How Much Do Custom Home Upgrades Cost? | Hedgefield Homes (2022)

How Much Do Custom Home Upgrades Cost? | Hedgefield Homes (1)

Custom home upgrades can cost anywhere from 10-20% of your total home cost. This includes upgrades like fixtures, flooring, countertops, electrical additions, etc. So if you are building a $250,000 home, you would spend anywhere from $25,000 - $50,000 on home upgrades.

(Video) How Much Does it Cost to Build a Custom Home?

When we talk about new custom home upgrades, the cost is largely determined by the type of home you’re building, as well as the number of options and upgrades your Texas home builder allows you to do throughout the home building process. Ask your builder for an upgrade price list so you know ahead of time what each upgrade will cost.

At Hedgefield Homes, we typically build homes in North Texas that value anywhere from $175,000 to $345,000 - not including the cost of land. When we think about new home upgrades and pricing options, we have to put it into that context.

How Much Should You Spend on New Construction Upgrades?

For homes up to $275,000, we usually see 10 - 20% of spending for enhancements like fixtures, flooring, countertops, electrical additions, etc. So if we’re selling a house that values anywhere from $175,000 to $250,000, most of our clients will spend anywhere from $17,500 to $50,000 on upgrades for their home. These options can include room changes, energy-efficient building choices, design material upgrades, etc.

Once we clarify the value and size of home our clients want, we help them think about their build budget, side budget and design budget to make sure they have a clear picture of how much it will cost to build their home.

How Much Do Custom Home Upgrades Cost? | Hedgefield Homes (2)

Which Custom Home Upgrades Will I Be Able to Choose?

There are a lot of options when it comes to home upgrades, but it mostly depends on the type of house you’re building, the builder you’ve chosento buildwith and your personal design preferences for these upgrades.

Common Upgradesby Home Type

Farmhouse Style

- Black, vinyl windows

- Oversized front doors

- Big porches with wooden columns

- Metal roofs

(Video) How Much Does It Cost To Start Your Custom Home Build?


Craftsman Style

- Trim and siding detailing

- Window and door patterns


You can build very affordable homes that are 2,000 - 4,000 square feet, but it all depends on what’s in them. Another common new home upgrade is a tall stone fireplace with a wooden mantel. That may run anywhere from $4,500 - $7,500.

Options Offered by Type of Home Builder

There are 3 types of home builders you have to choose from when pursuing custom home building. The type of home builder you choose will determine the number of options and new home upgrades you can make throughout the home building process.

Production Home Builders

Production home builders offer a set number of new construction upgrades by floor plan. For instance, you may find a 3 bedroom, 2 bath floor plan with a formal dining room. You could upgrade the formal dining room to a study or add a bonus room upstairs for an additional fee.

These home builders will often have model homes for many of their floor plans that you can walk through. On the plan brochure, they will allow you to pick which new home upgrades you’d like for the floor plan you choose.

Then, when it comes to design choice upgrades (i.e. light fixtures, countertops, flooring, etc.), you can choose from a selection of material choices they have. These will go into your home design budget determined at the beginning of your contract.

Semi-Custom Builders

Semi-custom home builders will have a portfolio of home plans you can choose from, but they will be more accommodating in which options and value-added investments you can choose. If you want to move a room to another side of the house, add in a laundry room or extra study, etc., they will usually be able to accommodate such requests - for an additional fee worked out at the beginning of your contract.

You will also be able to choose from a variety of materials (countertops, flooring, tiling, etc.) for the home design.

Fully Custom Builders

Fully custom home builders will allow you to choose whatever options and new home upgrades you want, as long as they make sense with the structural plan of your home. Of course, if it doesn’t, you can rework your plan so it does.

(Video) How Much Does It Cost To Build A House In 2022?

These builders are more expensive than other types of builders, so you have to make sure you’re aware of the costs associated with your choices and changes to plans.

CustomHome Material Options

When you think about your home upgrade options, these can also factor into the design of the home. For instance, you may choose granite over quartz countertops. This is a design choice but also an upgrade to your plan. The same can be said of your flooring choices, lighting fixture choices, etc.

What Custom Home Upgrades Are Worth Getting in a New Home?

If you're looking for the cheapest type of house to build, be careful about how much you spend on custom home upgrades.

