A major refurbishment of your property involving construction and building work is a large outlay in costs, so it pays to pre-plan how you are going to implement your home building project and also do a lot of preparation beforehand. For many of us, home building projects are unchartered territory and an overwhelming task, but with a calm head and planned approach, the challenge can be less daunting.
Here is a 4-step plan to help you budget wisely for a major construction project.
1. Create an Outline of Works
It is advisable to write down everything that you will need doing for your project. So for instance, you may want to update your bathroom which will entail not only buying a bathroom suite, but also retiling, replacing the floor, adding new shower fittings and so forth. Also think about electrics, rewiring and replumbing work that will be associated with your project. When you have written down everything you can think of, you will have a truer picture of the whole of the project works that need to be carried out.
2. Research All Costs
Now that you have the big picture of the work that needs to be done for your project, you can start to cost it realistically. Costing for all of the elements and building work that is required will give you an idea of how much money you need, and perhaps where you can make savings on costs. Shop around online and at stores and see what deals and discounts you can get by buying in bulk or buying at one company for most of the things that you need for your project. Compare prices and add any additional taxes that may be payable. Don’t forget to add the labour costs after you have obtained quotes from your builder (See Step 4).
3. Get Informed About Your Project
Read up about your building project and do research about the work that it entails. Get a clear idea of what is recommended, what potential problems are, if any, and also gather ideas from similar building project case studies that you can incorporate into your own. So, for instance, there will be a variety of types of insulation you can incorporate to help you reduce your energy costs and a recommended industry minimum specification that you will need to know about. You can take up specific details with builders when you obtain quotes and also ask for their ideas and views. When you have a conversation with your builder, you will have a better and more independent view of your project rather than being led along because you don’t have the knowledge about what it entails.
4. Obtain Quotes
Now you have an idea of how much your project is likely to cost, you can go ahead and get quotes for any building and construction work that is required. Ask friends and family for recommendations of good, reputable builders, and also check websites such as Checkatrade that features online reviews of builders and construction suppliers. It is absolutely important that you choose a reputable builder that is fully insured as you will probably be spending a large amount of money, so if anything goes wrong or the work is faulty you can claim costs back on insurance. Insurance will also cover you if the work is unfinished for any reason.
Make sure that you get references from all of the builders that you request a quote from and ask for a detailed and itemised quote that clearly states the cost for all works carried out and any additional matters such as tool hire costs, skip costs or rubbish removal costs.