The following terms can alert you to additional costs in new construction:

  • Options = upgrades (at additional cost)
  • Owner Choices = allowances (the builder's allowance is always for the lowest price available)
  • Craftsmen = subcontractors
  • Change Orders = extras (don't fall for "You can change it later" -- change orders are very expensive!)
  • Builder's Margin = builder's profit
  • Less Expensive = cheaper
 

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