03-14-2013 01:38 PM
Ours was only $170 over the base price...we got a few upgrades, but thankfully the builder was offering $4,000 in upgrades. The main thing we had to have as far as upgrades were blinds...we did not want to mess with installing them ourselves. For other upgrades such as hard wood floors we will do ourselves, much cheaper and with a father in law who owns a construction business we can also get free labor..lol.
03-14-2013 01:43 PM
Well that stinks because the highest we can go is 200,200 through naca! Guess we won't have many upgrades.
Often times builders will give you X dollar amount in free upgrades. I would suggest getting a realtor to help you negotiate so you get the most you can for the money. Also another thing that can cause you to go over the base is the cost of the lot. Some lots cost more than others. The lot we chose was a 15K upgrade but we got it for free.
03-14-2013 03:12 PM
Is the barebones house that much different from the model? What is the main difference?
It really depends house to house and builder to builder. Some include granite while others charge you for the upgrade, and then some that include it offer it in only one color (usually an ugly one) or give you a few choices to pick from.
I will say it's probably almost impossible to buy an stay at the base price, there is always something you'll want or be forced to buy. For us as an exmple, we had to pay a $4100 lot premium but all the lots had some sort of upcharge, there were no "base" lots available.
Other things we got were 8' interior doors (vs standard 6'8"), bay windows in a couple rooms, dining room convered to a den, additional bedroom/teen room, upgraded baseboards/door trim. upgraded kitchen layout/cabinets and a few other things. Ended up spending $55,000 over the base price of the house.
03-14-2013 03:19 PM
We opted to have the builder finish our basement, upping the sq footage by over 1000sqft and adding a 4th bedroom as well as an additional full bath and large rec room. The basement finish added about $35k to the purchase price. In addition to the basement finish we selected structural upgrades such as making the living area an office, and gourmet kitchen with gas hookup. We also upgraded the carpet throughout the house (including the basement), upgraded the cabinets and door/bath hardware (all carried throughout the basement as well) and added tile flooring and walls to the master bath, AC, and stainless appliance upgrades. Including the basement, our final price will be about $60k over base price.
03-14-2013 03:36 PM - edited 03-14-2013 03:39 PM
So now I got curious and pulled out the paperwork to see what exactly did we all upgrade...it's a pretty lengthy list...
8' interior doors
Add bedroom #3 and change former bedroom #3 into teen room
Add exterior French door to teen room
Convert open dining room to den w/ French doors and sidelights
Gas stub for BBQ in the backyard
Upgrade garage door to different design
Bay window at nook
Bay window at master bedroom
Fence return (this was the stupidest thing I've ever heard of...without this the side fence to the backyard stopped at the back of the house instead of coming toward the front of the house, meaning all the bedroom windows would be accessible from the street **bleep**)
Upgraded sink in powder room
2 panel interior doors (upgraded from standard 6 panel doors)
2 panel front door with English Walnut stain
Upgraded bronze door handles
Whole whole lighting package (can lights and ceiling fans in every room)
Under cabinet lighting in kitchen
Upgraded kitchen layout with wall microwave/wall over opening/83" refrig space
Gourmet kitchen upgrade (smooth glide with full extension glides on all kitchen/bath drawers)
3 Pendant prewire lighting in kitchen
Front elevation upgrade w/ veneer stone
Coffee bar in master bedroom
5" baseboards instead of standard baseboard
Kitchen cabinets/drawers handles
Upgraded kitchen cabinets
Upgraded kitchen granite countertops
Upgraded Kitchen-Aid appliances
Satellite TV prewire
Speaker prewire to the patio
...and that's it, I think.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.