Creating A Custom Home Budget

Creating A Custom Home Budget

Do you want to build the custom home of your dreams? The first step is creating and budget. When building a custom home on your lot, there are many factors that can determine your budget.


Budget Estimation & Flexibility

Estimating a custom home budget is a complicated process, which you should not expect to fully understand without time, effort, and professional assistance. Even with these three things, you’ll still need to be flexible. Cost of materials and labor vary and you’ll also need to add in buffers for the unexpected such as weather and material shipping delays. Because of this you won’t be able to create a firm budget, but instead of rough estimate.

As you’re trying to nail down your budget, instead of asking yourself ‘how much it will cost to build the home you want?’, lean your thought process toward ‘how much house can I afford?’. By keeping your thought process budget oriented you’ll find it easier to prioritize the things you really want in your home while preventing dreaming about a home beyond your means. Prioritizing your design will allow you to easily decide what’s important and what is optional. For example, can you be happy without a home office if it allows you to expand your garage to include a workshop?

Your savings account and mortgage qualification will likely determine your budget. But you may also include using another property or land as collateral in order to build more home. If you haven’t already, you’ll need to choose a location for your custom built home. Add in the cost of your land and divide your budget into “soft” and hard” costs. Soft costs will include fees, permits, utility hook-ups, and indirect costs, where as Hard costs will be the standard construction materials, land, and labor.


When should I get started?

The simple answer: Now.

Some of our customers have started working with us years before they build. They do this because they are planning for their financial future, building up a budget, planning their retirement, or a myriad of other reasons. Other customers have a specific timeline they want to follow because they are expecting an addition to their family, move, or just general eagerness. Those customers, after a short period of home design and land selection, build their custom home right away.

The sooner you get a professional involved, the better. A good custom home builder will be able to help you avoid common pitfalls, help you select a desirable piece of land, develop a home plan that works within your budget and help you secure financing. Now is the best time to get started. Whatever your timeline or budget, you can get your questions answered and develop a plan for your custom home.



You can build the custom home of your dreams

Building a custom home on your lot can be a fulfilling one-of-a-kind experience. And if you put in the effort, time, and get the right professionals to help you, you can truly get what you want within your budget. A quality contractor with adequate experience can help advise you about what to expect and protect you from making any mistakes. It’s always better to be prepared, and a good custom home builder can help to make the process easier and enjoyable while insuring that nothing is overlooked.


Ready to talk about your custom home budget? Call us or visit our custom home design studio. The sooner you get started, the sooner you can move into your custom dream home.


Contact Us


Putnam Builders has been building custom homes on the Gulf Coast of Texas and surrounding areas since 1963. We would love the opportunity to discuss your custom home ideas in our design studio in Kemah, TX or in the comfort of your own home. Please contact us at 281-339-0838 or request a free consultation.



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