Building a home is probably one of the biggest investments you’ll ever make, so you’ll want to know where to put your money to get the most value for your investment. Here are eight areas to consider:
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One of the reasons I like Open Book is the complete transparency contractors share with their clients. If you are contemplating an Open Book (also known as Cost Plus) agreement, these are types of costs you should see in the budget.
Building a custom home is a bit like buying a new car, right? Not exactly. If you asked a car dealer how much he charges per pound, you’d get some very strange looks. Of course, there is some correlation between the cost of the car and its weight, but not significant enough to prompt that question. We all know car dealers don’t sell by the pound.
That depends on market and current material prices
This question gets asked a great deal and the answer is driven by the market and current material prices. Generally speaking, building up tends to be less expensive than a basement. That said, not too long ago, lumber was at an all-time high and basements were the better option. Check with your builder and they can advise you on the pros, cons, and cost of each.
