![]() | |
![]() | |
![]() |
Real Estate Information |
|
![]() |
How Not To Blow Your Build Budget
Most people who complete a self build will go on to make a profit if they decide to sell afterwards, but what steps can you take to ensure that you don't totally blow the budget? There are lots of advantages to a totally unique self-build but most important is sound financial planning before and during the self-build, to ensure you stay within budget and make worthwhile savings. Research all your costs carefully and get as many perspectives and quotes as possible. Self management skills will save you money from the word go and are useful as good planning and anticipation can relieve much of the pain and frustration that may occur. The Right Site Aside from the cost of buying the site, building plots often require a site survey to check boundaries and other variables that should be investigated. You will need to research the costs of this. There may be other investigations needed, depending on the type of land: a soil investigation and survey should always be commissioned in order to assess the type of foundation likely to be necessary. Changes to foundations can be expensive and can vary from having to avoid a soft spot such as on old pond, right through to deep excavation or pile and ring beam foundation involving extra costs. · There are a lot of important questions to ask about the site itself. · Establishing the ground condition and available to utility services are vital. Architects Fees Make sure that you agree fees with your architect in writing and ask for details of any additional cost. · Printing out sets of plans. · Producing color elevations. Ensure that you allow for all of the drawings and specification documents necessary to build the house. Remember employing an architect to oversee the design project from start to finish can cost anything from 8 to 14 % of the budget. One thing to keep in mind, the architect is an important go-between for you and the contractor and knows all the steps and costs involved and can actually save money. Equipment Hire This is another aspect to remember, not every self-build project will need vast arrays of equipment. But, if there are delays on the site and the hire period needs to be extended then there might well be a weekly penalty on the total hire charges. Check this on the contact before you sign to hire the equipment. Materials Other building materials vary so much that it's up to you whether you want them to become a budget blower or not. Ask the advice of the contractor, first and foremost; builder's merchants normally include delivery within their price, so it shouldn't be difficult to get a quote first. Any materials ordered direct from manufactures will usually incur a delivery charge. Make sure that you get prices for you budget that the quote includes delivery . If your site is difficult to access, there may be additional delivery charges for staged deliveries on smaller vehicles. Connecting to Utilities Suburban plots or sites in towns are nearly always adequately covered for utilities. This may not be the case in all areas. Check for cost for supply of water, sewage and main services, all of this needs to be thoroughly research. Delay and Pay A vastly underestimated budget buster! Time is money in any building project and delays caused by lateness or non-delivery of materials can incur extra labour costs for waiting time, plus increased finance, rental and hire costs. Building work not itemised in the original contract price is know as "extra". The cost of "extras" can total thousand on top of the fixed contract price. Other Essentials Remember also that there will be a host of other cost categories, all with the potential to become budget busters if not properly considered and researched. · Drains/pipes · Wall structure · Cills & Lintels · Roof finishes · Chasing · External doors & windows · Decorating About the Author
MORE RESOURCES: The dreaded Zillow ban is finally here. Here's what you can do Business Insider SFL – Real Estate Excellence, the Key to Market Appeal Yahoo Finance Zillow’s now enforcing its listings ban: 3 things to know - Real Estate News by RealEstateNews.com Zillow’s now enforcing its listings ban: 3 things to know Real Estate News by RealEstateNews.com Alexandria Real Estate: The REIT That Nobody Seems To Want (But Maybe Should) (NYSE:ARE) Seeking Alpha Colorado mountain town real estate markets see surge of new listings, price drops — but is it a buyer’s market? SummitDaily.com Post-Gazette journalists win national awards in coverage of real estate, religion Pittsburgh Post-Gazette NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND ANNOUNCES DECLARATION OF REGULAR MONTHLY DISTRIBUTION PR Newswire