New Home Construction: Budgeting for Furniture and Tools

New Home Construction: Budgeting for Furniture and Tools
May 22, 2012 Russ Busa

Most new homeowners are so preoccupied with building their new home that they forget to make room in their budget for things like furniture, DIY home tools, and gardening equipment. One of the advantages of building a new home is that it usually does not need repairs for years. However, most first time homeowners will need tools and furniture to enjoy their new home. These items can cost thousands of dollars. Here are a few tips to take the sting out of the little extras that go along with new home ownership.

  • Budget for new furniture from Day 1. We recommend including a line item for furniture in your overall home budget. This way you will at least be able to start furnishing your home with a few nice pieces and will give is a more finished feel.
  • Start treasure hunting with relatives and at garage sales before actually building your new home. Storing these items for free can be tricky but collecting all the things to start a new home cheaply pays off handsomely when it’s time to move in. Don’t forget to collect rakes, snow blowers, lawn mowers and patio furniture. An added bonus is that older furniture is often made better than new furniture. Try to choose a style and color scheme when choosing items and be extremely meticulous about both condition and price
  • A new home doesn’t have to look like Martha Stewart immediately! Furniture comes in a variety of grades and it is perfectly acceptable to buy cheaper furniture with the plan of upgrading it in a few years. After living in the house it is easier to determine a style that suits your lifestyle.
  • Insist on hard working furniture. New home buyers are hard workers; make sure the furniture you buy for your home is as hard working as you are. When possible buy pieces that have multiple uses. A good sofa bed can be used for guests and many dining tables make excellent desks. Thinking about multiple uses for furniture translates into useful living spaces for less money.
  • Don’t forget the floors and windows when choosing the details in your new home! Even inexpensive rugs and window coverings can easily double a furniture budget. Sometimes builders offer alternatives like carpet and shutters that eliminate these extra costs. Hard wood floors are beautiful but area rugs are usually needed to define furniture arrangements and make the floor warmer. Moreover, rugs provide noise insulation. When buying large area rugs make sure that there isn’t any noticeable off-gassing.

With a little planning and thought these extra new home costs can be made to fit almost any budget.