bme107 said:
Be very wary of this price. It is a base price and you will receive "builder's grade" finishes and misc. materials. Most likely you will not be happy with them and will end up tacking on thousands of $$ for materials that you are not embarrassed to show your friends.
One of my best friends was in this exact situation 2 months ago. He had placed a down payment on the lot and then, weeks later, meet with the builder to finalize a floor plan. It turns out that yes the house could be built for the quoted price, but that they would not build it as such. The builder had figured on everyone wanting some of the most basic upgrades, so he ordered/purchased his materials accordingly. It was going to cost my friend more to build this house "custom" with lesser quality finishes and materials.
Jeez, if that's not bait and switch, I don't know what is. I would not have bought from that builder at any price.
I had a spec house built for me last year. My parents had one built for them 2 years ago and my brother had a townhouse built for him about the same time. All three of us had different experiences with their builders regarding upgrades and modifications.
I was severely limited in what I could upgrade. I was allowed ZERO modifications to the home design. I was limited to very simple choices on appliances, flooring, kitchen cabinets, etc. This builder simply would not allow any major changes to their plan. It was sort of "take it or leave it". I liked the house design and I got to pick the lot so I took it.
My parents and my brother had completely different experiences from me. The mods and changes to my parent's house was
eight pages long. Everything from adding a bump-out for the big screen (requiring a roof redesign) to moving walls to eliminating closets to adding doors. After all that the house was still about $150K - base price was about $120K. My brother virtually redesigned the floor plan of his townhouse. He changed about 75% of the layout. He wanted a huge number of upgrades (door hardware, paint color, crown molding, home theater wiring, finished garage, fancy front door, etc). It boosted his price from about $190K to almost $250K. But the builders of both houses were willing to do the work.
Upgrades are great if you can get them and afford them. But things like location, local tax rates, local schools, shopping, etc are more important than a fancy kitchen to impress your friends. Worry less about them and more about getting a house you like at a price you can afford.