New Construction Home Options
New Construction Home Options choices in Central Florida
Buying a brand new home can be an exciting time for buyers because they have the flexibility to choose what upgrades they want. New Construction home options can be a special lot location, floor plan, elevation, and home features. Home buyers often do not know what to expect when buying an Orlando New Construction home. First you need to understand the definitions, pricing, and particulars when considering new construction home options.
- Standard Options: Standard options are the features that will be in every home and it is included in the “base” price of the home. You definitely can live in a home with standard features however but most buyers want more than just the basics. To see what you will be getting in the home, you will need to look at the Standard Feature Sheet.
- Structural Options: Structural Options is anything that effects plumbing, electrical, foot print of the home, moving walls, or windows, or anything that impacts permitting for the home. Structural Options can be the single most expensive item you can add. Examples of Structural Options are adding a garage, adding a shower instead of bath, adding pendant or more recessed lights, extending space to a garage or bedroom, adding a loft, pre-plumbing for water softner, adding interior or exterior outlets, adding a gourmet kitchen. One of the most common options that buyers choose is extending the lanai. Any buyer selected Structural Options are an additional cost to the buyer.
- Elevation Options: The builders provides 2 to 3 elevation options. Elevations are different facades of the front of the home. Examples of these, are stone work, extra trim, porch or no porch, shutters, different window decoration, or different window sizes. Elevations can also include roof types, shingle vs. tile roofs. There will be a base elevation included in the base price however, selecting any alternate will be an additional cost to the buyer.
- Home Options or Upgrades: These are “improvements” that a buyer can change at an additional costs. There are numerous choices the builder will offer, from different quality of tile, carpeting, carpet padding or granite counters. Changing or adding cabinetry, appliances, molding, doors, door and cabinetry hardware, paint color, energy efficient features, lighting, low voltage options, stair railings, kitchen and bathroom features, towel and toilet holders, shelving, window treatments, ceiling fans to name a few. Builders can have just a few pages of options or several pages of upgrades for the buyer to choose from.
What is not included in the Base Price
While there are always exceptions, most builders do not include Blinds, Refrigerator, or Washer and Dryer in the base price. Buyers can purchase these through the builder or outside of closing. If you purchase your Refrigerator outside of closing you may want to obtain the serial number of the brand to match your refrigerator style with the rest of the kitchen.
Spending Money on New Construction Home Options
It can be a difficult decision where to spend your money on new construction home options. Many buyers cannot afford to put in every single option that is available through the builder.
Buyers do need to realize that production builders have mark up in their new construction home options. Sometimes it makes sense to have the builder install the upgrade and sometimes it does not.
Most home buyers spend about 10% of the base price on additional new construction home options. We are experienced with different buyers budgets from spending $5000 to $100,000+ on options. Let our expertise work for you.
Buyers Broker of Florida can help you sort out which new construction home options will add value and which options will be a waste of money for resale value. Ask us. 407-539-1053
Check out Part 2: Overspending on New construction upgrades.