- Wedding: MGM Grand Skyline Terrace
I had my home built by a national builder, Taylor Morrison, about 2 years ago.
My base price was $147k. I only spent $3K on upgrades because I read that people over pay for upgrades on new homes and that’s what builders count on. Looking in my neighborhood now, I find that to be very true.
My build time was about 6 months. I signed my contract in April and was able to move in late October.
I was SUPER involved. I had been dreaming about this home for years. I knew what I wanted. I asked for an island and they threw it in for free. My house was the smallest floor plan and they had no problem doing that. I could pick which direction my inside doors would swing, cabinet colors (not just type of wood), carpet thickness, tile color, etc., all for free. I also changed my master tub to a super shower; this wasn’t free but the cost was minimal.
So my biggest regret, funny enough, is that I hadn’t been so CHEAP with upgrades. I researched but the fact is, unless you get estimates before you go to the Design Center, you never know whether it’s more cost effective to have the builder upgrade you or hire after the fact. I ended up paying thousands less on upgrading my floor after the fact (I wanted wood, not tile). On the other hand, a pool would’ve only cost $15K during the building phase, and the same sized pool will cost $25K+ through a regular contractor now. Also, I could’ve upgraded to the highest quality wood for only $750 for the whole house (!!!!) and I declined thinking I was being suckered. Nope. It’ll cost a minimum of $5K to upgrade now, and that’s with DIY installation. There are a few other things I cheaped out on, but they’re not worth mentioning.
Overall though, I actually did the right thing because only 2 years later, I’m moving out to live with my fiancé so my house is super attractive to buyers with my price. I’m $20K lower than the next lowest price in my neighborhood. My neighbors spent a lot on upgrades. I’m one of the few houses without a pool and upgraded tile and cabinets. Those things look nice but my realtor told me that upgrades don’t factor into home value so buyers hesitate to pay a premium for them.
Also, I’m on the opposite end of you! I’m a single person living in a very family oriented neighborhood. I’m not a fan. It is easy to meet other families from what I see. Since we all moved into our “phase” within a relatively close period, we all got to know each other quickly. There are parks, neighborhood sponsored activities, etc. If your builder is big enough, you’ll probably get a school too. They built a school this year less than a mile from my house, in my subdivision. Taylor Morrison provided funding.
I LOVE owning a new home. I’ve convinced my FH to do the same when we buy together. I’m super excited because now I know that if I want more upgrades, I’ll buy low then upgrade and build a pool, have premium wood, add backyard landscaping, etc. I don’t ever want to buy the most expensive plan then upgrade, especially after seeing how it effects resale.