What are cost allowances?
Cost allowances are good-faith estimates of the cost of various client selections (carpeting, appliances, tile, etc.) that have not been made at the time we enter into a Construction Agreement. Allowances are like a checkbook for any such items. If your selections cost less than the allowance, you receive a credit for the difference at settlement. If your selections cost more than the allowance, you are responsible to pay the difference.
