Building a custom home in Colorado has terrific advantages over buying pre-built homes, especially in the current real estate market in the state, where homes currently sell for 36% more than the U.S. national average. Building a custom home provides a blank canvas with which you design from top to bottom. You never settle for the designs someone else loved, but instead, bring your own visions to life. Choosing which areas to splurge on and which areas to save money on when designing a custom-built home is challenging for many people who are in the process of building their custom homes. With luxury splurges like solar panels, high-end appliances, in-ground swimming pools, heated floors, media rooms, and custom cabinetry, it’s not easy to pick and choose where to spend and where to save. If money were no object, most builders would add luxury after luxury to the home without giving it a second thought.

Most people have limited budgets in place during the luxury custom home building phase, meaning they need to choose which features they want to splurge on well ahead of the start of the project. Invest in areas of the home that are expensive or impossible or nearly impossible to change later and save money on other areas. By investing your money in these areas of the home you can feel good about spending more money since you know it benefits the home day after day and year after year. Following this plan ensures you create the home of your dreams without going so far over budget it puts you into major debt.

What to Consider When Choosing Luxury Splurges In Your Custom Home

Luxury splurges change the dynamics of a home so there are a few considerations to keep in mind as you decide what to add to the new Colorado custom home. What you love might not appeal as much to other families and can cause a decline in value, difficulty selling in the future, and other problems. Considerations to think about before choosing luxury splurges should include:

• Budget: If money were limitless, homebuilders certainly would opt for every luxury that caught their eye. Unfortunately, budget is the most important aspect of building a home most people face. Decide how much of an impact the luxury splurge will affect your budget. Although going over budget is anticipated during the home building process, you want to stay as close to the original numbers as possible. Otherwise, you risk getting in over your head before you even move into your custom-built home.
• Neighborhood: If the luxury additions you want to add to the home affect the style of a neighborhood, especially in historic districts, you may want to reconsider. Not only will building such a home likely upset neighbors, but it also may not get building approval. Make sure the additions you want are not eccentric! Always consider the neighborhood in which you are building when making decisions on the features you splurge on.
• Future Owners: Needs and lives change which may cause the need to relocate in the future. Should you decide to sell the home, how will the luxury splurge items you’ve added affect the price and interest in the property?

Where to Splurge

Denver Urban Builders is licensed, insured, and bonded, specializing in building custom luxury homes for families who expect the unexpected in design. We know the Colorado housing market and the best areas to invest in when designing your custom home. Our expertise allows us to help families just like yours build homes that exceed expectations without breaking the bank.

Take a look at seven areas of the home we recommend you splurge. Investing more money into the following areas ensures you spend your cash wisely on items that add long-term value to the home.

The Kitchen

The kitchen is often the heart of the home, the place where delicious meals are cooked and served, but also an area where families interact with one another and entertain friends, especially during holidays and special occasions.

Unsurprisingly, the kitchen happens to be one of the most expensive rooms to design in the home. Considering the amount of time we spend in the kitchen, however, it is easy to understand why investing money in this area makes financial sense.

Investing more money into areas of the kitchen allows you to create a space that meets your needs and those of your family while enjoying long-term value.

There are tons of kitchen splurges that are worth the money. To decide which splurges best meet the needs of your family, create a list of things you need to live comfortably. Could you benefit from an oversized kitchen island? Perhaps you love the idea of stainless steel appliances.

Additionally, consider the space available in the kitchen. Since so much goes on in the kitchen, it must offer enough space to prepare food and cook meals comfortably, but a little extra to accommodate gatherings and special occasions when the family comes together. Choose a layout that works for you, not against you. The experts here at Denver Urban Builders can help recommend kitchen layouts that do more for the allotted space.

The finishing touches of the kitchen should reflect the style you want. It should make you happy and proud to show off to other people. Whether you prefer a Midwest design or like modern elegance, choose the right finishes to help create the perfect place.

Choose elegant backsplash, granite or marble countertops, or custom cabinets to create the aesthetics you crave. Hardware additions can drastically enhance the aesthetics of the kitchen at an extremely low price.

Flooring

Some experts say flooring is an area to save money on. We disagree. Flooring can be expensive to repair or replace, can create unpleasant aesthetics in the home, and cause other headaches. Choosing cheap materials now results in problems much sooner and often far worse than you would experience with higher-quality flooring.

