The secret to budgeting for a new home build
Blowing your budget when building is not normal 📣
I hear allot of chatter normalising ‘blowing budgets’ when it comes to building.
The saying goes that renovating and building costs twice as much and takes twice as long as you expect.
I hate that saying because it makes building SCARY and OVERWHELMING.
No one just has a spare double budget to pull from, and no one should be expected to either. ❗❗
When starting a new build, it’s so important to set the tone around budgets.
The secret to budgeting is it needs to be honest. Not what you think it should be or wish it could be, but what is really is.
When you know how much you can spend, then you can break it down into tiny pieces and make decisions that align with that budget.
Yes, there will be sacrifices needed to align that budget with the design and ultimate build but in the end it will be worth it.
In my experience managing projects, to build in 2024 it takes discipline to set a budget and actually stick throughout any build.
What about you? How did you go setting and sticking to your budget during your build?
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As much as we'd like it to, things don't always go to plan…
👉 Issues have come up that you didn't realise could happen, and you're struggling to solve them
👉 Your builder is suddenly speaking a language you don't understand
👉 Figuring out who does what, and by when isn't as clear as you hoped
And before you know it, you're staring sadly at the concrete slab holding yourself back from calling your builder for the 17th time in one day…
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Written by Annelyse, Building Contract Enthusiast, Project Manager, and founder of Build Together Project Management.
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