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Base Price

Definition of term

The base price is the starting price of a new construction home before upgrades. Builders typically advertise the base price when marketing new developments. It's common to see "home starting from the low $400s" in their marketing materials. Once optional upgrades and the lot premium are added to the price, the final sales price could easily be around 10% higher than the initial base price.

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555 Marriott Dr., Suite 315,

Nashville, TN 37214