Building a custom home on Cape Cod can be a daunting process, however, one of the biggest hurdles is managing the budget. Value engineering is a term often used to describe the process of re-working a design to meet budget constraints. This is a great process, but it is very hard to do late in the design process, when costs have gone out of control. Costs are controlled one dollar at a time, through a combination of design, construction techniques, and selection of finishes and fixtures. It is almost impossible to shave $100,000 off of a $300,000 project. A better approach is to set a budget of $200,000 and drive the project to that goal at each stage of the design and selection process.
Since REEF is a design/build company, we assist in developing the budget expectation, and take ownership of the budget throughout the construction process. Managing expectation is the key to a sucessful project, a good finished product, and satisfied customers.
Here is a great article with some tips for value engineering your home project from housingzone.com: Value Engineering a Custom Home
If you want to know what your budget might look like for your next project, click below to download our construction cost guide:
