If you’re planning to start your own self build project soon, you may or may not have realised how important it is to plan your budget in detail. With proper analysis of figures and costs, you may find yourself increasing expenditure and even extending your loan.
How to self build, and how you should be spending your available budget requires attention and skill, but with the right execution anyone can do it. Here are the Healthy Hideout’s 7 top tips for sticking to your self build budget:
- Site choice – When choosing where you want your self build to start, be sure to pick a pre-levelled site with good drainage whenever possible. Slanted or sloped areas with poor ground conditions can quickly become a nightmare that eats through your self build budget.
- Service location matters – If you ensure that all services are close at hand including water, electricity, gas and drainage you’ll spend less money having these services extended to where you need them. Installation charges for such services can be incredibly expensive.
- Simple self build – Many houses rely on the classic four walls with sloped roof for a reason. A classic box is the most cost effective way of enclosing a space, with a sloped roof being very efficient at shedding rain and snow during bad weather.
- Keep it standard – If you stick to using standard materials in standard sizes you’ll find yourself saving a lot of money as they are generally cheaper. Bespoke materials tend to cost to more, but if you do want to add a sense of difference, use effectively and sparingly.
- Practical placement – When deciding where your kitchen, bathroom and toilets go, try and keep them as close to each other as possible. This will minimise the cost of further drainage pipes and makes long term maintenance easier.
- Natural light is crucial – Maximising natural light into your property not only improves your sense of well-being and mood, it also saves you money on electricity bills.
- Maximise insulation – Insulation is a cheap investment (even cheaper from utility suppliers) that will help protect you against rising fuel bills for many years to come. Be sure to complete insulation in the roof, exterior walls and ground floor – If you’re based in the UK, this is now required under building regulations.
Now all this may be denting the image you have of your perfect self build dream, but you don’t have to conform to the above and make it look boring. Budget restraints such as the ones we’ve discussed force us to come up with solutions we may not have come up with before. Let your imagination run wild!
Have you just finished your perfect self build? Did you stick to budget? We’d love to hear from you.