When you decide to build a home, one of the most important, and challenging, decisions is where to splurge a little and when it’s okay not to. The following, taken from InHome by Brian C. Baber, will you give you some great advice on where to put your money to get the most value…
You have heard the adage: location, location, location. This is where to spend your money. You could build the Taj Mahal Palace, but if you build it in the wrong location or on the wrong lot, you could be in real trouble. I always tell people to buy the best lot they can afford in a neighborhood that is right for them. Historically, waterfront property experiences stronger growth in value than non-waterfront property. If you like water and can afford it, build on the waterfront. Your long-term investment is more likely to be sound.
You can add enormous value to your home by investing in the services of a competent architect and interior design team. Not only will you enjoy the splendor of a fabulous home, but you also will find a greater return on the money you spent for these services at the time of resale.”
In my entire career of building homes, I have never heard anyone say that a kitchen was too large, there was too much counter space, or there were too many cabinets. Spend money on the kitchen.
Oversize–do not undersize–your family room. Families tend to gather and spend most of their time in the family room. If I were to oversize any room, I would make this room a little larger (rather than smaller) than you think you need.
This room is the owner’s retreat, a place to relax and unwind. Upgrade your master bath’s size and finishes. When you sell your home, this will be an important feature and provide a good return on investment.”
Make sure your rooms are large enough to meet your needs. It is very expensive to come back after your home is finished and add 12 or 18 inches to a room because you’ve just realized it is too small. If you are on a limited budget, it is better to hold off on some of the finishes than cut down the size of your rooms. Later, you can add finishes and the cost may only be slightly higher than if you installed them during the initial construction process.
Never underestimate the value of roomy walk-in closets, linen closets, and laundry rooms.
Excerpt From: Brian C. Baber. “InHome.” Builders Publishing Group, Llc. iBooks.
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