Where to Splurge / Save Money when building your Home

Knowing smart ways to save can actually help you get MORE of what you REALLY want when building a home!

Saving money when building a home may seem like an oxymoron, but it can be done!

I believe you can get your dream home and stay on budget if you spend/save wisely.

We built our home with champagne tastes on a beer budget, with a little creativity, DIY, smart shopping and using every penny wisely.

When you get all your ducks in a row and you’re ready to start building your dream home…and then the lumber bids come in:

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So now what?

Let’s take a deep breath and be smart about how we save money while building

I definitely have opinions about smart ways to SAVE and where it’s best to splurge when it comes to building a home.

But I wanted to get input from others as well, so I polled my Instagram Fam.

I’m sharing the full list with you without regard to my personal opinions. For MY personal viewpoint, keep scrolling down.

Also, you’ll notice some of the same items on both lists…it’s all about personal preferences and what might be important to one person, isn’t as much to another.

So without further ado, here are the results of that poll:

Where to SPLURGE When Building a Home

(some answers were repeated multiple times. I have made note of the more popular answers)

• Good Paint
• Quality Cabinets (popular answer)
• Cabinet Hardware
• Windows
• Kitchen (popular answer)
• Bathrooms
• Skirting, Architrave
• Ceiling Height
• Drawers (vs Lower Cabinets)
• Big Screened in Porch
• Countertops
• Metal Roof
• Vaulted Ceilings
• Solid Wood (vs MDF)
• Footprint of the house
• Flooring (popular answer)
• Millwork (AKA Trim work)
• Pocket Doors
• Lighting
• Garage Space
• Appliances
• Insulation
• Exterior Doors
• Painter
• Basement
• Central Vacuum
• Heated Tile Floors
• Porch(es)

Where to SAVE when home building

• Lighting Fixtures (easy to change, styles change often) (top answer)
• Faucets/Fixtures/Taps (easy to change later)
• Landscaping (easy to add later and in phases)
• Hardware (easy to change)
• Windows
• Bathroom fixtures
• Bathroom vanities (do not need to be custom)
• Appliances
• Flooring (LVP vs Wood)
• Built-ins (can be added later)
• Wall Treatments/Accent Walls/Extra Trimwork
• Carpet in bedrooms instead of wood
• Labor (what work can you do yourself?)

>>My two cents about where to pinch pennies<<

(see what I did there?)

I can categorize my recommendation for splurges in the following categories:

• Things that are difficult to add or replace later
• Where you see it/use it the most
• Where it has the potential to save you money over time

Spend Money on Things that are difficult to add or replace later

This would include square footage to a certain extent, although if you have to sacrifice ALL your favorite finishes to get the square footage, then you should definitely consider reducing your footprint.

When it comes to the sizes of rooms, be reasonable about the sizes and how you will use the space, place furniture.

Cut out your furniture to scale (usually 1″ = 4′ on the plan) and try arranging it in the space. Is there room to walk?

Another thing that is difficult to change later are cabinets. If you replace cabinets, you also will most likely need to replace your counters too and that is a very large expense, not to mention the demo involved.

Where you see it/use it the most

• (kitchen) cabinets
• flooring
• kitchen/pantry – size and finishes
• Public areas like Living Room, Dining Room, and Kitchen

Where it has the potential to save you money or make you money over time

• Insulation
• Efficient A/C
• Kitchen – we have all heard that kitchens and baths are key when it comes to selling a home
• Bathroom – see above

Here are my thoughts about where to SAVE money when building a home

• Save on things that are easy to add replace later (little to no demo required)
• Save on finishes in secondary areas
• Save on items whose styles change more quickly
• Labor (Check out this post about being your own General Contractor and this one about Important Questions to Ask yourself to save money when building a home

Save on things that are easy to add replace later

• Landscaping
• backsplashes
• faucets – easy to swap later
• built-ins
• Glass Shower doors and enclosures (assuming the water isn’t going to cause damage without them.)
• Wall treatments and trim
• Lighting fixtures
• Appliances (This post talks about how we saved thousands of dollars on one appliance when building)

Save on finishes in secondary areas that will be seen less often

• laundry and mudroom
• kids spaces (they will likely need updates later from wear and tear) – I’ve added some trim and details to our son’s room and daughter’s bedroom since we’ve moved in and our wallets have recovered a little
• Basement
• closets

Save money on items whose styles change relatively quickly

• hardware on cabinets
• lighting fixtures

Ultimately you will need to decide what’s most important to you. You may find this post helpful MONEY SAVING QUESTIONS TO ASK WHEN BUILDING A HOME when prioritizing your wish list.

This post may also be useful for gathering ideas and deciding what is most important to you NEW HOME MUST HAVES

Don’t miss any tips, ideas or inspiration! Be sure to follow me on social media! You can find me on Instagram, Pinterest, and Facebook.

Don’t miss any tips, ideas or inspiration! Be sure to follow me on social media! You can find me on Instagram, Pinterest, and Facebook.