Save or Splurge?

Knowing when to splurge and when to save will help you make room for those nice-to-have items, while ensuring you have all that you need.

One of the first questions you can expect to be asked by potential builders is, “What’s your budget?”

You’ve likely already crunched the numbers and know what you can afford. You’ve also likely scoped out ideas for your new home and started a wish list – perhaps with a few things on it that could stretch your budget. Knowing when to splurge and when to save will help you make room for those nice-to-have items, while ensuring you have all that you need.

Splurge

Windows and insulation

Choosing quality, energy efficient windows and insulation will make your home more comfortable – think cooler in the summer and warmer in the winter – while saving you money on your utility bills. Those savings will soon add up, meaning more to splurge on elsewhere.

Electrical, plumbing and gas lines

Maybe a finished basement isn’t in your budget now, or you’re thinking of adding a sound system a few years down the road. Getting the electrical, plumbing, and/or gas hook-ups in place now – when your house is not in its finished stage – will save you money in the long run and avoid the need to turn your home into a construction zone (again).

Storage space

This goes for your garage, pantry, mud room – wherever you store your belongings. Storage space is not something you can easily add after your home is built, so it’s a good idea to budget for the storage space you know you’ll need before your home is finalized.

Save

Flooring

There are nearly endless flooring options nowadays, and many of the budget-friendly options are in close competition with their pricier counterparts. Laminate and vinyl flooring can easily imitate hardwoods, although they offer more durability and a lesser price. Your builder can help you select an affordable option for each area of your home.

Lighting fixtures

Fancy lighting fixtures are nice to have, but not a need-to-have-right-away. As long as the wiring is in place, fixtures can be upgraded at any time.

Countertops

Marble and quartz countertops are eye-catching additions to any home – but so are laminate countertops that are made to look like marble or quartz. File countertops under the nice to have, but not need-to-have-right-away list.

A good builder will always keep your budget and lifestyle in mind when making recommendations as to where you can save or splurge. Choose someone who understands your needs and has your best interests at heart, no matter what your budget. 


from Custom Home Building Blog by Sawlor Built Homes https://sawlorbuilthomes.com/nova-scotia-home-builder-blog/save-or-splurge-customhome/
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