Based on the work that we do and considering a typical custom home we build in Fort Worth, Texas, and surrounding areas is anywhere from 1,500 to 2,500 square feet, here are some of the custom home upgrades that are worth getting in a new home, and their estimated price tag.

We hope this new home upgrades price list will help prepare you for how much you should expect to spend on new construction upgrades.

Most Popular Custom Home Upgrades & Prices for New Construction Homes
Typical home size: 1,500 - 2,500 sq. feet

Home Upgrade

Estimated Price

Paving for a Parking Area
4” reinforced concrete

$3,000 - $6,000
(500 - 1,000 sq. ft.)

Gutters and Downspouts

$2,850 - $4,200
(1,500 - 3,500 sq. ft. homes)

Tile Kitchen Backsplash

$600 - $1,200

(Price varies by tile level and kitchen size)

Convert Porcelain Tub/Tile Shower to a 5’ Walk-In Shower

$4,000 - $6,000

Cabinet Upgrades

$3,950 - $5,000

  • Cabinet Hardware

$600 - $1,000 for a kitchen
(Up to $1,500 or more for the whole home)

  • Additional Laundry Cabinets

$1,000 - $1,500

Mud Area Bench with Cubbies & Hooks

$1,000 - $1,500

Upgraded Front Door

$750 - $2,000

Substitute Quartz in Kitchen for Granite

$1,200 - $2,500

Upgrade to Stainless Appliances

$1,200

Energy-Efficient Upgrades; Foam Encapsulation

$6,000 - $10,000

Radiant Barrier Decking

$800 - $1,600

Upgrade HVAC Seer Rating

$3,000 - $4,000

Add Craftsman Casing Package

(Base, door casing and window sills)

$500 - $2,000

Engineered Flooring in the Main Living Areas

$4,000 - $7,000

Additional Electrical Plugs & Outlets

$50 - $250 per plug/outlet

(Price varies by plug/outlet type and placement)

Generator Plugs

$600

Larger Structural Home Upgrades

Add a Powder Bathroom

$8,000 - $10,000

Separate Walk-In Shower & Master Tub w/ Double Vanity

$7,400 - $9,000

Plumbing Fixture Upgrades

$1,000 - $2,500

Oversized Euro Shower

$7,000 - $8,000

Tiled Shower

$5,500 - 7,000

Covered Porch & Patio

Avg. $5,500 - $11,000 for 100 - 200 sq. ft.

(Price varies by porch size & add’l features)

Add 12” Tray Ceiling to a Room

$1,000 - $1,500
(Price varies depending on the room)

Convert Formal Dining into Enhanced Laundry Room and Mud Room

$4,000 - $6,000

Convert to Legacy Elevation

- From all siding to all brick up to wall plate and stone accents in front

- Includes upgraded garage door, front door and increasing wall plate height to 9’ standard

$19,000 - $22,000

Wood-Burning Fireplace

$4,500 - $7,500
(Price varies depending on the hearth and surround type - stone or tile)


Should I Make Each Upgrade Now or Are There Some I Could Add to My Home Later?

If you are conscious of your home building budget and your wish list of additional home features is significant, you may be able to make your choices by considering which new home upgrades you could potentially add later with minimum work and interruption and which custom home upgrade choices would add the most value to your home now.

Which Home Upgrades Add the Most Value to Your Home?

Some of the best home upgrades to increase the value of your home include:

- Open floor plan

- Stone veneer for outside curb appeal

(Video) Cost to Build a House and How to Save Money Building a Custom Home!

- Energy-efficient home features:

- Windows

- Appliances

- Thermostats

- Insulation

- Kitchen cabinets & layout

- Generator plugs


Which Home Upgrades Should I Add to My Home After It's Built?

There are a few ways you can plan for home upgrades later if you are trying to save money on your new home.

  • Plan unfinished spaces
  • Buy cheaper fixtures
  • Forgo outdoor additions

Unfinished Spaces

One way you could save some money but get the option to add your desired upgrade later is asking for some unfinished spaces - i.e. a basement or attic - so you can get the space that will add value to your home but finish out the space at a later time.

Fixtures

Consider choosing cheaper fixtures at the beginning if you are torn between them and more expensive options. Then, once you’ve moved in and have more of a budget to work with, you can go back and swap out those fixtures for the more expensive ones you had wanted.

