Top 5 Ways to Save Money While Moving

Moving into a luxury home is an exciting adventure, but a big part of that process involves making smart decisions about where to put your hard-earned money. At Overstreet Builders, we understand the importance of budgeting during this journey. And our goal is to help you craft a luxury home that will fit your pocketbook. From our 60+ years of experience, we’ve come up with 5 tips on how to help you save money while building and moving into your new home in the Chicago Suburbs.

Building a new home is typically a 6-9 month construction process, depending on the floor plan, size and features you choose. Planning ahead and picking the best season to begin your build can help you save money.

It also just makes moving easier, because you'll be able to declutter, pack, plan your kids' school transfer and do all the things you need to do without having too much to handle at once.

The construction process in Illinois is also very dependent on the weather, so it’s important to consider the seasons when you plan your build. Generally speaking, spring is a great time to begin construction since we can maximize the warmer months. There will be fewer delays due to inclement weather, and materials and labor can be cheaper during this time of year as well (although recent supply chain issues have made this less certain).

While Chicago home builders, like Overstreet Builders, will help you map out your budget during the planning and construction phase, it’s important to consider the big picture. Many people fall into the trap of allocating resources for construction but then forget about all the other expenses associated with moving and settling. You’ll want to plan your budget from start to finish:

All of these costs add up quickly and can easily inflate the overall cost of your custom home. Make sure you’ve accounted for all associated expenses so that you don’t go over budget.

Research Your Financing Options 

No matter your financial situation, there are plenty of ways to finance a new construction home (here are 5 very important things you should know when it comes to financing a luxury home). From traditional loans to government-backed plans, it’s important to explore all of the options available to you and compare their pros and cons.

Contact us to find out more about our preferred lenders and some of the creative options they are currently offering!

Save Money During Construction  

Once the financing is in place and you’re discussing options with your builder, you can still put yourself in a good position to save money. We recommend considering upgrades that will add value to your home. They are investments that you can enjoy now and will pay themselves off over time. Energy-efficient appliances, skylights and windows, luxury tile, or custom cabinetry are all great examples of investments that will serve you well in the long run.

Also, it’s smart to avoid making changes or last-minute requests during construction as those can drive up your costs and significantly delay completion.

Any home you build is going to be an investment, and you might as well get the biggest return you can. While it’s natural to want to save money, it doesn’t make much sense if you’re compromising on quality in the process. 

Overstreet Builders is experienced in building luxury homes that stand the test of time without breaking your budget. We prioritize efficiency and quality, which is why we’ve been recognized as one of the best Chicago home builders. We use our years of experience to ensure luxury custom homes are built on time and within budget while still delivering an unbeatable level of luxury. Learn more about our company and core values here.

When it comes to moving and building in the Chicago Suburbs, you can save money with the right home builder and the right strategies. If you’re ready to start that journey, contact our friendly team today.