Deciding to build your own home is exciting. Designing your home should be fun, for the most part. But paying for your new home . . . Well, that’s where the stress will start to kick in. Just think about everything you will be paying for—every wall, every window, every door, every tile in every bathroom, every faucet and every sink, all of those wires and pipes and nails . . . I don’t mean to stress you out! I just want to emphasize the gravity of the situation. Building a home is a huge investment, so it’s critical that you take the time to sit down and decide exactly where your money is going to go.
Assuming you don’t have an unlimited budget, you’ll have to decide where to save and where to splurge when building a house. So today, we’re going to look at the home elements that are worth a bigger investment.
Where to Splurge When Building a House
- THE FLOORING. Quality flooring (like real hardwood floors) is usually worth the extra money. Flooring greatly affects the look of the interior, for one thing, so you’ll think about the investment every day. It will also last a very long time, assuming you buy a premium product.
- THE ROOF. Again, roofs are expensive but they also last for decades. Invest in a roofing product that will last a long time without much (if any) maintenance. A gorgeous roof will affect your home’s curb appeal as well, and its construction and insulation will influence the temperature inside your home (and thus, the amount of money you spend on heating and air conditioning). Don’t be a cheapskate with your roof; you may end up paying for it later.
- THE KITCHEN. Most families spend a lot of time in their kitchens. If you enjoy cooking and plan to prepare meals in your kitchen everyday, spend some extra money on it. You might choose to go with more expensive appliances or gorgeous granite countertops. Your kitchen investments will surely be noticed by future prospective buyers, so if you’re wondering where to splurge when building a house, head for the kitchen.
- A PROGRAMMABLE THERMOSTAT. Programmable thermostats are not just a fun, convenient new invention. They also have a big impact on how much energy your home consumes. You can set your thermostat to turn off just after you leave the house each day and to kick on before you come home, so you won’t spend extra money heating or cooling an empty house. Although this product costs more upfront, you’ll easily make back the extra money with lower electric bills.
- ENERGY-EFFICIENT APPLIANCES. If you’re wondering where to splurge when building a house, appliances should definitely be near the top of the list. Purchase Energy Star qualified appliances wherever possible. You’ll feel good about your lowered negative impact on the environment as well as your lowered utility bills. Plus, today’s homebuyers are far more eco-friendly than they used to be. If you sell your home someday, most buyers will love that you chose green appliances and they’ll be willing to pay for them.
- SOMETHING YOU ABSOLUTELY LOVE. Finally, go ahead and splurge on whatever it is you’ve always dreamt about—that one feature or item that will make this house feel like home. Whether it’s a jacuzzi tub, a fancy walk-in closet, or heated bathroom floors, go ahead and spend a little extra on those items that will make your home feel extra special.
If you’re wondering where to splurge when building a house, focus on products that are durable, timeless, and worthwhile investments for the future. As long as you keep an eye on your budget, you’re allowed to splurge sometimes.
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