When budgets get tight, what are homeowners willing to give up first?

Homebuyers are thinking through their purchases before they make a big decision on a new home.  Here are the Top 5 Things Homeowners are Willing to Do Without:

5. Green Products/Design

Don't take this category at face value. The number of new homeowners opting for Green features that focus on energy savings, cost cutting, and environmental impact reduction are actually INCREASING.

In fact, more homeowners than ever are opting for advanced HVAC heating and cooling systems, superior insulation, and approved (often through ENERGY STAR) appliances designed to conserve water and energy.

The green products that are easier for homeowners to give up include bamboo flooring and recycled glass countertops, which are much higher cost per square foot than their popular counterparts: hardwood flooring and granite countertops.

4. Landscaping

Tight budgets have led to a "Do it Yourself" attitude. More homewoners are seeing the benefit in installing all landscaping on their own, after their closing date.

In addition to saving money on labor costs, homeowners take a lot of pride in putting some sweat equity into their new home.

3. Architecture/Design Complexity

Another feature homeowners are considering more carefully is the complexity of architecture and design. 

This includes opting for a 9/12 rather than 12/12 roof pitch, 2 rather than 5 gables, and standard windows rather than upgraded styles.

2. Finish Details

More and more homeowners are asking themselves, "Do I really need to include crown molding throughout my home, or will it have more emphasis in only one or two rooms?"

Finish details like crown molding, wainscoting, and chair railing can take a back seat during initial home construction, with the intention of adding these special details as weekend projects.

1. Square Footage

The number one item homeowners are willing to cut back on is square footage.

Open floor plans with lots of light and convenient storage solutions are becoming more desirable. 

Homeowners often consider the efficient use of space more important than adding a 5th bedroom or an expanded bonus room.

Read more about new home trends:

Contact Stanton Homes for floor plan ideas, to get a new home cost estimate, or find out more about building a custom home in North Carolina.

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How Much Do Septic Systems Cost? Building a Custom Home in the Raleigh area.

Whether you already own a lot, or need help finding the perfection location for your new home, you may be considering the cost of installing a septic system.

Septic systems are extremely common in the Raleigh area. In fact, most lots larger than 1/2 acre will require a septic system. 

Septic System Cost Can Vary 

Septic systems can also be one of the biggest variables in cost for building on your lot, depending on soil conditions, size of system, type of system, county requirements, and more.  

An experienced home builder like Stanton Homes can look at your septic permit and plot map and give you at least a good idea of what the system is going to cost. 

Typical Septic System Cost in the Raleigh Area

A typical septic system in the Raleigh area can be anywhere from $3,000 to $15,000, with most conventional or pump systems falling in the middle range. 

Is a septic system more expensive than sewer?  The alternative to a septic system, connection to a city or county sewer system (if available), can be more or less than a typical septic system, depending on the jurisdiction and how close the connection is to the proposed homesite.

Make sure to speak with your builder about the septic system allowance for the unique requirements of your lot and floor plan. The number of bedrooms allowed is determined by a Perk Test.

A special system can run many tens of thousands more - particularly if your lot is rated "No Perk" (i.e. unsuitable for a conventional septic system). 

Make sure your lot is a great choice - talk to your builder about getting a free lot inspection to avoid unexpected costs.

Building a Custom Home is Easier Than You Think

 Building a new custom home on your lot (or ours) does not have to be complicated or expensive.

Contact Stanton Homes to receive a free building cost estimate and free lot inspection.

How Much Does it Cost to Finish a Third Floor or Attic?

Looking to add low-cost square footage to your new home or make space for a future  hobby area, game room, sports center, or guest retreat? 

Choosing a floor plan with an unfinished third floor or attic may be the answer.

One of the questions you need to ask is, what is the most cost-effective way to finish third floor or attic space?

The cost of finishing a third floor or attic space depends on several factors, including:

 - Home Size and Price Point

 - Roofline Style and Size

 - Size of the space to be finished

 - Does the floor plan include a staircase?

 - Would you want to add a bathroom?

 - Would you want to add windows or a skylight?

Generally, the minimum cost will be about $50 per square foot.  This will include:

 - Basic lighting

 - Basic electrical outlets

 - HVAC system (which will require an additional heat pump, AC unit, and duct work - the cost for this is usually about $6,000 alone)

 - Insulation

 - Drywall

 - Paint

 - Basic required trimwork

 - Standard level carpet

It can be less cost effective to finish a smaller space, and the total cost per square foot will vary based on the size of the space being finished. 

If you need to add a staircase from the second to third floor, the price tag can become much higher.

The expense of the project can also increase if you need to add any kind of windows or skylights. If you don't plan ahead, you will need to remove siding and roofing, reframe the structure, add the window or skylight, and replace the siding and roofing. 

The cost of adding a bathroom will vary depending on the finishes desired as well as what stage of construction the home is in. If requested at planning stage, the plumber, framers, and electricians will be able to complete all work as they are finishing the rest of the home, resulting in some savings.

A third floor can be a great space for a homeowner to finish themselves over time, with some significant labor savings.  Check with your local jurisdiction to see if any permits are required - you'll want to be able to count the area as finished square footage if you should ever want to sell your home.   

Make sure to get a full price quote before taking on what can become a major project.

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New Home Trends - Are Fireplaces Disappearing?

Number of New Homes with Fireplaces Hits 23 Year Low

Wondering if fireplaces are going the way of the formal dining room?

The number of new homes that include fireplaces is decreasing.   According to the Census Bureau, the number of new homes built without a fireplace reached 49% in 2009, the highest percentage since 1975. 

According to data from the Census Bureau, the number of new homes built without a fireplace in 2009 hit 49%, following a steady trend over the past 15 years.

The year 1990 saw the most new homes with fireplaces since the Census Bureau started tracking in 1973 - only 34% of new homes built in 1990 did not include a fireplace.  Since then, the number of homes with fireplaces has been on the decline. 

The years 1980-1983 saw another increase in the number of homes without fireplaces, after which the number homes with  fireplaces steadily grew until to their peak in 1990.

What could be causing the decline in the number of fireplaces?

Just a few factors that could be impacting the "fireplace decision" could include:

- Cost effectiveness

- Fireplaces no longer used as a heat source

- Entertainment centers as focal points instead of fireplace

- Changing restrictions on woodburning fireplaces

- Low maintanence lifestyle choices

Will your new home include a fireplace? 

As an NC custom home builder, we'll work with you to make the decision that's right for you, and can design a home that includes the features that will make your lifestyle exceptional. 

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