BUDGET CHECK OFF LIST

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Budget check off list: check off the applicable items as they are completed (all items may not be needed)

Determine your total budget: Decide on the maximum amount you are willing to spend on your new home construction project.

Allocate funds for land purchase: If you haven't already purchased the land, set aside a portion of your budget for this expense.

Include architectural and design fees: Budget for the cost of hiring an architect or designer to create the plans and blueprints for your new home.

Account for permits and inspections: Research the cost of obtaining necessary permits and inspections required by your local building department.

NOT DONE

Account for land clearing and development costs such as: tree removal, brushing, creating a road, pad excavation, etc.. In addition, consider any landscape retaining wall for the home pad, driveway, etc.

Estimate construction costs: Break down the estimated costs for materials, labor, and equipment needed for the construction process. Consider factors such as foundation, framing, roofing, plumbing, electrical, HVAC, and finishing materials.

Factor in contingency funds: Set aside a percentage of your budget as a contingency fund to account for unexpected expenses or changes during the construction process.

Plan for landscaping and exterior features: Budget for landscaping, driveway, fencing, and any other exterior features you want to include in your new home.

Include interior finishes and fixtures: Consider the cost of flooring, cabinetry, countertops, appliances, lighting fixtures, bathroom fixtures, and any other interior finishes you desire.

Account for utility connections and fees: Budget for the cost of connecting your new home to utilities such as water, electricity, gas, and sewer.

Include financing costs: If you are taking out a loan for the construction, factor in the interest payments and any associated fees.

Plan for moving expenses: Budget for the cost of moving into your new home, including packing materials, hiring movers, and any necessary storage.

Consider ongoing maintenance costs: While not directly related to the construction budget, it's essential to factor in ongoing maintenance costs for your new home.

Remember to regularly review and update your budget throughout the construction process to ensure you stay on track.

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