We always say – everyone has a budget. Whether your budget is $500,000.00 or $5,000,000.00. You have to be smart as to where you put those dollars when building a custom home or remodel. It ends up being a financial balancing act of where to splurge and where to save. This process can, at times, become overwhelming and confusing. It is extremely important that you have trust in your builder to steer you in the right direction when it comes to making these important decisions.
A good “splurge” would be on windows. Opt for energy efficient, upgraded windows that will end up saving you money on your electricity bill for years to come.
A good “save” option would be to opt for chrome plumbing fixtures in lieu of polished nickel. It will give you a similar look without breaking the bank. And these fixtures could be easily replaced in the years to come.
Another good “splurge” would be radiant heating underneath your floors. This system saves energy and improves quality of life. Aside from the benefits, a system like this would be a nightmare to install later and end up costing you more.
Another good “save” option would be by using a remnant for countertops. These are left over pieces of granite or quartz, that usually work great in places such as a powder room, wet bar, etc.
Huge Savings Tip: Take advantage of builder’s pricing on appliances. Most appliance manufacturers have discount programs in place for home builders. Make sure those discounts are being passed along to you.
The bottom line? Set priorities and budget for them. While certain areas (structural integrity, safety, insulation) are places where no one should scrimp, pretty much everything else is up for interpretation. So take your time, set your top priorities for your project and stick with decisions that make sense for you — both now and in the long term.