Imagine you are building a new house. You live in Arlington, so you have a budget of $1 million. Your builder comes back to you and says for $1 million, you may have to cut a few things off your wish list.
Instead of marble tile in your bathrooms, you will have to go with another natural stone or maybe even ceramic. They are going to have to downgrade your hardwood floors and kitchen appliances slightly. And, you may only be able to finish half of the basement, so your media room may have to be a little bit smaller.