How to Save Money when Building a House in Nigeria

I know no one ever mentioned to you that erecting a building no matter how simple is the biggest expenses you’ll ever make. This bold step would be worth the financial stress if the outcome is your dream edifice. Hence, you have to be intentional about what goes in and ensure to save money when building a home.

This article will highlight ways you can save money while building on a cost-effective plan.

How much money can I save building a house?

The location, size, and style of the home will determine how much you can save by building.

However, because you have complete control over every decision, including the choice of the materials and the work you do yourself, building your own home can save you thousands of bucks.

Where are the best places to save when building your house?

To know the best places to save costs when building your house, you can consider your top priorities and make a list of them.

As you skim through the list, you’ll notice areas where you can save costs either by shopping around or skipping out on some of the more important products that may not be sacrificed since they are very important.

How to Save Money when Building a house

Plan a Budget

Before anything else, decide how much you can afford to spend on the construction of your house. Consult with your financial advisor before you end up buying things that are not needed.

Regardless of how alluring the materials may seem, decide to stick to your budget.

Reduce your footprint size

Every square foot cunts while building a house and as such, cost increases with the size of the house.

Think about your family’s ideal room and get the most value for your money by keeping your floor layout simple and highly practical.

However, you can have the impression that your home is larger without having to spend more money on construction by choosing an open floor plan.

Read this: Financial Planning in your 20s: Best Guide for your decision

Think about the Aesthetic

The aesthetic finishing you choose for your house can leave an indelible mark on your finance. You could have an amazing aesthetic for your house by leaving out some other projects you consider unnecessary.

Wherever you can, save

When planning your home, decide which things are essential and which you can do without. If you do this, you’ll find out that there are methods to save money on design elements like flooring, window coverings, lighting, appliances, and other elements that you didn’t know existed.

So, you can stick with the basic finishings and step up when you’re more financially stable.

Spend lavishly when necessary

Remember that not all facilities are worth the same. It’s nice to think about what you desire in your dream house and what will increase your financial potential in the future.

According to Kiplinger, some features that buyers are looking for in a new house include laundry rooms, energy-efficient appliances, and outdoor living areas.

Pick your builder carefully and be open to him

The builder you choose to work with can make or mar your budget and home-building experience. The goal is to find a reputable and reasonably priced home-builder you can depend on to provide high-quality work on time.

Choose the builder who provides the most value for your money after comparing a few others in the neighborhood. Pay attention to details like fair improvements, inclusive pricing, testimonials, and recently finished projects.

Your budgets and priorities shouldn’t be a secret to the builder so that he can make useful suggestions that can help you cut costs.

Spend the money on things that are permanent

While it is necessary to save some money when building your house, it is important to invest in the home’s permanent components. Send your money wisely so you won’t have to spend more on the general upkeep much later.

Avoid paying for unused space

Build your keenness towards seeing if there is any useful space or if you’re just paying for the development of an area that you won’t use.

This is because there is a tight line between what you need and what looks beautiful, with some places, including utility areas for pipes, mechanical structures, and electrical systems, being vital.

Make budget for emergencies

Make sure your budget isn’t so tight that even a small accident sends you over the edge. Provide at least a 20% buffer for unforeseen costs.

You may or may not need it, but if you eventually do, you’ll be happy to have the cash at hand and not take a loan or use up all of your credit card limits.

See Also: 12 Best Way to Invest 20k in 2022: Full Guide

Return the materials you no longer need

It’s common for your contractor to ask you to purchase more materials than you require. You never know when something might malfunction or when they’ll want more supplies than anticipated. However, return any extra supplies you may have.

Therefore, find out the return policy before you buy, but most businesses accept returns since buying more than you need is a typical practice.

Do some of the work

Consider doing some of the work yourself if you are even the slightest bit handy. Consider your skills and the areas where you can complete some tasks without hiring a contractor.

Even if it’s just installing faucets and light fixtures, it will definitely count and save cost for you. You can gather some experience by watching a few DIY projects on YouTube.

If you don’t have any handy skills, ask friends and family members to help you so you can save a few bucks that would have gone to the contractor.


While building a house is thrilling, by all means, avoid anything that could make you go overboard with your spending. Ensure you spend some time locating little and large-scale measures to save you cost.



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