Calculate Each Detail

From the fireplace in the spa-like master bath to the exposed brick wall in the kitchen, Gigliotti focused on every detail. Several millions of dollars later, Gigliotti says she was shocked at how much she had blown her budget. "Let's just say there are not very many homes in Knoxville in this price range," she said.

Staying on budget is a tremendous challenge when custom building a luxury home. Though Gigliotti and her husband were able to cover the additional expenses, any homeowner planning to build a luxury property must create a budget and account for every detail, from high-end built-ins to all the electronics required for a home of a large scale. The last thing you want is a home that's half-finished, Gigliotti said.

"It's easy to get carried away," she explained. "You can plan something and then when you get into the actual building, you have all these options. Spend a lot of time really figuring out how much you'll be spending. It's all in the details."

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