2 Things You Can Do to Keep Your Home in Budget While Building

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First-Time Seller Tips: What You Should Know In Advance

When I put my house on the market, nobody told me about the flurry of real estate agent meetings, showings, open houses, and staging appointments. When you add the paperwork, I was overwhelmed. After the process was over and I left the closing, I decided to create a website that focused on all of those things that I didn't know I'd have to do. My goal for this site is to make sure that other first-time sellers have a resource to learn what they can expect from the sale and closing process. I hope that the posts here help you prepare for your first sale with the confidence of an old pro.

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2 Things You Can Do to Keep Your Home in Budget While Building

20 December 2016
 Categories: , Blog

Building or remodeling your home is something that many people dream of. They have ideas of how to make their home their own and do everything that they can to get it to fit their needs perfectly. When you are building your home you can easily caught up in the excitement of the building and overdo your house in a way that it becomes too expensive and unmanageable for your budget. Here are some things you can do to keep your house in budget while building, but still get the house you want.

1. Initially Only Do Structural Upgrades

When working with a builder, each upgrade you choose is going to be varying in expenses, but one thing is for sure, all of the upgrades will add up. If you are not careful you can easily go over budget because you added in more and more things. For instance, if you have a limited budget you should choose the structural upgrades first and then go from there. Upgrade things like the lighting and electrical, since it is far easier to put wires inside the walls while they are opened, instead of try to do it later. Adding things like paint on the walls, decorative wall designs, casings around the windows and so forth are all simple to add later. This will allow you to still get the house you want, it will just happen over time and will save you from putting too much money into your house and your mortgage.

2. See What Neighbors Have Done

Another thing that you should be careful about is being the best or the worst house in the neighborhood—instead you want to be comfortably in the middle. When someone is coming in to purchase your house later on they will compare it to other houses in the neighborhood. If you are $70,000 over the value of all the other homes you are not likely to get that much out of it. Instead, keep your house right in range of the other homes. If everyone is finishing their basement, you should consider finishing yours too since it will be hard to sell your house for the same asking price if your neighbor has a basement and you don't. By doing this you can keep your home valuable and easy to resale when the time comes.

By doing these things you can keep your house affordable even when you are building your dream home. Contact real estate agents with homes for sale to learn more.