Cutting the Costs (and sometimes the quality)
Quantity vs.
quality
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Builders serious about the quality of the homes they build
shy away from cheap alternatives. In the long run, they know that even if you insist on cheap, inexpensive
windows, they reflect on the builder's reputation.
For these builders, smaller, fewer, or going without is
preferred to a cheap alternative. Don't be surprised if a few builders
resists or flat-out reject cheap alternatives.
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Reducing the house
size
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Scaling down the size of a home quickly reduces the
overall cost of the house. From the foundation, all the way to the roof
shingles, the cost goes down.
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Complexity &
type of house
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The more complex the house, the higher the cost.
Contemporary styles with open cathedral ceilings and special roof lines can
double the overall cost to build a house with the same square footage.
However, changing house styles later on can be prohibitively expensive.
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Level of
craftsmanship
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An interesting paradox of home craftsmanship is that home
buyers generally assume that most homes are built with the same level of
quality. And the biggest area where this occurs is with the structural
framing of a house. Unfortunately, the overall quality of homes varies as
much as the quality of automobiles and any other products that you may
purchase. Fortunately, well established builders, like the modular home
manufacturers depend on their reputations for high quality.
For a new home, the level of craftsmanship needs to be
assessed not only for three basic areas. These include the internal living
area, the external weatherproofing and trim, and the hidden structural and
support systems.
The exposed interior and exterior work can easily be
inspected, but the hidden areas require more diligence.
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The quality of materials used
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A common way to reduce the overall cost of a house is to
use lower grade materials. Price differentials between high and low quality
material costs vary widely. Using low grade materials, builders can lower the
price of a house thousands of dollars. For some people, especially those who
intend only to live a house a few years, this low quality approach is more
than adequate. But in the long run, the lower quality materials add considerably
to the long term maintenance and upkeep of a house.
In building a new home, virtually every component has a
variety of high and low quality products available. As we go through the
following listing of architectural upgrades, we also note the lower grade
options.
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Lower quality
windows
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With the high cost of windows, they are especially prone
to substitution. Unfortunately, all too often the new home owner is forced to
install ugly storm windows to compensate for the inadequate windows. New
construction windows should have at a minimum an R value of 4. The difference between a high quality
window and a low quality one ranges anywhere from $50 to $150 or more. When
an average size house has around 15-20 windows, the savings from inexpensive
windows can exceed $3,000. But heat loss, and the eventual cost of storm
windows can far exceed your savings.
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Lower Quality Doors
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Doors represent a popular avenue for cost cutting.
Interior doors offer an especially appealing opportunity to lower the cost
and quality of a new home. High quality interior doors can cost as much as
$50-$150 more than the least expensive interior door. An average size home
with three bedrooms has around 15-20 interior doors (closets, bedrooms,
bathrooms, etc.). The use of lower cost
interior doors can save upwards of $3,000 for a typical house. With an
average of three exterior doors, the substitution of lower quality exterior
doors represents a savings of around $300.
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Lower quality
siding
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The selection of siding has both a functional and an aesthetic
perspective. Many people insist on real wood siding, despite that fact that
in the long term, they will be perpetually painting, scraping, and staining
their new house. If money is no problem, then the every five year $5,000 bill
to re-stain your house is not an issue. The problem with wood siding is that
do you really want to spend an average of a $1,000 annually to maintain the
siding on your home?
Years ago, vinyl and aluminum siding offered little in
terms of style, but today the better grades of vinyl and aluminum siding
offer both an inexpensive, practical and good looking alternative. An
interesting trend is that many of the really smart money people are selecting
upscale vinyl siding for its combination of good looks, low cost and long
term weather protection.
Cement fiberboard is another option to consider. While not common in the states, I have heard that it is used widely in the Caribbean Islands. It is difficult to install properly, but holds up well to high winds and storms. |
Less expensive
bathroom fixtures
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Fixtures and cabinets represent a costly expense for new
homes. Installing inexpensive fixtures lowers the cost of a new bathroom. One
piece showers and tubs have replaced hand placed tile. Inexpensive
countertops dominate most new homes. The most typical bathroom counter top
used consists of poured plastic-molded
sinks. The molded plastic usually has an artificial marble look and feel.
Inexpensive cabinets and lower grade faucets further lower the cost.
Most modular home manufacturers use high quality bathroom
fixtures, cabinets and faucets. To keep costs down, virtually every
manufacturer uses the fiberglass or compound showers and tubs. Working with
your general contractor, you can go with a tiled bathroom and shower/tub for
an additional cost.
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Plan for a future
bathroom
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Rather than use lower grade bathroom fixtures you might
consider building a "planned future" bathroom. As you work with the
general contractor laying out your ideal floor plan, you include all the
necessary bathrooms. But when it comes time to build, all the rough plumbing
is installed, but none of the fixtures are installed. Use it as a closet, and
in a few years when you are ready, have the bathroom finished off. Initially,
the shortage of bathrooms is cumbersome, but in the long term your home has
high quality fixtures rather than several bathroom all with leaky faucets and
broken toilets.
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Less expensive
kitchen cabinets, or fewer well-built cabinets
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The major expense in kitchens comes from the high cost of
quality cabinets. And once the selection is made, a few years down the road
the cost to upgrade to a better cabinets can be quite costly. Most modular
home manufacturers use a good quality cabinet. Several manufacturers do
however, give you a choice of style and quality. If cost is a consideration
and you intend on keeping the home one way to lower your initial cost is to
install fewer cabinets than you have planned to for. Over time you can simple
install the new cabinets. The first few years may be cramped, but in the long
run, you end up with a kitchen with well built cabinets. Many people go with
lots of inexpensive cabinets, and in five years it shows.
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