How to Budget for Building
Budget per square metre., Allow 5 to 10 percent of the construction costs to cover design fees., Get in a quantity surveyor to provide an accurate budget estimate early on in the building project., Consider the costs required for building consents...
Step-by-Step Guide
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Step 1: Budget per square metre.
Ask your architect for a breakdown of costs per square metre for:
A finished building (interior as well as exterior) An incomplete interior (where you can save a lot of money if you do the internal work yourself) -
Step 2: Allow 5 to 10 percent of the construction costs to cover design fees.
This amount will vary depending on whether your architect only draws up the plans for you or also project-manages the construction. , It is wise to do this as early as possible, as a quantity surveyor will be best placed to give you an accurate overview of the costs involved in the entire building project.
This independent advice will be important, as your architect will often have ideas that don't fit within budget. , These can add up quickly, especially if you have earthworks to consider.
Find out in advance what consents will be required and find out the costs charged for each consent.
If your architect cannot help you, find out from the local municipality's building consent area. , If you are building from scratch, you will need to keep renting or owning the place you are in currently as well as funding the new build.
If you're only renovating, you may still need to leave for a way if major renovations prevent normal living from carrying on.
Unless you can bunk down with family, this will cost you extra money in rental accommodation. , If you plan on fixing up exterior spaces and the garden as part of the build, these costs will also need to be taken into account, although you might consider staging the project rather than trying to bite off more than you can chew. -
Step 3: Get in a quantity surveyor to provide an accurate budget estimate early on in the building project.
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Step 4: Consider the costs required for building consents.
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Step 5: Budget for living away from home costs.
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Step 6: Budget for landscaping as well as building.
Detailed Guide
Ask your architect for a breakdown of costs per square metre for:
A finished building (interior as well as exterior) An incomplete interior (where you can save a lot of money if you do the internal work yourself)
This amount will vary depending on whether your architect only draws up the plans for you or also project-manages the construction. , It is wise to do this as early as possible, as a quantity surveyor will be best placed to give you an accurate overview of the costs involved in the entire building project.
This independent advice will be important, as your architect will often have ideas that don't fit within budget. , These can add up quickly, especially if you have earthworks to consider.
Find out in advance what consents will be required and find out the costs charged for each consent.
If your architect cannot help you, find out from the local municipality's building consent area. , If you are building from scratch, you will need to keep renting or owning the place you are in currently as well as funding the new build.
If you're only renovating, you may still need to leave for a way if major renovations prevent normal living from carrying on.
Unless you can bunk down with family, this will cost you extra money in rental accommodation. , If you plan on fixing up exterior spaces and the garden as part of the build, these costs will also need to be taken into account, although you might consider staging the project rather than trying to bite off more than you can chew.
About the Author
Gary Bishop
Dedicated to helping readers learn new skills in creative arts and beyond.
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