Unlocking Japan's Dormant Real Estate Potential: Marubeni and Dai-ichi Life's Bold Venture - AInvest The Flathead’s Frozen Real Estate Market Begins to Thaw Flathead Beacon Here are businesses on the move in Marin, Solano and Sonoma counties The North Bay Business Journal Crow Holdings Capital: Specialty real estate surges as investors chase demographic-driven demand Private Equity Real Estate | PERE Nuveen: Leading the way in a changing real estate market Private Equity Real Estate | PERE Zillow readies for battle with Compass Real Estate News by RealEstateNews.com 'Keep it moving': HGTV cancels TV show hosted by Georgia couple after 4 seasons Savannah Morning News Egypt Sherrod Shares Heartbreaking News About HGTV's 'Married to Real Estate' Country Living Magazine LaSalle on real estate: the world’s simplest, most complicated asset class Private Equity Real Estate | PERE Alexandria Real Estate: Behind Fantastic Dividends, 3 Key Facts To Understand Its Resilience Seeking Alpha The Face of Real Estate in West Sonoma County pacificsun.com Texas Employees commits $483 million to real estate, private equity, infrastructure Pensions & Investments Real Estate Transactions, June 30 edition Hopkinton Independent Rockpoint: Back to basics: Real estate’s next chapter will demand local insight Private Equity Real Estate | PERE Seattle City Employees slates €60 million for European real estate fund Pensions & Investments Real Estate Transfers: June 30, 2025 The Owensboro Times NYLI CBRE Real Estate Fund Q1 2025 Commentary Seeking Alpha Brooks Ballard International Real Estate Celebrates Transition, LGBTQ+ Owned Business of the Year Award Recognition Business Wire Two local real-estate firms merge to form Venture Fox Realty Group The Altamont Enterprise AXA IM names real estate heads for North America and Asia-Pacific Pensions & Investments Logistics and warehousing dominate Lehigh Valley commercial real estate market Lehigh Valley Business Rosa Hawes, trailblazing Dayton real estate pioneer, civil rights advocate, dies at 94 Dayton Daily News Hyatt to Sell Playa’s Real Estate Portfolio Daily Lodging Report Real Estate: June 16 to June 20 Newport This Week A Long, Winding Path to Selling Real Estate in the Hudson Valley The New York Times Form 424B3 Forum Real Estate Income StreetInsider In a gridlocked market, it’s time to take assumable loans seriously Real Estate News by RealEstateNews.com NMPERA reveals $20m additional commitment to real estate fund Private Equity Real Estate | PERE Real estate tax deadline today Butler Eagle Hyatt to offload Playa real estate, remain operator HOTELS Magazine Buyers and sellers win in this unique real estate market in the Valley Wet Mountain Tribune HGTV cancels Atlanta-based show ‘Married to Real Estate,’ hosts say Atlanta News First Neuberger Berman Real Estate Fund Maintains Steady Monthly Income With $0.0312 July Distribution Stock Titan Amanda Carter: Premier Hervey Bay Real Estate Agent Redefining Client Success and Community Engagement GlobeNewswire Radio Real Estate 6/28/25 My Bellingham Now Apple spends $517 million on Bay Area real estate in a single week San Francisco Chronicle The Best Real Estate Agent in Douglas Lake: Katelyn Warren ACCESS Newswire Mansion in The Ridges hits the market for $9.8 M Las Vegas Review-Journal 20 Indispensable AI Tools for Real Estate Agents HousingWire Vendor & Real Estate Partners Dollar Tree Jewish real-estate investors look to Israel amid Mamdani victory The Jerusalem Post Major Last-Mile Deal: Town Lane Acquires Massive 2.7M SF Industrial Portfolio in High-Growth Raleigh Market Stock Titan Real estate transfers in Adams County from June 16-20, 2025 Muddy River News Chicago-based developer building community in Katy area as part of multicity effort The Business Journals |
![]() |
![]() |
![]() |
RELATED ARTICLES
How to Build a Real Estate Investing Power Team As you continue to read about real estate investing, you will no doubt come across the term 'power team'. What is this 'power team'? A power team is a group of people without whom successful real estate investing becomes very difficult, if not impossible. Tax Deferred Exchanges of Investment and Business Real Estate The Primary Residence taxation, the Residential Replacement Rollover, Sec. 1034 exception is gone. The Perils of the Property Ladder: Has Anyone Noticed the Silence? There was a time when every conversation was focussed on property and every other TV programme was about property makeovers. Everybody wanted to get into property and those already on the ladder seemed fixated on becoming wealthy overnight. Eleven Questions to Ask in an Agent Interview Questions Sellers Should Ask in Agent Interviews:1. Is your license in good standing?You can