How to Prioritize Spending on a New Home Project

A Strategic Guide to Balancing Budget, Lifestyle, and Long-Term Value

Buying or building your dream home is one of the most exciting and important milestones in life. But between house hunting, monthly mortgage payments, and improvement projects, it’s easy to feel overwhelmed, especially when trying to decide where to spend and where to save money. Whether purchasing a fixer-upper or designing from scratch, prioritizing spending helps you make informed decisions that fit your financial situation and lifestyle.

At Deskins, Inc., we’ve helped countless homeowners through every stage of the home improvement process—from the initial home search to custom renovations. This guide will walk you through how to prioritize spending for your new home and ensure your money goes where it makes the most significant impact.

Step 1: Create a Realistic Budget and Set Financial Priorities

Step 2: Address Essential Repairs First

Think of your home as more than a single box to check—it’s a long-term investment that should support your safety, comfort, and daily life. That’s why it’s essential to focus first on repairs and upgrades that prevent further damage and maintain livability.

Start With a Home Inspection

Before you finalize your purchase, a professional home inspection can reveal critical issues that may be hidden. Look for red flags like:

  • Roof leaks or structural damage.
  • Outdated electrical wiring.
  • Plumbing issues that could lead to flooding.
  • Poor insulation is driving up utility bills.

Make Repairs a Top Priority

  • Address HVAC systems, electrical panels, and plumbing issues before undertaking cosmetic upgrades.
  • Address foundational issues immediately to protect your property’s long-term value.
  • Invest in energy-efficient improvements that reduce costs over time.

Step 3: Focus on Function and High-Impact Features

Once essential repairs are handled, it’s time to prioritize improvements that enhance function, add value, and elevate your lifestyle.

Distinguish “Must Haves” From Your “Wish List”

Your must-haves are the features your family needs to live comfortably—think additional bedrooms, bathrooms, or expanded outdoor space. Your wish list may include upgrades like a water feature, bright lighting, or custom cabinets.

Focus on Projects With Significant Impact

  • Kitchens and Bathrooms: These areas are used daily and often offer the best return on investment (ROI). Explore our home remodeling services to learn how we can upgrade yours.
  • Flooring: Replacing old carpets with hardwood floors or luxury vinyl can quickly modernize your space.
  • Cabinets and Storage: Custom cabinets not only enhance functionality but also add to the aesthetic appeal.

Outdoor Space and Curb Appeal

  • Boost your home’s curb appeal with updated landscaping, a new garage door, or a modern front entryway.

 

Consider adding access to outdoor amenities like patios, decks, or fire pits—especially if your property connects to scenic hiking trails or parks.

Step 4: Plan for Future Expenses and Ongoing Maintenance

A new home isn’t just a project—it’s a living process. To maintain its value and your peace of mind, it is essential to plan.

Build an Emergency Fund

Set aside 3–6 months of living expenses. This ensures you can pay your bills and handle unexpected repairs—such as a burst pipe or roof leak—without relying on credit.

Maintenance Is Non-Negotiable

Include regular maintenance in your long-term budget:

  • Seasonal inspections.
  • HVAC tune-ups.
  • Gutter cleaning.
  • Lawn care or pest control.

These routine tasks help save money by preventing major issues down the line.

Sustainable, Energy-Efficient Features

Invest in energy-efficient upgrades, such as solar panels, double-pane windows, or smart thermostats. These reduce utility bills and support a more sustainable lifestyle.

Real-Life Example: A Balanced Spending Strategy

Build Your Dream, One Step at a Time

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James Deskins

In 2019, James and Sara Deskins embarked on a journey to create a construction company that not only serves their community but also upholds their values. With James’ hands-on expertise in building and Sara’s unwavering support behind the scenes, Deskins Inc. was born out of a shared vision. They currently live in Botetourt County with their 3 children, Noah, Rylan, and Kate, who keep them busy with various extra-curricular activities. Together the Deskins are committed to excellence and integrity and are guided by their faith, which has been the cornerstone of their business.

Darren Beckner

Darren Beckner, the Vice President of Construction, is leader of all superintendents and responsible for overseeing all aspects of a construction project. He is also involved in planning and managing the project from its earliest stages, including developing a budget and identifying potential contractors, to the final stages of the final walkthrough and budget reconciliation. Mr. Beckner has been with Deskins Incorporated since 2020 and comes with almost 15 years of construction field experience.  Because of his commitment to excellence, in April 2024, James brought on Darren as partner, and they are working together to build an organization that honors God. Darren is married to Lauren. He has four daughters: Savannah, Brooklyn, Harper and Millie.