The numerous flooring options ensure every homeowner can find something that meets their budget and style requirements. It is worth learning more about the many flooring options and investing your money here since it affects so many areas of our lives. Flooring affects the look, comfort, and even resell value of the property.

Hardwood flooring wins over the flooring battle in many custom-built homes in Colorado. Hardwood is a great option for any family, particularly those with pets and kids. High-end wood laminate looks great in most rooms of a home. It is easy to care for, lasts 20+ years, and is extremely durable.

In the kitchen, mudroom, and bathroom, choose a flooring material such as tile. It works wonders in moisture-prone areas. It’s available in assorted styles, is durable, and adds great appeal to a room.

Lay carpeting in bedrooms and living areas. It is more comfortable than other flooring options, especially when kids are part of the clan. Like other flooring materials, carpeting comes in assorted colors, styles, textures, and budgets accommodating every Colorado homebuilder.

Storage Space

What seems like an enormous amount of space initially often becomes too little the longer a person or family lives in a home. Children’s clothing, toys for the pets, old electronics, books, lawn equipment, sports equipment, and a laundry list of additional items can take up considerable amounts of space in the home or garage. Plan to include storage space in your new home construction.

Storage space is considered a premium since many homes are very limited in their offering. Splurge on storage space such as larger closets or even additional closets, shelving, and overhead storage in the garage to ensure your home stays neat and organized for years to come.

Outdoor Space

Many families enjoy the outdoors and want to spend as much time as possible soaking up the sun. Creating the perfect outdoor space can help your family live an active outdoor lifestyle. There are many outdoor features to consider splurging on when building your home.

If you enjoy entertaining friends and family, invest in an outdoor entertaining space. Such as space is inviting and comfortable, making all your gatherings a little more exciting. Comfortable seating, outdoor kitchens, and an in-ground pool are among the luxury splurges that could be valuable.

Other possible luxury splurges for your outdoor space include:

• Patio with built-in ceiling fans
• Home theater system complete with speakers

Need more ideas for your outdoor entertainment area? Denver Urban Builders is one call away, ready to learn your wants and needs and help you learn the best additions based on this information.

Windows, Doors, and Insulation

Energy-efficient windows keep out some of the strong winds we experience throughout the year here in Colorado. This creates a more comfortable home space and cuts down on energy costs, potentially saving homeowners hundreds of dollars per year. Expect a 70% ROI on new windows!

Investing in quality doors can also help create a more inviting property while cutting back on energy costs. This is especially true of the front door, which keeps out intruders, increases curb appeal, and of course, adds more energy efficiency.

Energy-efficient insulation also benefits a newly-built home in ways you may not realize. Sure, insulation cuts costs of energy bills and creates a more comfortable environment for your household, but there are other exciting benefits like:

• Fire protection
• Reduces pollutant emissions
• Reduces noise levels

Insulation protects the household from fire dangers as it reduces the risk of structural damage to the home in the event of a fire. Insulating your Colorado custom home is one of the best investments you can make as a homeowner.

It is impossible or nearly impossible to change these areas later down the line, not to mention extremely expensive. That’s why investing in these splurges now is important. You’ll keep the home safe and structurally sound so there are fewer things to worry over.

Add Value to Your Colorado Custom Home With These Luxury Splurges

Choosing the right luxury splurges for your custom-built home -such as the five listed above- ensure you enjoy your investments now and receive long-term value in the future. You’ll spend more money now but benefit considerably from that decision since there are fewer repairs and replacements needed to these areas later down the road.

It doesn’t seem so traumatizing to splurge on luxuries for the home when you know they offer long-term value. You are spending money on the things that you love while benefiting your future. What could be better?

The many luxury splurges available to add to a home can seem overwhelming, especially to families with limited budgets. The splurges on our list narrow down the choices to a few that not only add charm and comfort to the place but also long-term value. Investing more money in these recommended areas of the home ensures your place is just as enjoyable now as it will be in 20, 30, 40 years or more from today.

When you are ready to build your custom home in Colorado, call Denver Urban Builders at 720.902.5773, email us at estimates@denverurbanbuilder.net or schedule a call through our website.