When buying a new construction home from a builder, deciding on upgrades can be one of the most confusing parts of the process. How do you choose which upgrades are “wants” versus “needs?” How do you decide which options are worth it and which are not? At Lowder New Homes, we do our best to make the upgrade selection process as simple and painless as possible for our customers. To that end, here are five common-sense tips to help guide you when it comes time to choose new construction upgrades.
1. Watch your budget.
The inherent danger with construction upgrades is that they can add up quickly without your realizing it. Most individual upgrades don’t look that expensive on paper, but it only takes a few of these “inexpensive” upgrades to add thousands of dollars to the cost of your home. To keep from overspending or over-committing, we recommend setting an upgrade budget for yourself in advance. Once you’ve hit your budget limit — stop. If you hit the limit but you still want some upgrades, it’s time to start prioritizing which upgrades are worth keeping and which could be traded for others you really want.
2. Choose upgrades that are cost-efficient.
If you feel overwhelmed by the choices, one excellent approach to choosing upgrades on a new construction home is to focus on those that will help save you money in the long run. Energy efficient upgrades are an obvious choice here because they can have a direct impact on your energy bills. Another consideration is life expectancy; for example, higher-grade kitchen appliances tend to last longer than “standard” appliances before they must be replaced.
3. Focus on upgrades that increase home value.
Another popular approach for selecting upgrades is to lean more toward improvements that will add value to your home in the long run in case you ever decide to sell. Kitchen upgrades are almost always value-adding since this is usually the first place buyers look. Other value-adding upgrades might include wood flooring, flexible floor plans, an extra bedroom/bath or anything that adds or maximizes your square footage.
4. Avoid over-customizing
You naturally want your new home to match your needs and personality, but bear in mind that over-customizing with upgrades can actually begin reducing your home’s resale value. If you try to sell your home later down the road, it’s important to remember that even if a home is perfectly customized to your needs, that may not be the case for buyers touring your home. For a prospective home buyer, those custom-tailored features might come off as interesting quirks at best, or a renovation obstacle at worst. You may have a generous budget to put toward upgrades, but that doesn’t mean you have to use all of it. “Treat yourself” if you wish, but keep the bigger picture in mind.
5. Ask your builder about special deals and promotions.
Many times, a good builder will offer free upgrades as part of a special promotion or incentive to attract buyers. Be sure to ask your builder about these promotions as they can sometimes add thousands of dollars to your upgrade budget.
Currently, Lowder New Homes is offering up to $5000 in free upgrades with some of our select homes. To learn more about this promotion or for more advice on choosing new construction upgrades, give us a call at 334-270-6789.