How to Control the Cost of Your Build

Between managing trades, getting the design right and specifying materials, it can be all too easy for your budget to spiral out of control. Jason Orme explains the key steps to keeping a firm hand on costs

By some distance, the most stressful element of a self-build project is budget control. It sounds glib, but running out of money before the end of a project can result in a project failing and all of those Grand Designs nightmares coming true at once. Having a clear understanding of what the costs will be, when they will come, what the potential for variation is, and having a plan for that in case it happens, is essential to actually getting a home built. Not only does cost control give you peace of mind, but it’s also likely to be an essential requirement of any self-build mortgage — all the main lenders through BuildStore, for instance, require it in order to line up accurate stage payment releases. A building project is often…

You're reading a preview of

Homebuilding & Renovating (Digital) - 1 Issue, May 2018

DiscountMags is a licensed distributor (not a publisher) of the above content and Publication through Zinio LLC. Accordingly, we have no editorial control over the Publications. Any opinions, advice, statements, services, offers or other information or content expressed or made available by third parties, including those made in Publications offered on our website, are those of the respective author(s) or publisher(s) and not of DiscountMags. DiscountMags does not guarantee the accuracy, completeness, truthfulness, or usefulness of all or any portion of any publication or any services or offers made by third parties, nor will we be liable for any loss or damage caused by your reliance on information contained in any Publication, or your use of services offered, or your acceptance of any offers made through the Service or the Publications. For content removal requests, please contact Zinio.