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Tips to Maximize Your Profit on New Home Builds

Investing in a new build home is one of the most exciting things that you can undertake. With so many factors contributing to the potential costs of the build, to maximize your profit it’s best to be prepared for anything. Thankfully the internet provides new home builders nearly limitless resources for inspiration, optimizing your budget, and finding the financial institution that provides the best funding. If you’re looking to start up a new housing build, consider these online resources to prepare for the project:

Estimating the Total Cost of Your Next New Home Build

Construction Cost Estimator: This simple tool is designed to help keep your construction costs in line with your spending efforts. While every contractor will have different going rates, it’s important to have a system in place by which you can check initial estimates versus market averages. Construction Cost Estimator is a small investment ($19.99 on the Apple App Store) which can help both you and your contractor keep track of spending in live time.

Paint Calculator: Sherwin-Williams provides a free, easy-to-use resource for estimating the amount of paint your new build will require. This helps builders estimate not only how many cans of paint they will need, but also how much said paint will cost. Paired with their ColorSnap app for iOS and Android, you can streamline your paint needs with exactly how you will want your walls and ceilings to look when the project is complete.

EasyMeasure: Want to double check a beam or sill as your construction gets underway? Forgot your level in your other toolbox? EasyMeasure is the perfect app for you. EasyMeasure uses your phone’s camera in order to accurately measure the level of surfaces in your new home. Easy-to-use and effective, EasyMeasure is free on iOS, Android, and the Amazon App Store.

Keeping Your New Home Build Within Code

Your Municipality’s Website: All the rules and regulations you should need in order to begin your building project will be provided on your city or town’s website. While navigating through the menus may seem like a daunting task, it’s important to know to which building codes you may be beholden. Other local information such as public sewage access and utility hooks up will be available through the government website.

Looking for a Little (Or A Lot) of Help and Inspiration

Angie’s List: A storied resource, Angie’s List provides customer reviews of contractors, suppliers, plumbers, and other businesses with which home builders may need to work. Businesses cannot pay for reviews to be shared to Angie’s List, providing less biased reviews of a company’s work than other review websites. The service is free to join and can help you get in contact with specialists directly through the Angie’s List website.

Social Media Platforms: A great way of finding “inspiration” pages and groups of people with similar interests or ideas to ready share with one another. While Pinterest is the leading resource for aesthetically pleasing inspiration, Facebook also boasts thousands of groups made up of first-time home builders, many of which are created around specific geographic regions. Take a look to see if your area has a group where you may be able to glean information from other people taking the same big step as you!

Before you can set your dream build into action, know what financing you will need to make it happen. EMCAP Lending is prepared to help you achieve your homebuilding funding goals! Please contact us to see how we can help you build the home of your dreams.