Budgeting For Your Build
Everyone has their own vision of the perfect home.
In short, the key question when planning your construction budget is: “What will this project ultimately cost me?”
The encouraging news is that self-building your own home is the most affordable and prudent option. In fact, it can save you up to 30% compared to purchasing from a builder or developer.
Most importantly, to guarantee you finish the project and achieve these savings, you must establish a realistic budget and adhere to it.
Keep your project within budget and maximize profits by staying focused on your goals and closely managing the build.
Steer clear of the common mistakes of imprecise budgeting or straying from your original plans, as they can lead to running out of funds.
Our experience demonstrates that with proper oversight and a clear vision, there’s no reason you can’t finish your home within budget and maximize your profits along the way.
At Frame Build UK, we strongly recommend obtaining expert advice when determining your budget. This will help you avoid any potential issues and ensure a smooth and successful build.
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We’ve got you covered! Whether you have a clear vision in mind or need some expert guidance, our team is here to help you every step of the way.
From accurate estimates to high-quality craftsmanship, trust us to deliver the timber frame solution that exceeds your expectations.
Get in touch today and let’s turn your dream into a reality!
Our Top Tips For Successfully Controlling Your Self Build Finances:
Be clear about what you want to build and make sure that you have all the information necessary to put together an accurate budget. At Frame Build UK, we complete your construction drawings before you get started enabling detailed budgets to be based on fact.
Understanding at what stages your mortgage provider will release funds will help to plan your cashflow for the build. If you need to borrow a high percentage of the project cost, then consider a mortgage product such as BuildStore’s Accelerator which gives you money before each stage of the build.
Avoid build methods that can bring unforeseen additional costs. TIMBER FRAMEs structures are an excellent solution as the offsite manufacture process enables the quality to be controlled so build costs can be fixed and due to their manufacturing process, it can be one of the most reliable methods of build as progress is not weather dependent. At Frame Build UK we pass these advantages on to our customers by offering clear, fixed price quotations assuring financial certainty and total peace of mind.
It’s easy to get carried away and start changing your designs once you’re in the middle of a project, but changes at this stage can be very costly in both time and money. Always allow a contingency budget to cover those unexpected costs. In our experience we recommend an allowance of at least 10% of the total cost of the build.
Program your build and stick to it. TIMBER FRAME structures are one of the fastest forms of construction and can cut the build period by as much as 6 weeks. A shorter build period will reduce financing, rental and plant hire costs making yourself build great value for money.
Professional tradespeople complete professional work. Professional advisors, subcontractors and trades people will want to do the job right, first time, every time and will be happy to help you through your build. Frame Build UK is no exception; we have an excellent reputation for quality and service and will work with you to deliver the best job possible.
