Another question on allowances
Seems like we are in the same boat as many others. We have always just bought a home from one of the standard national builders (e.g., Lennar) and have been very happy with our homes. We are now moving and this will be our forth house and we were thinking of building. This will be in Indianapolis and the builder has given us an allowances of approximately $500k (see split below) on a approx 3400 sq-ft home. With the cost of the land, the home is costing around $1.5 Mill. Are these allowances appropriate for a mid-market type home - not a luxury build. Any advice is appreciated. Specifically, my trusted AI companion tells me that all construction projects will be off by 10-15% … so this could jump a lot. So, wanting to understand where my exposure in these allowances.