Before you can develop a strategy, you must first determine how long you intend on staying in the home. Why is this important? Because the designer options are a money trap, and if you don’t have a plan, your budget will grow quickly out of hand.
1) If you plan on staying in the home less than 5 years, AVOID the following:
a. Avoid personalizing the home with “fad” finishes (i.e. wallpaper, swimming pool, basement build-out, colorful kitchen cabinets, colorful tile kitchen backsplashes, etc). A bright green kitchen may seem like a great idea, but future buyers will be turned off. These are very expensive to change.
b. Avoid cheap flooring. The lifetime wear and tear of cheap flooring is less than 7 years. This will reduce your home’s value when you resell your home. Flooring is very expensive to replace. Get it right the first time.
c. Avoid custom window treatments (i.e. draperies, high end blinds). Most builders will offer faux wood or vinyl blinds. These are standard and will last several years. Custom draperies are very personal and expensive. Plantation Shutters are considered an upgrade, but adds no value in an appraisal.
2) If you plan on staying in the home MORE than 5 years, DO the following:
a. Spend the money on quality items that will withstand years of wear and tear, such as quality kitchen and bathroom cabinets, quality wood floors, quality appliances, garage doors, front door. These items will provide many years of enjoyment, as well as provide you with a higher resale value when you decide to sell your home.
b. Create an outdoor oasis. Extending your living space to the outdoors, will provide you with year-round enjoyment and higher resale value.
c. Invest in landscaping. Hire a professional landscape architect to design a plan for your home. This will provide you with a higher resale value down the road.
It is recommended to develop a Strategy when buying a home. It is critically important to have a plan in place if you intend on building a home. If you have never built a home before, give me a call before you sign a New Construction Contract. IMPORTANT!!!!! PLEASE NOTE: the sales staff in new construction communities are employees of the builder and are not licensed Realtors. They represent the Builder and not you.