Outdoor Upgrades

While you may want that specialty driveway or backyard swimming pool, if you’re trying to find ways to save money on your home build or spend your budget on other value-added investments, consider postponing these types of options until later.

(Video) 81k In Upgrades?!?!?! Cost You Should Expect When Building Your Semi-Custom New Construction Home

Conclusion

An important conversation you should have with your custom home builder early on is what is included in their home building price. One of the most common mistakes people make when building a home is not understanding everything that is included in the home building price - and a large part of that comes into play with your new home upgrades. These options have a tendency to push you over your budget unless you are clear from the beginning that these choices are an additional cost.

To help, we have created this Scope of Work Home Planning Toolso you can know from the beginning what you are getting with your money and which options would be an added feature or upgrade.

Want to Learn More About Our Home Upgrade Options? Schedule a Call with Us!

FAQs

How much does it cost to fully upgrade house? ›

Custom home upgrades can cost anywhere from 10-20% of your total home cost. This includes upgrades like fixtures, flooring, countertops, electrical additions, etc. So if you are building a $250,000 home, you would spend anywhere from $25,000 - $50,000 on home upgrades.

How do you pay for extras on a new build? ›

You will be asked to pay a deposit up front when you order your extras, with the balance typically payable on completion. You should not normally be asked to pay in full for any extras prior to exchange of contracts.

How much does it cost to build a house UK 2022? ›

Building costs in the UK start from £1,750 per square metre. And, In 2022, a cost estimation for a house is anywhere between £1,750 and £3,000 per m2.

How much should I spend on house upgrades? ›

You don't want to spend more than 10 to 15 percent of your home's value on a single room. If you spend more, the value of the renovation will not proportionally add to the value of your home. For example, if your home is worth $100,000, the maximum you should spend on a kitchen or bathroom renovation is $15,000.

Can you negotiate with a new home builder on upgrades? ›

Just Ask! Sometimes negotiating upgrades is as simple as asking for it! Many builders offer periodic incentives and special deals throughout the year to help lower your costs and put room in the budget for upgrades.

Can you negotiate with a custom home builder? ›

In most cases, builders won't be swayed when it comes to negotiating the price of a new build home, but every so often, you may luck out with a discount. When the builder has an excess of inventory of completed homes—more homes than there are purchasers—they may apply a discount to those homes.

What adds most value to a house? ›

What Home Improvements Add the Most Value?
  • Kitchen Improvements. If adding value to your home is the goal, the kitchen is likely the place to start. ...
  • Bathrooms Improvements. Updated bathrooms are key for adding value to your home. ...
  • Lighting Improvements. ...
  • Energy Efficiency Improvements. ...
  • Curb Appeal Improvements.
24 Mar 2020

How can I increase my home value 2022? ›

Top Home Improvements That Add Value in 2022
  1. Garage Door Replacement. A new garage door updates the look of the home and adds to curb appeal. ...
  2. Manufactured Stone Veneer Installation. ...
  3. Minor Mid-Range Kitchen Remodel. ...
  4. Fiber-Cement Siding Installation. ...
  5. Vinyl Window Installation.

How much discount can you ask on a new build? ›

Latest analysis shows that buyers of new build homes are currently negotiating a typical discount of around 14% from the asking price.

How do you get free upgrades on new builds? ›

How to haggle with a developer for extras and freebies
  1. Always be polite and respectful.
  2. Respond quickly to any questions.
  3. Write a list of questions before you meet a developer or look round a property, and ask them all.
  4. Be confident, even if it's all new to you.
11 Mar 2019

Are new builds overpriced? ›

For lots of different reasons, new builds will almost always be cheaper to run. Things don't tend to break as often they're brand new and if they do they will be replaced/fixed. You're therefore spending less money each month on repairs.

Is it cheaper to build than buy 2022? ›

But building a house is still more expensive than buying one. Existing home prices are 15% higher in 2022 than last year. But building material costs have gone up 19%. And thanks to inflation, builders are also paying more for other things they need to build houses, like workers, fuel and marketing.

Is 2022 good year to build a house? ›

Barring any unforeseen calamities, 2022 could be a good year for homebuilders and buyers. However, the effects of inflation, new COVID variants, or other market disruptions could change everything.

