4 Tips to Help You Figure Out the Cost of Building a New House

If you are going to build a new home, you may be wondering how much it would cost you. This is a difficult question to answer as there are a lot of factors to take into account when figuring out the construction cost. Therefore, let’s take a look at 4 tips that can help you estimate the cost.

1. Determine Your Floor Plans

First of all, you should put together a floor plan. Some builders offer a lot of floor plans for their clients. Based on these plans, you can determine the quality, features, style and size you desire. This will help you lay out the base of the project.

Your next move is to look for the right builder. Make sure you work with an experienced builder. This is important for proper budget, timeline and execution of the build. With their assistance, you can calculate the cost to build a house.

2. Figure out the Costs Per Square Foot

It may not be realistic to figure out the exact construction cost, but you can get a ballpark idea. For this, you should get the total figure and then divide it by the number of square feet. Let’s take an example. Suppose your home measures 2,000 square feet, and the total cost of construction is $350,000. Now, you need to divide this amount by 2,000 to get a figure of $175.

3. Consider the features, Style, and Quality

The total cost of construction won’t depend upon the size only. You also need to consider the features, quality and style when making your calculations.

Style

Style determines the architecture of the building. If the available space is a square or rectangle, the construction cost will be less.

Quality

Quality depends upon the materials used for the construction. This may include a lot of choices, such as windows, doors, appliances, built-ins, cabinetry, shingles, insulation, paint and flooring, to name a few.

Features

Features include design factors like staircases, roof pitches, and vaulted ceilings. These additions are important and can have a great impact on the price tag of your new house.

4. Additional Construction Costs

While figuring out the cost, don’t forget to consider the primary expenses. Often, these are overlooked by many people. Given below are some of the most common ones.

Site Preparation

Site preparation involves clearing many trees and removing large rocks, for instance.

Permit Fees

Local restrictions, zoning laws and building costs should be obtained as well. Based on the area, know that these permits can cost a lot of money.

Time of Year

Time of year can also has an impact on the construction cost. When the cost of labor is high due to economic growth of low unemployment, the construction costs are higher. Therefore, you should consider this point when making your calculations.

Long story short, if you want to have an estimate of the total cost of your new house, we suggest that you follow these 4 tips. Hope this helps.

Tips to Cut Expenses During New Home Construction

Every second earning person carries this dream of building a house in the future. For this, they start saving since very early in their life. However, sometimes, the saved money is not enough to build a dream space. At this place, they severely need an idea to cut costs during a new construction.

Cost cutting will enable the person to have an affordably built house and bear the expenses of one of the new home builders.

Let us see how to enable cost cutting in new home construction.

  1. Prepare an early budget:

When you start planning the budget early, you have the time to include and seclude certain necessary and unnecessary things. You can add the important things like plumbing, HVAC installation, electrical work, and furniture work, and leave the unimportant things like the interior etc. for later.

  1. Research the market and prepare the estimate:

Before you actually go to a new home builder, make sure you have researched the market for the price of materials, tools, etc. This way a builder will not be able to cheat you. Also, this way, you will be able to follow the point number 1.

  1. Keep the design of house simple:

When you go for complex design, the price of overall projects starts increasing. Therefore, to cut the cost, keep simple design and stick to the rectangular platform. Also, avoid complicated roof-line and keep the ceiling simple.

  1. Choose energy efficient lighting:

To invest less in energy, choose energy-efficient solutions. The list may include the appliances, HVAC system, solar lights, LEDs, etc. Also, make sure you choose star-rated products only.

  1. Choose quality material, but at an affordable price:

Building materials are touching sky height and therefore, research for the materials and contact a good dealer. A good dealer will provide all the materials at affordable prices and thus, it will cut the overall cost of the budget.

  1. Used materials which are recycled:

To cut the major cost of the project, you can use the recycled materials that are not only pocket-friendly but earth-friendly. The recycled products are cement composites, recycled steel, sawdust and a lot more. You can also use recycled plumbing fixtures, fireplace fixture, window lumber, etc. Although in new home construction, you would love to add first-hand items, yet what a big deal if you save and still get the best.

  1. Start small and build tall:

In the starting, start small and build rooms which are most needed. There is no need to include guest rooms, etc. A small project will cut impeccable cost and enable you to have your dream house. Also, rather than expanding the area of the house, expand the height. The tall building will have smaller roof and foundation, thus cutting the cost of the budget.

So, these were some of the tips with which you can save the overall cost of your new home project. Also, for more ideas, consult the best home advisor.

Tips for Selling Your Home By Owner

You can be successful at selling your home without a real estate agent if you do your research and put in a little work, you’ll be selling your home in no time, without pricey real estate agent fees.

Prepare your Home For Sale

Any potential buyer will be hiring a home inspector to find problems with the house before closing. Prevent buyers from unexpected delays, backing out the sale, or negotiating for a lower price by hiring your own inspector at the beginning of the process. Knowing what to expect going in will give you a chance to fix problems now, offer full disclosure to buyers, and strengthen your negotiating position.

