Building your dream home is a busy time – there are so many things to consider along the way and this can be incredibly overwhelming. One of the biggest concerns for many first time home builders is knowing when and where exactly to get cost advice.
What many don’t realise is that cost advice should be sought before you even begin design, as well as at key points along the way. Here at P.Built we are passionate about making the construction process as easy as possible for our clients. Here are some of our best tips when it comes to getting cost advice:
Speak with a builder during the design stage
While the design stage might seem like early days, discussing the budget during this time is integral. Meeting with your builder before you head to the studio means you can agree on realistic cost estimates, find the best architect for your project and decide on the right materials for the job. This will streamline the entire building process and means your (and your builder’s) expectations can be managed along the way. It also means everyone is working toward a common financial target from the very beginning.
Trust your builder
It’s important to remember that builders have an intimate knowledge of what it costs to put a project together. If you’re ever unsure about a quote you’ve been given from a supplier, an architect or even another builder, don’t be afraid to talk to your custom home builder. Based on their years of experience, they’ll be able to tell you whether the estimates you’ve been given are appropriate.
In saying this, it’s important to make sure you can trust whoever is managing your pre-construction requirements. Make sure they are experienced in project cost management and more importantly, are looking out for your best interests.
Ensure your cost advice is accurate
Don’t be afraid to do your homework before (and after) you seek cost advice. This will help you to ensure your quotes are accurate and your expectations are met at the end of the project. In order to get a detailed quote it’s important to realise that all the construction documentation must be completed first. Once this has been processed, an accurate quote can be outlined. Don’t be afraid to make a small investment with a trusted professional builder to provide this advice. Remember that your project is likely to be a significant investment, so it’s worth spending a little extra time doing your homework on cost to make sure your investment is worthwhile.
Remember that in the end, achieving the homeowners outcomes is the key goal for all project stakeholders – owner, architect and builder – so spending time on cost advice at the beginning and managing financial expectations throughout is beneficial for all parties in the end.
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For cost advice on building your ideal home, don’t be afraid to get in touch with P.Built today.