Will Home Builders Negotiate on Price?
There’s certainly more than a few important aspects to consider when choosing the perfect builder to work with! But, one of the main questions on everyone’s mind during this consideration stage is, “Will home builders negotiate on price?”
Whilst most custom builders probably won’t budge too much on price – what they can do is come up with cost saving options for you.
Yes, there are ways to save money on your new build!
Let’s take a look at some of the ways that you can reduce your costs when building a brand new home.
CHOOSE YOUR BLOCK CAREFULLY
For cost savings – the flatter the block, the better!
Why? Because when building on flat block, you will eliminate costly excavation expenses.
Choosing a nice level block rather than a sloped one will reduce initial (costly) excavation requirements such as excessive soil removal.
With a flat block rather than a sloped one, you will also reduce the possibility of unforeseen complications such as hitting and having to excavate into rock – which is again, extremely costly.
A flat block is also easier to build on in general, which will reduce the costs associated with building the foundations of your new home.
BE CLEVER WITH SIZE AND SPACE
If you’re on a budget, don’t get carried away and fill every square inch of your block of land!
Pull back a bit, and consider how much space you and your family actually need in your new home.
Look at your floorplan, and put some thought into every room. Ask yourself questions like “Will I actually use this room?” and “Does this room really need to be this big?”
By reducing the size of your home, eliminating wasted space and only building a house the size you need and can afford (not just the size you think you want it) you could save thousands of dollars.
BE SELECTIVE ABOUT THE FINER DETAILS
Make sure to keep on top of the finer details of your build, because this is where the extra costs can start to add up quickly if you aren’t careful in your selections.
Here are some examples of simple ways to reduce costs when it comes down to the details:
LESS TILING IN WET AREAS
If you had planned to have floor to ceiling tiling in your bathrooms and/or laundry – reconsider!
Instead – only tiling to waist height, or tiling one wall only, or simply tiling the floors and skirts only, will save you a lot of money.
LESS EXPENSIVE JOINERY FINISHES
The good news here is that with so many different (and beautiful) finishes available these days, you can save costs on your joinery finishes without cheapening the look of your space.
When it comes to your kitchen and laundry joinery, be aware that melamine finished panels are cheaper than polyurethane finished – and quite often look just as good!
For your bench top – if stone, marble or hardwood are a little out of your budget, consider a Polytec melamine finish.
Opting for Polytec melamine as a cheaper alternative doesn’t mean that you have to compromise on looks!
That means you can get the look you’re after without the expensive price tag!
OPT FOR A LESS EXPENSIVE FLOORING MATERIAL
Again, if you are on a budget – there are huge cost savings to be had if you opt for a cheaper material.
With flooring being such a large part of your home, it’s not hard to see how the cost reduction will be significant!
Here at Mincove Homes, we offer four beautiful flooring options – all which hold different price points.
We offer our clients the choice between timber, tiled, laminate and vinyl flooring.
Timber is going to be a little more expensive than tile, laminate and vinyl. But, vinyl and laminate have come a long way, and nowadays the timber look can still be achieved by spending a fraction of the price.
In general when looking into cost saving options within the finer details of your new home, the real savings lie within being able to discern between “would be nice to have” and “need to have”!
Here at Mincove Homes, we offer all our clients the support of one-on-one meetings with our professional Selections Consultants, who can guide you on your cost savings options!
ON ALL THAT YOU CAN… DIY
Here at Mincove Homes, we offer our clients the option to arrange aspects of the build themselves after handover – such as flooring, driveways and alfresco areas.
If you are confident and do your research, you will find that there are a range of things that you can either do or manage yourself.
So, as you can see when building a new home, there are a range of different cost saving options to be had! You just need to be able spot them!
To have a chat with one of our friendly and experienced New Homes Consultants about new build cost saving options or getting your free tender, give us a call today on (02) 4256 0222.
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