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Budgeting for your Project

13th April 2018

One of the key things to consider when planning a big project is your budget. It's good practice to have a good think about exactly how much you are happy to spend before work begins. It’s a good idea to have this in mind when you start planning what kind of work you want done so you don’t overspend in certain areas and leave yourself short on cash to get the project completed. Once you have worked out an accurate budget you can start to work on costings for the design aspects you are looking for.

What you want and what you are happy to spend can vary greatly so it helps to be looking at achievable design concepts. Don’t underestimate what something will cost, find out for sure and get estimations for each aspect of the project so there are no nasty surprises in store for you. Once you have started work you don’t want to have to change your design plans as this can cause stress and add extra costs.

Once you have spoken to industry professionals the best thing you can do is work out your own budget and cost out each aspect of the design. Having a look at the various aspects like Floor, Lighting, Fixtures & Fittings and Building materials can give you a better idea of the different elements of the project you will need to consider. It’s a good idea to have a maximum budget per element so you can save yourself time and stress by only considering the things within your budget plan. Make sure you don’t forget to add in build costs as this is one of the biggest costs involved in a project. Make sure when you are planning you think about how much you will have to pay the people you employ to help you fulfil your design brief.

There are a number of people you may need to work with to help you carry out your project, and it is best to bring them on board as soon as possible so you can carry out a detailed costing with the help of industry professionals. If you want to take a lot of stress out of the process you can use a Design and Build Contractor who will involve all of the construction team from the beginning, so you have a much clearer idea of how much everything will cost. You can also go the more traditional route of using an Architect who can go over different design concepts and offer you an estimated costing for the overall plan. It is important to bear in mind that this is an estimate and the prices are always going to be slightly different than initially quoted. Another approach is to use a Quantity Surveyor who can help you work out how much various aspects will cost and give you a detailed costing plan.

If you decide to work with us, we are able to offer a complete Design and Build package to work perfectly within your budget.

If you decide to work with us, we are able to offer a complete Design and Build package to work perfectly within your budget.

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