There’s nothing quite like designing your dream home. Many couples view this as a luxury they can’t afford, but a custom home is more affordable and attainable than you think. Following these few simple tips will help you save enough money to hire a homebuilder to create the house you’ve always wanted.

How to Save Money to Hire a Homebuilder

1. Save With the Goal in Mind

Once you’ve calculated how much you will need, you can plan to save 10% to 20% for the down payment. Determine when you would like to hire a homebuilder and divide the total cost by the number of months until that goal date. You now know how much you need to put into a separate “down payment fund” account each month.

2. Use Technology

Technology can help you budget and save money. Budget tracking apps such as Mint will show you where all your money is going, which can make it easier to see where you can be spending less. Other apps will automatically put money into a savings fund, so there is no temptation to spend it. Digit will automatically save a certain amount each day, while Acorns will round up all purchases to the nearest dollar and put the difference into savings. 

3. Ask for Gifts

Gift money is popular for down payments, especially for first-time homebuyers. Ask any generous friends or family to include a gift letter, which states the money is a gift and not a loan. You can ask for money instead of a regular gift at your wedding, holidays, and birthdays. Friends and family will be thrilled to help you achieve this goal. You can thank them later by inviting them to the housewarming party of your new dream home.

 
The team at Curtis Law Construction will bring your dream home to life in Lihue, HI, and across the island of Kauai. Since 1969, this homebuilder has been known for its high-quality, full-service construction. They focus on energy efficiency to expand your environmentally conscious lifestyle. See some of their work online or call (808) 246-0676 to schedule a consultation.