check an agent's certification yourself with your state's department of real estate. Investing In Commercial Property Why commercial property?Compared to residential property investments, commercial property offers some key advantages:Long-term secure cashflow -- Commercial lets normally have long lease contracts, with periods of 10 years and more not being uncommon. In addition to this, commercial property tenants are less likely to default on payments and even if the tenant goes into liquidation, the liquidator may continue paying the rent in order to stop the lease being forfeited. Investing in Real Estate & REITs Real estate investing runs the gamut in terms of risk and investment success. The first rule of real estate investing, even before location, location, location, is be very careful with whom you are dealing. Homes in Chapel Hill Chapel Hill is located right in the middle of North Carolina, halfway between the Blue Ridge Mountains and the Atlantic Ocean. In 2000, the nearly 20 square mile city had a population of 48,715 people and it has substantially increased over the last five years. 5 Factors of Selling a Home There are five major factors to consider when selling a home. These factors will greatly influence not only the final price you will get for the property, but also how quickly it will sell and how much grief you will suffer through the sale. Florida Real Estate Exploding For 15+ More Years? YEEHAW!!!!!! The south will rise again!! Can't you just imagine the Dukes of Hazard boys sitting on the hood of their car (the General Lee) grinning in front of a For Sale sign in their yard? Well, they should be smiling with the prices in the south, and especially in Florida. But will this Florida real estate trend continue? That is the $100,000 question. Real Estate Investing - FSBOs vs. Agent Listings? Many would-be real estate investing professionals face discouragement because of the assumption that acquisitions require deep-pockets. Some even believe the myth that nothing-down purchases are impossible. For Sale By Owner Listings Selling your home on your own, without a Realtor, is becoming less and less popular. This is surprising, considering that home values have skyrocketed and commissions have risen along with them. How to Calculate Real Estate Rehab Profits If you are investing in real estate you will face a variety of challenges. First you have to find the right property. Real Estate Wealth Protection Through Short Sales Is a sharp correction in store for the real estate market?Fannie Mae, the largest buyer of mortgages in the US, is worried. They recently warned that the probability of a housing bust has risen sharply in certain parts of the country. Maltas Market Battle With new destinations such as Bulgaria, Slovenia and Croatia offering two and three bedroom apartments for sale for £50,000, there was concern last year among some Malta estate agents that 2005 could see a drop in the number of UK and Irish buyers choosing to buy a holiday home on the island.With good all year round temperatures enticing many buyers for the winter months as well as the summer, driving on the left and a warm welcome from the local population who nearly all speak English, Malta has been popular for some years among overseas property buyers. Safe, Scenic & Secure Sussex County Delaware As I write this, there is a considerable concern about the dangers of urban life, triggered by the terrorist attacks on the USA. As some of you know, I have been a student of disaster preparations and a real estate consultant for those seeking "secluded and survival properties" for over thirty years. Selling a Home - What Personal Property Stays? The home selling and buying process can be confusing, particularly when it comes to figuring out what items stay with the home. This is especially true when it is a FSBO (for sale by owner) operation. Sell your Property Faster Learn how to sell your property faster and at the best possible price. Selling your property quickly and at the highest price is the target for everyone looking to move. How to Qualify For 90% Plus Commercial Financing!!! There are three important questions that you must understand and answer correctly in order to achieve 90% plus commercial financing! Where to go to locate it? What type of project will qualify? And last, how to negotiate for it?To start, you must understand the lender's mindset?.. Real Estate Investing Is A Better Gamble Than The Lottery Real estate investing begins when you move to the starting point.Get ready. Do You Speak Real Estate? Anyone interested in real estate should be able to talk the talk. Here is a list of common phrases and words with ashort explanation. ![]() |
home | site map |
© 2006 TIGER MEDIA |