Inexpensive Home Building

Cut through the jargon and nonsense of home building and house construction by starting from zero dollars and trying to figure best-value bang-for-your-buck when choosing construction methods or construction materials. My research might answer some of your questions and at other times perhaps you have the knowledge or experience to post the answers to my questions and thereby help others too. The goal is an affordable and sustainable home for all.

Monday, October 09, 2006

Lower Home buying Loan Debt with Zero-Based Budgeting

Zero-based budgeting is a fiscal management tool to eliminate loans and debt. Reformers often propose it for government spending but it can help you in your household budget also. I will use it to analyze and evaluate home-building options. For instance, the typical buyer starts with the assumption that the house "should" cost $200,000 and then figures to "save" $1,000 by eliminating a window or using a different wood--even though the house still might be overpriced by thousands of dollars. Instead of starting at a high cost and trying to chip away at it, zero-based budgeting starts at $0 and approves each new dollar as necessary or desired, which minimizes wasted money.


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