There are a lot of Tennessee residents who want Custom Smart Homes[BL1]
to build their new home, but feel like they don't have the money to make it
work within their budget. We provide our
clients with a list of financial resources that may be able to help them pay
for their new home, but there are some things you can do during the planning
process that can save you a lot of money on home building costs.
Look At "Problem Lots"
Everybody wants to build their house on a flat stretch of
land, but if you build your home near a hillside or fill-in property you may be
able to save a lot of money on land costs.
Generally lots that aren't "ideal" (near/on a hillside,
fill-in lots, narrow lots, etc) cost a lot more than others, and if you choose
a lot that's on the off-beaten path you can save a considerable amount of
money.
Go For Lots Or Land A Little Further From The Town Center
Some people have always dreamed of owning a waterfront
property, but property that's right near a lake or river can be expensive. If you've always wanted to live close to the
water choose a lot that's a little further from a town center. You'll still be near water, but you won't
have to pay for lakefront property prices at a premium.
Build With The Neighborhood In Mind
You've always wanted a home that could double as a mansion,
but building your mini-mansion in a neighborhood full of mid-sized homes could
hurt you in the future. You may think
that having a big home in a neighborhood full of smaller homes could boost its
value if you sell it in the future, but doing that will actually have the
opposite effect. The value of your home
will depend more on the homes around it than the home itself, and your resale
price won't be anywhere near as much as you'd think it would be.
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