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One word in your construction contract can completely change what you ultimately spend on your home: allowance.
An allowance is essentially a placeholder number. And if too many major parts of your project are still allowances when you sign your contract, your “budget” may be much less certain than it looks.
In this episode, I explain what allowances are, where they make sense, where they can become risky, and what you should try to firm up before construction begins.
Planning a healthy home and want help understanding your project before you build? 👉🏼 https://form.typeform.com/to/cRQhjt5i
In this episode: - What an allowance actually means - Why early cost-per-square-foot estimates can be misleading - Which allowances carry the biggest financial risk - Where allowances are reasonable - How to get firmer pricing before signing your contract
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