If you are wondering how to create a simpler more economical new home plan, or at least select one, you are not alone. Many people today are realizing that the excesses of the last half century are not sustainable. The goal of this article is to show you 3 big ways to save hundreds of thousands of dollars on costs while getting a better new home.
New Home Building Plans and Cost: With New Homes Durability and Energy Efficiency Go Hand in Hand
Durability and energy efficiency worth the extra money but it may actually cost less. Thicker walls mean a more durable new home and also a more energy efficient new home. Thicker walls can be obtained in two ways. One is to use 2”x 6” lumber for wall studs. This creates a far stronger home than the minimum 2”x 4” boards. It costs a little more, but thicker walls packed with innovative new closed cell insulation can produce a highly efficient thermal barrier in your new home. You can save over $100 a month on utilities.
Smaller new homes are more energy efficient, cost less to build and are easier to maintain. Building a smaller more compact new home which still feels spacious is a matter of design. It’s much more economical to build, cool and heat a small home. There are ways to maximize square footage, including great rooms, built in wall unit storage and decorator tips for expanding the view. Avoid L’s and keep your home basically square to maximize on the savings.
Save approximately $100,000 or more in interest, on a 15 year mortgage, over a 30 year one. Use a mortgage calculator to experiment with different amounts, and see the savings you can accrue on your new home. 15 year mortgages are amazing, and if you are choosing to build a smaller and more economical new home than you qualify for anyway, choosing a 15 year mortgage really makes sense.
Saving money while building a small, energy efficient, durable new home and paying for it in 15 years rather than 30 can save you literally hundreds of thousands of dollars. Being able to save money on your payments leaves you with more money to enjoy life with. Paying off the mortgage sooner gives you more financial freedom and substantial home equity more quickly. Controlling your new home building plans and new home cost now, will give you more control over your life in the future.