Budgeting for A New Home

When you are planning a new construction, you need to have made a careful budget, which takes into account all of the mistakes which can be made on such a project, and makes sure that you don’t cut costs in the wrong way. If you are planning on consulting with builders about your budget we can give you some advice.

Scrimping on quality materials

This is the worst thing that you can do to try to protect your budget, and it will come crashing down around you – sometimes literally – if you are really unlucky. Making savings from these costs can also be a false economy, since it is likely that you will have to do the build again anyway.

Hiring cheap labour

Another common budget failure is trying to hire cheap labour for everyday tasks. You might think that anyone can dig a hole, but foundation excavation can be a skilled job, and you could delay the build while we try to find someone else to redo the job.

Not bringing in the experts

Architects and construction teams can cost a lot of money, but if you try to cut corners by relying on only a few specialists, you are likely to find that your new build turns into a nightmare. We rely upon knowledgeable experts to ensure that the construction goes according to plan, and your cost-cutting here could increase your budget through delays and rebuilds.

Not having a full risk assessment

You will be required to have a full risk assessment performed before you begin construction, but we have known people in the past who have bodged this process, meaning that their property is not built securely and when the inspectors come, they want it all torn down again.

Failing to manage your deliveries

Luxury home builders Gold Coast requires a lot of just-in-time deliveries, which means that the goods need to be there just before they will be used. If you cut costs on delivery services, or on suppliers, you are likely to lose time waiting for deliveries, or having to pay third-parties for an expedited (and more costly) delivery.

Stinting your contractors

If there is one thing that you can’t do it cut costs, we believe that you can save money more effectively by relying upon expert builders, so if you want to talk to us about your project get in touch.