Building a new home can be exciting, but it can also be expensive. While you don't want to sacrifice on quality, making an effort to save money where you can will ensure that you stay within budget and may even allow you to splurge on things that you really want. Here are three ways to save money on your home's construction.
Use Recycled Materials
Incorporating recycled building materials into your home will accomplish three things. First, it will save you money. Second, opting for used materials reduces the amount of waste that ends up in landfills, so you would be having a positive impact on the environment.
Third, used pieces can add unique character and charm to your home. For instance, using wood from a reclaimed barn on your floors can give your kitchen or dining room a nice rustic feel while also avoiding the homogeneous look that you sometimes get from mass produced flooring products purchased in stores.
While you can find used individual pieces just about anywhere, you'll want to work with your building contractor to get recycled building materials in bulk for big projects.
If you're computer savvy, you can save a ton of money by purchasing items for your home online. For instance, there are some wholesalers who will sell to the general public via their websites, letting you get things like doors, cabinets, and appliances at significantly lower prices than what your local home improvement store charges.
The Internet is also a good place to find rebates and coupons that you can use to save even more money. The manufacturer of your kitchen cabinets may offer a rebate on its website, for example. Many general contractors will let you know which manufacturers are offering sales and rebates on their products, but it's a good idea to do your own research as well.
Maximize Tax Credits
The Canadian government has several deductions homeowners can claim to reduce their tax burden. For instance, first-time homebuyers can claim up to $750 on their tax returns and may be eligible for the GST/HST tax rebate for building new housing or doing extensive renovations on existing homes.
The province or territory you live in may also provide some type of tax credit. Ontario homeowners can apply for the province's property tax credit, for instance.
For more ideas on saving money on your home's construction or to hire someone to help you build the home of your dreams, contact a building contractor in your area. One company that might be able to meet your needs is Aim Construction Ltd.Share