Is it better to build or buy a house 2022? ›

Is it cheaper to build or buy a house? As a rule of thumb, it's cheaper to buy a house than to build one. Building a new home costs $34,000 more, on average, than purchasing an existing home. The median cost of new construction was $449,000 in May 2022.

Is $100000 enough to renovate a house? ›

Tell me the average cost of a house remodel? According to HomeAdvisor, the cost of a remodel was estimated at approximately $46,755. If this figure has to be included homeowners who complete only one or two projects at one time. Most homeowners should spend somewhere between $100,000 and $200k for a house renovation.

Is $50000 enough to renovate a house? ›

A more realistic budget would be around $50,000 – this allows you to do more than make changes in only one space. For under $50,000, you can make several renovations to a home and increase its value significantly, especially if you know how to cut costs without compromising on quality.

Is 20k enough to renovate a house? ›

Replacing or refinishing the flooring, painting or wallpapering the walls and ceiling, and building or redesigning the closet space are aspects of the main bedroom that have a good recoupment on investment and impact on your daily life, says Fisher. Those projects can easily fit in a $20,000 budget.

Should you tell a builder your budget? ›

Some may find it confronting, or even rude. But the truth is, it's crucial for your builder to understand your budget to create a home that fits your price range and needs. Some people worry if they reveal their budget, a builder will increase the project price to make more money.

Do you have to pay full asking price on a new build? ›

Just because a new-build property is new, it doesn't mean the asking price is non-negotiable. You can make an offer in the same way you would if you were buying an older property. Of course, it's up to the developer if they wish to accept a lower offer or politely decline it.

How much will Builders negotiate? ›

Once you have all the quotes, let the developers know your offer price. "Your initial offer can be up to 15% less than the quoted price, but you should be willing to settle for a discount of 7-8%," says Nair of JLL. "Submit an offer to purchase the apartment even if you are not sure that the developer will accept it.

What should you not say to a builder? ›

Seven Things to Never Say to a Contractor
  • Never Tell a Contractor They are the Only One Bidding on the Job. ...
  • Don't Tell a Contractor Your Budget. ...
  • Never Ask a Contractor for a Discount if You Pay Upfront. ...
  • Don't Tell a Contractor That You Aren't in A Hurry. ...
  • Do Not Let a Contractor Choose the Materials.

How can I reduce the cost of building a custom home? ›

Reducing the size of the house will reduce the construction cost, but reducing the size by 10% may only reduce the cost by 5%. Use with caution. Lower Quality: All other things being equal, a building constructed to the bare minimum according to building codes will be the least expensive.

How can I save money on a custom built home? ›

Value Engineering
  1. Reducing Square Footage. One way to dramatically reduce costs is to just reduce the square footage of the entire home. ...
  2. Choosing a Stock Design. ...
  3. Reducing Lineal Feet of Logs. ...
  4. Opt for a Simple Roof System. ...
  5. Use Drywall on Interior. ...
  6. More Modest Kitchen. ...
  7. Don't Take a Bath on Your Bath. ...
  8. Avoid Change Orders.

What brings down house value? ›

Changes in the real estate market can lower the value of your home. Natural disasters and climate change can lower your property value because the property is a greater risk to purchase. Foreclosures in your neighborhood can also drive down property value.

What renovations decrease home value? ›

Here are some common home improvement projects to avoid because they could decrease the value of your home: Too much wallpaper. Built-in electronics. Wall-to-wall carpeting.

What should you not fix when selling a house? ›

Fixing cosmetic damage

Sure, peeling paint, a weathered back door and scuffed floors may make things look a little run-down, but if you are looking to save some cash on repairs and renovations, you'll rather want the money to be put to good use.

What renovations do not add value? ›

  • 6 House Improvements To Avoid. ...
  • A Swimming Pool Or Hot Tub. ...
  • Elaborate Professional Landscaping. ...
  • Garage Conversion. ...
  • Unique Wallpaper. ...
  • Sunrooms. ...
  • Bedroom Conversion. ...
  • 4 Renovation Projects To Increase Home Value.
12 Sept 2022

Should I wait to renovate my house 2022? ›

There's a major shortage of common building materials, and that shortage has led to an uptick in pricing. Things are so bad that even paint costs are on the rise. You may want to put off your next home improvement project until 2022. Doing so could end up saving you a bunch of money.

