Building a House? 7 Ways to Get the Most Money Out of Your Home

Written by  //  April 24, 2015  //  Home Construction  //  Comments Off on Building a House? 7 Ways to Get the Most Money Out of Your Home

Building a home can be an exciting time for a family. It is one way to make your dreams come true. However, when building your dream home, you also want to be smart. To help, below are seven ways to get the most money out of your home.

1. Tax Breaks

One way to save on your home is to take advantage of tax breaks specifically designed for homeowners. There are a number of ways to leverage an investment in your home into a tax break. This includes tax credits, deductions for mortgage payments and more.

2. Solar Panels

Another great idea is to have solar panels installed on the roof of your home by a company like AMI Energy / 1800 Solar USA. For a small upfront investment, solar panels can help bring down your electricity prices year round by as much as half.

3. Energy Efficient Windows

Another excellent choice that can help you save on your utility bills is energy efficient windows. These windows do a far better job of trapping heat inside during the winter and keeping it outdoors during the summer. This can allow you to rely less on your furnace and air conditioner.

4. Proper Attic Insulation

Another way to save money with the design of your home is to make sure that proper attic insulation has been installed. Insulation is integral to making sure your heating bills stay under control during the winter. A properly insulated attic will trap heat within your home and prevent it from rising out through the roof.

5. Reclaimed Wood Floors

One of the key features of many upscale homes is beautiful wood flooring. However, wood flooring can be exorbitantly expensive. One way to solve this problem is by using reclaimed wood for your floor. Reclaimed wood comes from buildings that have been abandoned or are on schedule to be demolished.

6. Stay within a Budget

Building projects are notorious for ballooning in price with added expenses and blown deadlines. Before you even hire a builder, choose a budget for the entire project. Make sure the builder knows that you will not budge on the agreed to price at a later date. You might also consider having the builder attack one major building project at a time. This will allow you to more effectively manage your finances while your home is being built. This way you know where your money is going and how it is working during these projects. Remember, that you want to get the most money possible out of building your home. The idea is to gain a bigger return on your investment.

7. Shop Around for a Builder

Simply settling on the first builder you come across is not the way to save money. Instead, take multiple bids from different companies. Choose the one that is willing to build what you for the lowest price.

Building your own dream home can be very exciting for you and your family. However, you also need to keep your dreams grounded in reality. Make sure to manage the project in a way that will save you money.

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