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The Decisive Guide for Staying on Budget when Building a Custom Home

Have a contingency fund

We’ve all seen at least one episode of an HGTV show where something goes horribly wrong and the budget takes a major hit. The best way to plan your custom home budget is to leave room for unexpected expenses. Here we suggest to hope for the best, but plan for the worst. Your contingency fund can absorb unexpected shocks without hurting the rest of the budget.

Another benefit of having a contingency fund is having a pool to dip into for pieces you really love that exceed budgets. This is crucial when your dream countertop costs more than expected. Having this fund gives you flexibility to splurge without having to deplete other budgets.

Lastly, we recommend setting aside this fund to give you the flexibility to change your mind. As the framing goes up, you may realize that another window is needed for natural light or another change needs to be made. Budget now to give yourself options later.

Make an itemized custom home budget

We all know it is important to have a set budget for how much you are willing to spend on your Hill Country dream home. More importantly, you need to know how much to spend on each category. An itemized budget provides organization, accountability, and clarity for both you and your builder. Without specified categories, it is impossible to track your progress in spending. This make sure you continue to have funds for the many important things in your dream Texas home.

An itemized budget also allows you to make educated decisions and tradeoffs. If you splurge on a dining room light then others need to be substituted to remain on budget. This clarity allows you to make educated decisions as you choose the features in your custom home.

Work with the right professionals

Most of us aren’t walking around with the expertise on what to budget for things like flooring, drywall, and contingencies. That’s why it’s important to find the people who can. The right professional home builder can help set realistic budget expectations catered to your specific budget and style. Even better, a local builder has specialized knowledge on what your home needs to stay cool in Texas summers. They can also help you set the right contingency fund to avoid going over budget. A good home builder considers factors such as your lot, home plans, and design preferences. A builder with years of expertise in the field often finds ways to maximize your budget for your priority areas.


Don’t make every nook “Pinterest worthy”

It’s hard to scroll through cultivated images and not feel the pressure to make every nook photo worthy. In reality, not every corner of your house needs to draw attention. While having your dream home should be a priority, it’s important to focus on focal points in your home. This is easier on your custom home budget as focal pieces tend to be costly, but it’s also beneficial from a design perspective.

Allowing simplicity in some features allows show stopping aspects to stand out, such as floor to ceiling windows of your Hill Country view. When every aspect of a home is cultivated for snapshots, it can become overwhelming and even feel cluttered. A more simplistic approach overall allows show stopping features to be appreciated and can help your home feel stunning, rather than overwhelming.

Make a list of non-negotiables

While this may seem counterintuitive, making a list of non-negotiables can actually help protect your budget. This can help you and your builder have a clear roadmap of priorities. At first, every detail in your Hill Country home may feel like a non-negotiable, but with the many decisions that will be made, you will soon learn that there are many things that you simply do not care about as much as lighting, tile, wall colors etc.

This means that items that don’t fall on your non-negotiable list can be substituted for more cost effective options allowing you to direct more funds to the home aspects that you care more about.


Choose your style before the decisions are made

When faced with warehouses of options for your custom interior, it can be overwhelming, particularly if you have yet to decide on a style for your home. Do you want Hill Country Style, a modern farmhouse, or terracotta tile to incorporate the Mexican roots in the San Antonio area? Without choosing a guiding style, it can be easy to find yourself choosing individual accents that you love that have no cohesion resulting in a chaotic space. Many of the most eye-catching accents also usually come with a hefty price tag.

Deciding upon the style and feel you want for your custom home can help guarantee cohesion and help you decide how to alot your budget. Are the floor to ceiling black paned windows crucial for the style you want? Then splurge! Do you want the look of hardwood floors but are flexible on the type? Then save! Use engineered hardwood that offers the same style for a lower cost.

When designing and building your Hill Country dream home, we know budgeting can be overwhelming. With decades of combined experience in the home building space, our team is here to help with free consultations to help turn your dreams into reality.

Click here to schedule a free consultation for expert help!

-The Team at Stone Creek Custom Homes

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