Building a new home is a pretty big undertaking and not just in terms of money. You’ll also invest a lot of your time, energy and thought before you turn the key in your new front door. Part of this ambitious adventure will be figuring out allowances. Lighting, flooring and appliance allowances are pretty straightforward; the allowance for cabinets and countertops may not be, so you’ve got to do your homework.
A good rule of thumb is that the kitchen and bath cabinets and countertops should cost from 4-6% of the purchase price of a new home. This means that if you’re building a $250,000 home, the cabinet and countertop allowance should be between $10,000 and $15,000. If your builder tells you the allowance is $7,500 on a $250,000 home, you need to ask some questions before you sign the contract. Allowances give you some freedom of choice, however it’s also a limit. Choose your options judiciously, do as much research as possible and plan ahead.
With most new construction, a contractor often deals with one dealer or outlet for cabinets. Find out where it is, then stop by to see if the styles, finishes and quality you prefer are available. Look at your home’s floor plan and see what details are indicated. Are there decorative panels on the ends of the island? Are crown molding and light rail specified as part of the plan? What storage options are included? Are there added conveniences like a pull-out trash can? What would it take to get glass doors on a few of the wall cabinets?
As a buyer, you need to get as much detailed information as you can get; any reputable builder or contractor won’t hesitate to answer your questions. Keep in mind that once construction is underway, changes can mean delays as well as extra expense, so doing plenty of research can not only save you from some serious headaches, it can save you some serious cash as well.[/vc_column_text][/vc_column][/vc_row]