Mistakes to Avoid When Building a New Home (Part 2 of 5)

Mistake #2 – Under-budgeting

Cost overruns are not out of the ordinary on job sites. Unexpected problems arise, county fees escalate, or material shortages happen; each of these factors can skyrocket costs.

The truth is that many people navigating their first build underestimate those uncontrollable factors. When you put all your budget into the build, you don’t allow for those overages. That lack of funding leaves many first-timers scrambling to find those additional funds.

Always plan for a 10% to 15% cost overrun on your build.

Bob Abner is a highly respected, top producing, full time, Realtor for over 30 years and is an expert in the Northern Kentucky real estate market. Give Bob a call at 859-760-1660 or email Bob at BAbner@huff.com