New Home Tips, Trends, and Ideas - Raleigh Custom Home Builders

Market Trends: What are Homeowners Giving Up to Stay on Budget?

Posted by Penny Hull on Fri, May 06, 2011 @ 14:05 PM

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.Hardwood Flooring

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.

Landscaping

 

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 considRooflineering 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?"

Wainscoating Small

 

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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Tags: homes in raleigh nc, building a home, new homes raleigh nc, raleigh new home

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

Posted by Penny Hull on Fri, Mar 04, 2011 @ 09:03 AM

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?

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

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?


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

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 trim work

 - Standard level carpet

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

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.

 

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

 

Tags: new home trends, homes in raleigh nc, building a home, floor plan modifications, custom floor plans