Tuesday, March 4, 2008

Financial Management

A piece of advice...
When building a new house, allocate at least 10 to $15,000 to upgrades. I went to
Covington Group's interior designer today, Klaudia Przywara. She has a great eye for color and an understanding of customer requirements.
I walked through the final plans with her, from exterior to interior, room by room. It might seem like a daunting task, but that's the price you pay for building. As she explained each room, it was evident that certain upgrade options were not mentioned when purchasing the home. I think this isn't different with any builder/realtor. I felt like I was pimpin' my pad today. Take note, these upgrades are not included in the inital house price. Be mindful of these sorts of things when pricing a newer home out.
Here are the upgrades discussed today during my meeting.
  • Insulated gargage door
  • exterior recessed lights
  • fireplace mantle - upgrade to stone
  • kitchen cabinets - color and handles
  • kitchen counter tops
  • kitchen sink under counter
  • appliance installation price
  • appliance size
  • lighting location
  • bathroom vanities
  • extra electrical outlet locations
  • paint color throughout
  • microwave with venting hood
  • front door handle upgrade
  • rough-in for bathroom in basement
  • sound proofing ( this wasn't discussed but consider between floors, many people i know who have it swear by it)

The session took about three hours even with the colors pre-selected from the model home as a base. If I can offer some advice; take your time. Do NOT try to decide everything in one sitting. Unless you've been thinking about this since pre-birth, its virtually impossible to think of everything.

To give some advice, as was given to me.. If its not written in the original deal, its an upgrade and you will have to pay extra. Leave the financial buffer, you're going to need it, no matter what you think.

1 comment:

Anonymous said...

wow man, this almost makes me not want to buy a brand new home :P
--crispee