Having a custom home built is certainly not an inexpensive
endeavor. However, people who have gone through the process would agree that
it’s a worthwhile one. Keep in mind that even after you’ve agreed to a price
for your new home, it doesn’t mean that it won’t increase during the journey.
While there definitely are some upgrades that are worth the upcharge, there are
also some that you’re better off passing on if you are near your maximum
spending threshold. As you navigate the world of builder upgrades and try to
figure out what to say yes to and what to say no to, you’ll do well to keep a
few tips in mind.
Upgrades That Affect Your Building Plan
Some upgrades are small, such as including cabinet lighting
or decorative trim. Others, however, such as adding a new room, are major and
will cause your building plan to have to be modified or even redone completely.
As you can imagine, these types of upgrades tend to be pretty costly, as time
and effort will have to be spent redesigning plans. That’s not to say that you
shouldn’t make any structural upgrades that interest you. What you should do,
however, is agree on those structural upgrades before or at your contract
signing. Up until then, nothing is set in stone or legally and officially
agreed upon, so it’s okay to make changes to your current plans. Once that
contract is signed, however, you’re looking at big charges for structural
changes especially if construction has already commenced.
Minor Cosmetic Changes
When it comes to minor cosmetic changes, such as choosing a
textured paint or switching from carpeting to hardwood flooring, it’s best to
make these later on in the game. This is especially true if you’re on the fence
about these types of upgrades. If you are uncertain, or still “shopping”, its
best to play it safe until you have fully committed to these extras.
These cosmetic changes are easier to determine once there is
a physical structure in place which will help you visualize the effects.
Be Smart with Money
It can be tempting, especially when you’re still “riding the
high” of having your home custom built
and designed, to opt for every upgrade you want or see. After all, you want
the very best home, and if you’re like most people, you’ve waited for years and
years for this dream to come true, so you think, “why not?” Saying, “why not?”
too often, however, can cause you to spend a small fortune on your home’s
customizations alone and to go way over your original budget? Stick to your
budget when necessary and only invest in those upgrades you truly bring value and feel you can’t do without. Also, another good
reason not to overdo upgrades is that it’s possible to make a home too
customized. If your home is tailored too specifically to your wants and needs,
you’re probably going to have a hard time finding a new buyer for it if you
ever decide to sell. And, with the future and the market as unpredictable as
they are right now, that’s definitely something to think about, as are these
other helpful tips.
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