Wednesday, August 12, 2009

New Home Upgrades

Buying a new home is very exciting. The thrill of owning your own space, not having to worry about living in someone else's dwelling and not to mention the investment factor. Paying down on a mortgage means more equity in your home and hopefully more money in your pocket one day. But back to the buying process and namely upgrades.

Upgrades in a new home are those things that make your house a home. Those "luxury" items you don't think you can live without in your new home. There are hundreds of upgrades available for new homes, everything from soaker tubs, ensuites, pot lights, fireplaces, different types of flooring, cabinets, knobs, skylights, etc. Although these items help in making your new home look like the model home you've dreamed of, they come at a price. A very high price if you are not careful. It is not unusual for new homeowners to spend in the upwards of $20,000 to $50,000 and more for upgrades. This is fine...if you have the money. The problem with buying upgrades from the builder is that most are of a substandard quality. New homeowners should realize, with time and patience, they can buy upgrades for their homes on their own at a better price and receive better quality. It might take a little bit longer, as most people are short on cash after moving into a new house, but well worth it.
New homeowners should be wary of spending money on an investment they will not see a return on. Spend your money on items that will appreciate your home and you would have spent your money wisely.

Happy Shopping!!

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