Ensuring my home renovation stays in budget
Preparing for a full home renovation? Here are some steps to help you stick to your budget.
1. Begin by setting a realistic budget for the works, this can be done by including:
the professional fees for the services of architects, designers, solicitor, specialists such as structural engineers (essential for alterations) and party wall surveyors (indispensable if your plans flirt with boundary walls). Ask for quotes for the services you wish to move forward with.
VAT - I know, never a thrilling guest, but one who always turns up. The exception would be if you plan to work on a Listed Building.
a preliminary price estimate can be provided at concept stage to guide your expectations.
2. Plan everything!
Start with a very precise measure survey - accuracy saves anguish later.
Studio 29 Architects will draw all your layout proposals in detail down to the millimetre, working through each space with you so that decisions are made early and wisely. Finishes, fittings, lights and their positions, structural alterations (as advised by the structural engineer), heating systems, insulation, and construction details are all carefully considered. Nothing is left to chance—or to a last-minute panic.
this will be accompanied with a detailed specification so that prospective builders know what is required, where and with which materials. Clear instructions make for clear pricing.
A detailed contract costing from a builder(s) to keep you informed
Do also allow a contingency of at least 10% of the price estimate—existing buildings have a habit of revealing surprises.
3. Now for the build!
Once on site, a formal contract and programme set the rhythm of the works.
Progress is monitored through regular site visits
Payments are made in line with completed stages
Regular meetings with your architect keep both construction and finances under careful review
Money is retained (5% of the construction works value) throughout the contract period to encourage the builder to complete the snagging works
Any proposed additional costs are checked against the contract
If issues arise—as they occasionally do—your architect is there to resolve them swiftly, calmly, and efficiently with the builder.