Friday, 22 December 2023

Calculating your Budget

 

Setting the budget for your project  is an important consideration.  There is a lot to consider and keep control of.  So here is a simplified summary of an approach to hopefully help control the process. Think of your project costs in four parts which are intrinsically linked.  



Then highlight the important items within each as well as items you might accept losing if costs mount up.  





Careful planning is recommended to keep control of your project.   If in doubt, seek professional assistance from a qualified cost consultant.  



Here at DesignBox we can offer architecture and project management services, so please contact us if you would like to discuss your project.


Additional references:

Checkatrade's average cost of a house extension: https://www.checkatrade.com/blog/cost-guides/house-extension-cost/
Checkatrade's average cost of a new kitchen: https://www.checkatrade.com/blog/cost-guides/new-kitchen-cost/
Checkatrade's average cost of a loft conversion: https://www.checkatrade.com/blog/cost-guides/loft-conversion-cost/

Please note these links give estimated contract costs to which design and consents, non contract costs, contingency and VAT might need to be added. 

Good luck with your project!