Five cost-saving tips for building your dream home.
Building the house of your dreams can come with a hefty price tag. Here are a few ways to avoid overspending:
Find a good architect. Shop around. Ask questions. Don’t settle until you have an architect who shares your vision.
Bid out your costs. Home blogger Jeff Rose notes that he saved $40,000 by bidding out his home-building project.
Know who’s doing the work. Builders may subcontract some of the work on your home. Check references on any specialists to ensure their skills before signing a contract.
Make a ‘non-negotiable’ list. Dreaming of raw stone walls or a wood-fire oven? Deem a particular luxury “non-negotiable” so you and your builder can cut other costs.
Go green. ENERGY STAR® appliances offer substantial cost savings and environmentally friendly building materials or tactics may qualify for tax credits.
When you are ready to make your dream home a reality, talk to your Northwest mortgage banker.
- Northwest’s mortgage and construction loan professionals are among the best in the region.
- Northwest offers free mortgage prequalification, giving you crucial cost certainty as you plan your project.
- At Northwest, we offer a draw schedule that works for you and your contractor.
- Our one-time closing process allows you to lock into a single rate that covers both the construction term and end financing – and you will be pleased to know that our closing costs are among the lowest offered anywhere.
Let’s build your dream house. Stop by your nearest Northwest office or visit our mortgage page to get started today.