Budgets

Budgeting Realistically: Key Advice for Homeowners

My main advice regarding budgets is to be realistic; otherwise, things can quickly lead to disappointment. If your budget doesn’t align with your project brief, you face a choice: either increase your budget or reduce the scope of your project. Many people convince themselves—and sometimes even try to convince me—that they can save money by taking on the role of owner-builder or by enlisting a friend who is a plumber or contractor. While these approaches may seem cost-effective, they can often lead to unforeseen complications.

Building is an expensive endeavor, and it should never be taken lightly. The costs can escalate quickly, and if you’re not prepared, you may find yourself in a difficult position. One of the most important recommendations I can make is to engage a quantity surveyor. While some clients may try to cut costs by forgoing this essential service, doing so is a dangerous and potentially costly mistake. A quantity surveyor provides a wealth of expertise in budgeting and cost management, ensuring that your project remains financially viable throughout its duration.

By working with a quantity surveyor, you gain valuable insights into the true costs associated with your project, helping you avoid pitfalls that could lead to overspending or budget overruns. Their professional guidance can save you from the heartbreak of unforeseen expenses and the frustration of aborted time and fees. Ultimately, investing in a quantity surveyor, alongside your architect, will not only help keep your project on track but also provide peace of mind as you navigate the complexities of building. God (or higher power) save the quantity surveyor (and the architect) for their invaluable contributions to a successful project!