You obviously know that if you want to build a new home you have to find a skilled and experienced home builder. However, your job doesn't end with finding a home builder. Since home building is an extremely expensive affair you need to negotiate with your home builder to make sure that you don't end up paying more than necessary. Before you start negotiating with your builder you have to understand thoroughly about the costs that have to be incurred. You should also research on the preliminary pricing. If you want to minimize your expenditure you will need to understand how you can control the cash flow.
When you start negotiating with the builder get an estimate from him. Make sure that the estimate includes the cost of labor, materials, license permit and other related expenditure. Tell the builder that you will buy the materials. This will go a long way in reducing the cost. If you purchase materials out of the pocket you will be able to avoid mark up cost and also buy exactly what you need. However, before you decide to buy the materials from your pocket ask the builder whether he can get you discounts from the suppliers or not.
Ask your builder whether expanding the time of the project will cut down the cost. When the project is expanded the builder gets the chance to work on multiple projects. However, expand the project only if the builder is experienced. To reduce the expenditure you can do some of the work yourself. Certain home building tasks require a lot of time but do require great skills. And if you can do these tasks yourself you can save a whole week's labor cost. You can do stuffs like painting the walls and installing the window screens. Use your links to bargain for a good deal. Offer advertising space to the builder or give him contact numbers of people who will be building new houses soon.