You will spend a substantial part of your life savings while building your home. Here are some tips to help you cut down on unnecessary expenditures.
Consider the future needs of your family while designing the house eg. like an extra room for your toddler son when he grows up. Be warned that once your home is built, any additions to it will prove to be very expensive.
Remember, it’s cheaper to build vertically rather than horizontally i.e. it’s more economical to add another floor to your home rather than building three rooms at the ground level.
Buy materials as per requirement and not in bulk, as this will help reduce wastage.
Source your building materials locally. Not only does it give you better control over the supply but also saves you a bundle in transportation costs.
Take daily stock of the building material at the site to keep a better track of material usage and costs.