Which renovations add the most value? ›

Consider these renovations as ways to increase your home's value:
  1. Boost your curb appeal. ...
  2. Add livable square footage. ...
  3. Add a double-sink bathroom vanity. ...
  4. Install a kitchen island or walk-in pantry. ...
  5. Build or convert a home office. ...
  6. Expand your outdoor space. ...
  7. Build a backyard ADU or in-law suite.
4 Feb 2022

How do you get 15% discount at builders? ›

8.5 In the event that you do not have an existing Online Account then you will receive a 15% (fifteen percent) once-off discount voucher on sign up, off your first online purchase on the Website only, up to a maximum discount of R1 500.00 (one thousand five hundred rand).

How do you get a builders quote down? ›

Here are our top 5 tips on negotiating the right way with a builder to get the best result possible:
  1. Plan Everything.
  2. Do Your Own Research.
  3. Always Be Fair.
  4. Haggle With Your Builder.
  5. Don't Forget Contracts.
15 Apr 2021

How do I ask a contractor for a lower price? ›

How to Negotiate with a Contractor
  1. Set the Right Tone. ...
  2. Talk with Previous Clients. ...
  3. Get Multiple Bids. ...
  4. Get Details in Writing. ...
  5. Be Clear About Your Budget. ...
  6. Ask for Help Trimming Costs. ...
  7. Be Creative About Reducing the Price Tag. ...
  8. Know Who to Call if Things Go Sideways.
10 Jun 2021

How much did you spend on builder upgrades? ›

On average, you can expect to spend 20-25% of the base cost of your new home on builder upgrades. This cost will include both structural upgrades and finishing upgrades.

Do you pay a premium for a new build? ›

If you're buying a new home, the builder will typically charge something called a 'new build premium'. This means that you can expect to pay more for a new property than you would if you bought an older property of the same size/in the same area.

Do new homes lose value? ›

For this reason, many mortgage lenders will only agree to loan you a lesser amount (generally less than 90%) of the current value of the property for a new build home in comparison to an existing home of the same value since there is always an expectation that the property will come down in value in the first few years ...

How much money do you lose on a new build? ›

Are New Builds Harder to Sell? On average, new builds sell for 10% more than the typical home.

Why older homes are better? ›

Old homes have better-quality construction

Even the walls are likely different. In an older home they're probably built with plaster and lathe, making them structurally stronger than the drywall construction of modern homes. These older materials also provide a better sound barrier and insulation.

Is it better to buy an older or newer home? ›

Paying more upfront may be worth it for the lower maintenance and utility costs these homes incur over time – but if high upfront costs won't work in your financial situation, you may be better suited for an older house, as they usually require less money upfront and will allow you to stagger home maintenance costs ...

Will building materials go down in 2022? ›

In July 2022, the year-over-year change in materials and components for construction, excluding capital investment, labor, and imports was 14.8%. The growth rate of increase had dropped, but that has changed. The August figures show that combined materials and components in construction were up 15.2% year over year.

Will 2022 prices go down? ›

Even as demand plummets, extremely low supply will likely keep prices from falling significantly. Prices may drop slightly in 2023, as high mortgage rates keep demand low. Most major forecasts predict that home prices will end 2022 between 6% and 10% higher than they were a year ago.

Will construction costs fall in 2022? ›

Like many sectors, the construction industry will not go unscathed. 2022 has seen a continual rise in construction material costs and the most recent Building Materials & Components Index reported a 16.7% increase for “All Work” for September 2022 year on year.

Should I wait till 2023 to build a house? ›

Interest rates and building costs are not forecasted to decrease into 2023, and could even continue rising. The market is volatile and world events are unpredictable, so it is likely that building sooner could save you money in the long run.

What is the best month to build a house? ›

While spring is an ideal time to start building a home, the fall and winter months are usually when building materials and construction costs are lowest because there is less demand.

What year will be the best time to build a house? ›

The good news is that the fall and winter months are often when building supplies and construction costs are lowest due to lower demand- this means you can get started on your new home at just the right time! Building houses during the winter months can have its advantages.

