How to Get Maximum Value Out of New Home Construction

Home Builder

Building a new home from the ground up is an exciting opportunity. You have the flexibility and creative capacity to fashion a new home with your favorite flooring, cabinets and windows. Eventually, after living there for a decade or so, you may look to sell it and relocate. 

When choosing your design elements, you’ll want to consider how to get the maximum value out of your new home construction. If it’s within your budget, you may want to upgrade the materials used right from the start or keep your walls and decor neutral for higher resale value.

Choose Upgrades Wisely

Starting fresh from the foundation allows you to personalize your home. Keep in mind that not all upgrades will add retail value. They may have sentimental or personal importance to you but can be detrimental if you sell the house years later.

Here are a few upgrades to consider for new home construction that will add value: 

Flooring: Your floors are walked on every day. They should be able to handle spills, stains and dirty paw prints. Natural hardwood flooring lasts longer than laminate because of its durability and because it can be sanded down and resealed to look brand new. Also, it may be useful to add soft, stain-resistant carpeting.

Lighting fixtures: Lighting is vital in any house. When you think you have enough lights, think again. It’s good to have more than you think you will need, especially in kitchens, bathrooms or office spaces. Add dimmable lights to add value to your home as well.

Windows: You should have high-quality windows installed in your new home as well. Natural light adds so much to a house and provides multiple health benefits, so consider adding as many as you can. Plus, the expense to replace windows is relatively high, so putting high-performance versions in at the start will save you money down the road.

Closet space: Be sure to build in more closets to maximize your home’s value. Even if they take out a few square feet from a room, it’ll be a place to store all your items and keep the rest of the home tidy and clutter-free. 

If any of these upgrades are within your budget, do them. It will maximize the value of your newly constructed home.

Budget All Costs

Various expenses go into new home construction, so make sure you budget for everything. For example, it’s up to the homeowners to either landscape themselves or hire a landscaping service after the home is built. It’s not the job of the contractor to add in bushes and flowers. Carefully read through the builder’s contract to make sure you know what is included so you can plan for items outside of the contract. 

Anticipating and planning for future costs can help get the maximum value out of your newly constructed home. Future value increases when you know you need to add lighting fixtures and landscaping, and you can adequately pay for them. If you sell the house, all those extra items will already be completed for the buyers. 

Additionally, it’s best to be realistic with what you can afford, including the materials used in the home and even your mortgage. Again, when you know what expenses lie ahead and can budget them in, the home’s value will be maximized. 

Keep It Neutral

If you know you’re going to resell the home in a few years, keep the walls and decor neutral. Too much personalization may make the home more challenging to sell.

Keeping the finishes neutral will save you money when you sell the home because you won’t have to repaint walls or switch out the doors. Neutral homes provide the most value. It allows future buyers to see potential with their own personalization.

Maximize Your New Home’s Value

The great advantage of purchasing a newly constructed home is that you can add value before it’s even finished. When it comes time to sell, all the hard work is already complete.

Comments (0)