BUILDING A HOME ON A BUDGET? HOW TO ACCURATELY LOOK AT NEW HOME CONSTRUCTION COSTS

New home construction costs don’t need to break the bank. In fact, you can budget for your dream home more easily than you think. Here are a few ways to get an accurate budget picture.

Evaluate your existing assets.
Whether you have savings, a down payment from the sale of a house, or a relocation allowance from your employer, there are plenty of assets available to help with new home construction costs. Your builder can recommend a mortgage lender who harnesses these assets to find an attractive financing option. A lender can balance your down payment amount, monthly income, and forecasted spending patterns to provide a lending term and interest rate that meets and exceeds your expectations. Financing is easier than you might think when it comes to new home construction costs.

Work with an experienced builder.
Your builder should offer options in layouts, communities, and upgrades in your price range. Experienced builders always have a range of choices, even within the same neighborhood, to suit a variety of budgets. The homebuilder should be upfront on pricing so you are never surprised with extra hidden fees. The right builder will take responsibility for delivering the complete home package at the price you agreed upon. Let the building team manage a multitude of contractors and the timeline at no additional cost to you.

Think long-term.
You want to move into your dream home; one you will be comfortable in for years to come. Renovations can cost more than building it right the first time, so whether your family is growing or downsizing, it makes sense to anticipate your current and future needs. There’s a home ready to support both. Best of all, the home is affordable today with a little budgeting foresight.

Contact Echelon Homes today to see how you can afford new home construction costs. Your dream home is a reality within your budget.

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Article by: Jennifer Elkow