Working with builder/allowances (hardwood floors, appliances, homes)

[westburbsil]

Hello, my spuose and I are building a home in the western burbs. It is currently under construction. The purchase price in the contract was 740K.

We paid him a check for 9K extra for some more things to be done. Was going to be 15k, he gave us a 6K break in price at time of negotiating.

Now allownces. Compared to those building in the western burbs, homes between 700-1mil all the other contracts have much higher allowances, esp on cabinets.

Here is a breakdown
Front door - 2,000
Lighting/electrical fixtures 2,000
appliances - 8,000
cabinets and vanities - 10,000
stone 5 ton , 300/ton allowance
carpet -25 per square yard
tile material 3 per square foot
landscaping and sod - 5,000
Fireplace - 2K
Counterops -7,000
Front porch up to 150SQFT

So the big one we knew was super low is the cabinetry. We checked out all referrals and they were happy with the builder adn they were all quality homes. He said he would not be the cheapest, but would not cut corners.
Whave 3200 sqft with 9 foot celings on basement, 1st floor, 2nd floor 8
3 large bedrooms all with walk in closet and full bath
coffered ceiling in family
French doors going to office
Hardwood floors included in house, except bedrooms
molding all downstairs
Three car garage, front porch
Fireplace is prefab

The cabinetry, lighting/electrical is just really making us feel bad. Feel awkward bringing it up to him and the contract is a contract. Just trying to feel good about the purchase.
Anyone see good in the contract? thanks

[Hiruko]

Originally Posted by westburbsil

Hello, my spuose and I are building a home in the western burbs. It is currently under construction. The purchase price in the contract was 740K.

We paid him a check for 9K extra for some more things to be done. Was going to be 15k, he gave us a 6K break in price at time of negotiating.

Now allownces. Compared to those building in the western burbs, homes between 700-1mil all the other contracts have much higher allowances, esp on cabinets.

Here is a breakdown
Front door - 2,000
Lighting/electrical fixtures 2,000
appliances - 8,000
cabinets and vanities - 10,000
stone 5 ton , 300/ton allowance
carpet -25 per square yard
tile material 3 per square foot
landscaping and sod - 5,000
Fireplace - 2K
Counterops -7,000
Front porch up to 150SQFT

So the big one we knew was super low is the cabinetry. We checked out all referrals and they were happy with the builder adn they were all quality homes. He said he would not be the cheapest, but would not cut corners.
Whave 3200 sqft with 9 foot celings on basement, 1st floor, 2nd floor 8
3 large bedrooms all with walk in closet and full bath
coffered ceiling in family
French doors going to office
Hardwood floors included in house, except bedrooms
molding all downstairs
Three car garage, front porch
Fireplace is prefab

The cabinetry, lighting/electrical is just really making us feel bad. Feel awkward bringing it up to him and the contract is a contract. Just trying to feel good about the purchase.
Anyone see good in the contract? thanks

Did you work with a buyer's agent in negotiating this contract?

[westburbsil]

Did not.