes hiring a builder money well spent.
- Your builder will generally spend several hours a day managing your new home build. If you were to do this yourself, it would mean many hours away from work when you could be making money. If you were to put a dollar amount on the lost time and lost money, it would significantly raise your price per square foot.
- If your builder leaves you stranded, you can take legal action against to have the project completed or to be financially compensated. If you are building your own home and you aren’t able to complete it, or you miss a construction error that you weren’t familiar with, you have to live with the outcome.
- It takes years to amass a team of qualified subcontractors and vendors. When building a home from the ground up imagine how one bad apple (subcontractor) can not only delay your project but put the safety and integrity of your home at risk.
- Experienced builders have streamlined their processes to ensure their new construction homes are built within a timely fashion and for the best value. Download our Step By Step – The Road to your Dream Home infographic.
- A builder’s experience can help with creating a value-engineered plan while offering cost-saving solutions. The information learned from other homebuyers helps builders give ideas you may not have thought of.
- A construction loan generally funds new construction homes. The longer the project takes the more interest you have to pay, which could add up to thousands of dollars. The faster the house is built, the quicker it can be switched to a conventional mortgage to avoid further interest accrued from the construction loan.
Acadian Homes strives to build a top-quality home at a fair price while treating all with integrity and honesty throughout the entire process. This means doing things right from start to finish, even when no one is watching. We work towards building long-lasting relationships by delivering beautiful homes built to withstand the test of time. Browse our Photo Gallery or stop by our model home to see some of our projects and the attention to detail in each home.
If you are ready to take on the challenge of building a home on your own, we know how important home is and certainly hope everything turns out as planned. If you would like to talk to us more about the building process, please feel free to contact us.Tags: Acadian Homes, Build Acadian Homes, Custom Home Builder, Gulfport Homebuilder, Homebuilder, Mississippi Home Builder, Mississippi Homes, Ms Gulf Coast Homebuilder, new home builder, New Home Sales
This post was written by Acadian Homes