Will construction costs go down in 2023? ›

The silver lining to the Fed interest rate increases is that they have dramatically slowed the pace of cost increases we were experiencing that at one point were increasing at close to a 20% increase year over year. We anticipate overall construction costs to increase at a normal pace between 2% – 4% in 2023.

Why you should wait until 2022 to buy a house? ›

It's becoming harder to buy a house as prices are up year over year, and mortgage rates are soaring in 2022. At the same time, consumer prices on everything are also on the rise making it even more difficult to save money to buy a house next year.

Is it cheaper to build up or out on an existing house? ›

Here's the bottom line: When building new construction, building up with a two-story home is cheaper than building out. When remodeling, building out with a one-story addition is cheaper than adding a second story to an existing dwelling.

Is it cheaper to add on to a house or build up? ›

Building out is significantly less expensive than building up. On average, it costs between $140 to $180 to expand your home's footprint outwards.

How much does it cost to fully upgrade house ACNL? ›

Once you've paid in full, speak to Nook to start renovations. Speak to him again once the project is complete to get the price of your next upgrade. The total cost for a fully-upgraded home is 7,595,800 Bells.

Is it cheaper to build a house or renovate one? ›

As a rule of thumb, renovations are often less expensive than building new.

Is it cheaper to build up or out 2022? ›

In most areas, building outwards is significantly cheaper than trying to build upward, but it often depends on the price of real estate and labor in your area.

What is the most cost efficient style of house to build? ›

1. Ranch Homes. Ranch homes are the most popular home style in the U.S. They're another rectangular-shaped house, though they come in “T” or “L” shapes, too. A home with a simple and concise layout is the cheapest type of house to build.

What addition adds the most value to a home? ›

What Home Improvements Add the Most Value?
  • Kitchen Improvements. If adding value to your home is the goal, the kitchen is likely the place to start. ...
  • Bathrooms Improvements. Updated bathrooms are key for adding value to your home. ...
  • Lighting Improvements. ...
  • Energy Efficiency Improvements. ...
  • Curb Appeal Improvements.
24 Mar 2020

What is the cheapest way to add value to your home? ›

A few simple, inexpensive home improvements can add major value to your home.
...
Consider making these updates in your first year of homeownership:
  1. Make basic repairs. ...
  2. Paint. ...
  3. Install new floors. ...
  4. Spruce up your ceilings. ...
  5. Update fixtures and hardware. ...
  6. Add low-cost landscaping.

How much does it cost to add a bedroom and bathroom to a house? ›

Adding a bedroom and bathroom to your home typically falls in the $35,000 to $84,000 range, depending on the room size, features and material quality. These projects are usually $80 to $200 per square foot.

How many bells is the last house upgrade? ›

The 10,000 bells must be paid all at once, directly to Tom Nook, instead of at the Post Office like later payments. Once the home is built, the player will be tasked to pay off the reminder of the debt owed to Tom Nook, which in total has the player paying about 39,800 bells for the expansion.

How much is the 3rd house upgrade ACNH? ›

The last first floor expansion is the third room, which Tom Nook will propose to build on the right side of the house. This will make a right side door appear on the first floor of the house for the player to access the room through. With a price of 758,000 bells, this room is standard size as well at 36 squares.

Is 2022 the time to build a house? ›

Yes 2022 can still be a good time to build your custom forever home, despite rising costs and interest rates. Building your custom home is an investment in your family's lifestyle and should be looked at as a long term financial & lifestyle decision of living in your forever home for 5 or more years.

Is it better to fix up the old house or build a new one? ›

A home renovation can increase the size of your house, provide better functionality and, depending on the scope, be affordable. On the other hand, building a new home from scratch could net you your dream home and possibly lower some long-term costs.

Videos

1. NEW BUILD UPGRADES & DESIGN CENTER TIPS + WHAT WE CHOSE & HOW MUCH THEY COST
(ASHLEY ELYSE)
2. How Much Does it Cost to Build a Custom Home? | That Fit Team
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3. **NEW CONSTRUCTION HOMES**How much do UPGRADES actually COST??? 🤔
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4. How Much Does it Cost to Build a Custom Home| REAL ESTATE BUILDING ADVICE
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5. The Most Important Upgrades for New Construction Homes. BEST and WORST Upgrades when Building a Home
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