If you are about to build your dream house, it’s important to make choices that you love, but that don’t break the budget! Let’s talk about a few ways to save money when deciding on those dream house features.

Let’s start with flooring. The most common flooring choices in the family room or great room are carpeting, laminate hardwood, engineered hardwood, or site-finished solid hardwood. Carpet is usually the least expensive option, but may need to be replaced in 5-10 years, due to wear. Hardwood is another popular option. It can be expensive, but with proper care and eventual refinishing, can last for the life of the home. High-quality engineered or laminate floors can cost as much as site-finished natural hardwoods, or even more. It’s important to determine what the best investment is for your budget, initially and long-term.

In today’s homes, fireplaces are chosen more often for their visual appeal and the lure of cozy, romantic winter evenings than for traditional heating imperatives. In 1991, 62% of new homes had a fireplace. By 2007, only 51% of new homes included fireplaces. And most fireplaces today are gas, rather than wood-burning. A full, floor-to-ceiling stone surround can be the most striking focal point in your home. But it can get expensive, so you may also want to consider a ceramic tile fireplace, which can also look beautiful as well. (This will also be a big money saver!)

Now let’s talk about built-ins. Beautiful yes, but their price can definitely add up. A beautiful, furniture grade built-in with lower cabinetry, upper bookshelves, and special places for electronics can really make a room sizzle. But this type of upgrade can cost several thousands of dollars. If you simply can’t afford this, talk to your builder about “framing“ in preparation for future additions.

A higher ceiling can make a home feel a lot larger than it actually is, but it does have its drawbacks. If lower heating and cooling costs and more efficient use of space are more important to you than open space overhead, you might agree with the most recent trends that are replacing wide-open ceilings with a full size bonus room occupying that space. This a good option that will definitely save you on your energy bills.