Where should you spend your money to get the most value on your custom home? Building a home is probably one of the biggest investments you’ll ever make, and it is crucial to put your money where you will get the most quality. This is true in terms of market appreciation, but also designing a space for the way you want to live today, tomorrow and your future. To get the most value on your custom home, there are seven key areas to consider when planning your budget.
Location
We know the saying, “location, location, location.” However, when building a custom home this becomes more than just a tag line. This is the first stop on your journey and where you want to invest your money wisely. Before you put a dime down on a vacant lot, do your homework and ruminate these important factors:
Do you have or are you planning on having kids? School districts become a very far-reaching part of the decision-making process.
Are you on a budget? Are property taxes affordable? Scrutinize this aspect, especially if you are working within a monthly stipend.
Everyday necessities, do you need access? Do you want to be close to shopping, parks, town? Does the thought of having to make long trips to the grocery store sound like a nightmare? Or, have you been dreaming of country living? Being close to town is not something you’re worried about? These are all critical choices to keep in mind when you are searching for your perfect property.
Design Services
If your home builder does not include interior home design services within their contract, it is highly recommended to work with a knowledgeable home interior design team. An interior designer works as a liaison between you and your builder. They help to create a functional design, utilizing your aesthetics. Designers will advise and guide to help you conceive of a floor plan, furniture placement, colors, fixtures and finishes, just to name a few. Not only will you enjoy the splendor of a fabulous home, you will find a greater return on the money you spend for these services at the time of resale.
Family Room
The family room is an area where you don’t want to go too small, you want to think big. Families tend to gather and spend the most time in this space. This is where the kids hang out, a place to watch the game or a movie, a room for large holiday gatherings, but comfortable enough for a lazy Sunday afternoon. This is where you think function and form. Make this room a little larger, rather than smaller, than you think you’ll need.
Master Bath
This is your ultimate retreat, a place to relax and unwind. Think of it as your own personal spa day, at home. Here is where you want to upgrade your bath size and finishes. Envision heated floors, a soaking tub, rain shower, counter space and storage, all in your dream luxurious bathroom. Plan on spending your money on this oasis now, rather than later. Especially since a bathroom remodel can average $10,000. Plus, if you decide to sell, a master bathroom provides an excellent investment return.
