Glossary

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Upgrades
Upgrades are enhanced items that go into the design of a new construction home. Typically, builders will offer a base price for a new construction home, and any upgrades that the buyer chooses to include will increase the base price. Each upgrade comes with an associated charge. For example, buyers can choose to upgrade to ceramic tile throughout the entire home instead of carpeting. The builder will advise the buyer as to how much the base price of the home will increase by choosing the upgrade. If buyers are interested in various upgrades, one option is to start with a pre-sold home that already offers some of the upgrades that they are looking for. This may save them money or it may average out to the same as adding multiple upgrades to a basic home price.