If you’re a real estate investor who is actively building new rentals, from a single family residence to a multi-family apartment building, saving money is the name of the game. But that also doesn’t mean cutting corners with cheap materials but using proven methods that can in fact cut down on thenew construction tips price to construct while still keeping quality at top of mind.

What are some things to consider before you finish your plans and specs? Here are a couple of ideas that might work.

First, speak with your builder and inquire about ways to cut down on construction costs. That sounds a bit too obvious but builders typically build what’s given to them. At least that’s what they’re supposed to do. You provide the plans and the builder provides the quote. Yet before you complete your plans, have your builder review what you and your architect have done and ask if there is anything on the plans that can be done in a more efficient manner.

If you’ve got a tear-down and building a new single family home, think about a two story structure. If your vision sees a 3,000 square foot home you’ll need a 3,000 square foot foundation. Plus the driveway. If you have two floors each 1,500 square feet, you only have one foundation at 1,500 feet. Slab or pier-and-beam, a smaller foundation will be cheaper. And speaking of driveways, can you get away with a detached garage instead of an enclosed one? Some areas also allow for a “drive under” garage where part of the basement is used to park your vehicle.

Proper planning and careful communication between you, your architect and your builder can create a property that will command the highest dollar while paying attention to all cost-efficient materials and construction.