How to Build a Luxury Home on a Budget?

Kannur Budget Homes

09 June 2022

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Everyone wants more for less, whether you consider yourself unwasteful or someone with an expensive choice it is not uncommon to want to build a Luxury Home on a Budget. So how can you get more smacks for your money? Building a dream home as opposed to buying one is the first step in getting items on your wish list. You get the floor plan you’ve always wanted and you get to describe your idea of what luxury is to you. Planning out your dream home with an architect or designer is an exciting thing as you work together to build your luxurious dream home to suit your unique lifestyle on a budget.  It is essential to keep in mind that while architects and designers are design experts, they understand the true costs associated with building a luxury home.

Below, we share some ways you can save some money and build a Luxury Home on a Budget

Define your Budget

When planning to build your dream home, having a clear idea about what you can afford is important. The best way to determine what home price you’re capable of would be to ask your bank’s loan officer. Get an exact figure of the cost of a luxurious home you can build comfortably. Calculate each detail so that it would be easy for you to have your luxurious dream home built on a budget.

Use licensed contractors

An experienced construction contractor plays a crucial role in homebuilding. Licensed contractors have creative networks with suppliers and subcontractors — relationships that they can influence for quality supplies at great discounts.

Describe your ideas to your contractor about what you need to build your luxurious dream home. They have most likely assisted people in the same position and can advise with effective guidance on certain decisions. A good builder can help you with efficient ideas and tips on how to maximise materials to get what you want within your budget.

Choose the Right Site

Choose a size that fits your budget and a plan that can be customised to that site. Avoid site establishment charges. A waterfront site can be one of the most desirable places to build a luxurious house and live.

Monitor Costs and Quality

You should continuously monitor work progress and expense during construction to ensure that you get everything done based on your requirements.

Don’t accept less than what’s mentioned in the design and the contract. This is implemented in decorative details and structural elements.

If you follow these tips, you’ll find that a small budget is not a restriction to building a luxury home. What you need is the right vision, budget, and an expert team of architects & contractors.

Kannur Budget Homes is based on the concept of a budget home construction and service-focused business, operating primarily in Kannur, Kerala. We pride ourselves on working closely with our clients to achieve a common goal: building beautiful and luxury homes that breathe quality – your dream home. Every project we undertake has a company director present, and we are always contactable.

To discuss your new home, building, or renovation work, we invite you to contact us today.