Pricing Research

Pricing your home too high will make it difficult to sell, while pricing too low means less money in your pocket. Compare your home to others already on the market and with recent sales in your neighborhood. Take into account special features your home has. You may want to consider getting your home professionally appraised ahead of time to remove uncertainty and give you a stronger negotiating position.

Don’t Leave A Mess

Keep your home clean and organized when preparing to show it to buyers. If you’ve accumulated a lot of clutter over the years, now’s the time to clear it out. Having less furniture and clutter will make your home look larger, which is a big plus to potential buyers.

Market Your Home On The Internet

The National Association of Realtors reports that 93% of buyers begin the house hunting process on the internet. There are many different real estate listing sites available online. Doing a simple search of “for sale by owner” is a good way to find the websites online where you can list the details of your home. Popular online classified sites such as Craigslist are updated minute by minute with new listings. Getting on all these sites will get your house ‘found’ by buyers looking on the internet. Take a good amount of high quality photos that show off your home’s best features and list as many details as possible. Buyers are much more likely to consider a home with precise descriptions and plentiful pictures.

Hire a Real Estate Attorney

Real estate contract law is complex and should be handled by a professional to ensure everything is legal and binding. You want to make sure all the paperwork is in order and that your closing goes smoothly.

Don’t Get Impatient or Give Up

I can hear you now. “But I want to sell my house fast.” The fact is, selling a home by owner can take a little longer, but the good news is, you’ll be able to save some money. You may however, need to lower your asking price, make changes to your marketing strategy or make some repairs. If your home has significant damage or needs to be sold quickly, try a we buy houses company. This may mean that you don’t get as much as you had hoped for your home, but will get your house sold faster.

Some Tips to Sell House for the Best Price

People sell houses for many reasons including job transfer, change in family size, financial needs etc. The ways to sell house are also plenty. Some people use traditional methods like going through a real estate agent. Still others advertise in newspapers and television. These days, most people do not have the time to go behind all such portals. Internet has become an ideal platform for such people to sell their houses. Whatever the method they choose the main aim of any seller would be to get the best price on their deal.

Some tips to sell house effectively are listed here.

• The first and the foremost thing you should do is to de clutter your home. Remove all the unwanted things from your house. If you cannot throw them, store them away in containers. Alternatively, just take the help of your friends. Ask them to store your things for a few days. When buyers come to see your house, they want to see a neat house.

• Try to fix problems like leakages, broken windowpanes, door hinges etc.

• Try to find out the value of your property. Unless, you know how much your house is worth, you cannot get a best price on it. You can do this with the help of several databases online. Most people will be able to sell house at a higher price than that is shown in the directory.

• Market your home. Try to list your home in various websites. There are many such sites which offer free services to sell house. Get some good photos of your house and display them online.

• Do not forget to add a virtual tour of your home. Many customers like to view each aspect of the house they are going to buy.

• Make sure to give exact information about your house. Specify the number of rooms, bathrooms etc. Also try to give additional information about your locality. For example, distance from prominent places like schools, hospitals, markets etc., as most people prefer to stay closer to such facilities.

• Try to have an open house if possible to sell house quickly and at a good price.

• Choose a good real estate agent. These agents can help you to get the best price on your house.

How to Sell a House: Tips From Real Estate Agents

With the country’s declining real estate market, a home seller can easily sell a house if they lower the price. But for others who can’t afford to lower their asking price, it is best to find other ways to make their home more attractive.

Real estate agents are familiar with the trends in the industry. They are also very knowledgeable about selling homes and choosing the right homes. For this reason, we have come up with a list of house selling tips from successful real estate agents.

Make The House Stand Out From The Competition

It is very important for the property to attract potential buyers. Home sellers should consider custom designs or adding a few design touches, such as improving the landscape, or updating the roof and windows. These simple touches can have significant impact in improving the home’s aesthetics. It is important to avoid over-improving the house. For instance, renovating the bathroom and kitchen may not always pay.

Clean The Clutter

Before listing the property in the market, it is crucial to first clean the clutter from the home. Clutter will turn off potential buyers because they cannot picture themselves living in the house. As a tip, consider removing a few unnecessary furniture pieces to make the space look bigger. You should also keep family pictures and other personal items into storage so that potential buyers can imagine themselves staying in the house.

Staging the house is very important. You may want to hire a professional for the job. This may cost additional expense but it will be worth it. Real estate agents believe that a professional stager can make the home more attractive and salable.

The Price Is Right

No matter how you stage your house or how much space you renovated, it is very important to price the property appropriately. An agent can help you determine the right price for your property. You can also hire a property appraiser for the job. It doesn’t matter whether you are offering the lowest price in the neighborhood, especially if your home is very appealing and if you have made significant improvements to your home. It is important, however, that the listing price will not be so far-fetched with the other comparable homes in the market.

Selling a house in a slow real estate market will require patience and perseverance. Make sure that the house is in good condition and hire a credible agent to help you sell the house faster. Following these tips will help increase your chances of getting a good deal for your property.