Timber Frame and Structural Systems
Things You Need to Know Before Extending Your Home
How to Create a Smart Home
Heating & Ventilation Explained
Reclaiming VAT Back on Self Build
Nottingham Architect Extends Home – Ideal Home Magazine
3 Ways to Design A Self Build Green Eco Home
How Much Does An Extension
How to Build a Contemporary Home on a Budget
Get the best from your budget. Here is some advice which will help you budget for your self build project.
30-40% on plot
This is the biggest individual expense on a self build. In most parts of the UK, expect the share to be near the top of this bracket
25% on labour
There will be geographical variations and it depends on how much of the work you take on yourself, but this is a good indicator. Significant savings can be made by using individual tradesmen as opposed to a general builder, but co-ordinating the project will be more complex as a result. Consider whether your time may be better spent earning money to pay for the build, rather than trying to run the project on a daily basis.
20% on materials
The materials that make up your build represent a sizable part of your budget. Intelligent buying will save you money - and get a trade card is the easiest step you can make towards cutting your bills. Be sure to specify carefully to ensure materials arrive in the right amounts at the right time, to avoid costly delays.
6% on fees
These will include finance costs and charges for professionals such as solicitors, architects, engineers, surveyors, planning consultants, project managers etc.
1% on insurance
Site insurance and structural warranties are important for peace of mind and because they're a prerequisite to gaining completion certificates.
1% on utilities
For most urban plots the cost of getting utilities on site is reasonable, but be prepared to pay more in rural areas.
0.3% on standard applications
These include planning, building control and utility application fees and typically run into four figures.
0.1% on VAT
Most self builders can reclaim their VAT, as building new homes is zero-rated. But do bear in mind that you have to claim back VAT on many items at the end of the project, which can have cashflow implications.
Having a sensible reserve fund is critical. Problems can come as early as the groundworks, while design changes later on are likely to send costs shooting up. Some self builders will set as much as 15% aside as a contigency fund.
Back to Media Menu
© Your Home Architect 2008-2013 Architects Nottingham, Architect Nottingham, Architects Nottinghamshire, Architect Nottinghamshire, Residential Architects Nottingham, Architect in Nottingham, Architects in Nottinghamshire, Architect in Nottinghamshire, Architect Newark, Architects Newark, Architects Grantham, Architect Grantham, Architects Derby, Architect Derby, Builders Nottingham, Planning Nottingham
© Architects Nottingham, Architect Nottingham, Architects Nottinghamshire, Architect Nottinghamshire, Architects in Nottingham, Architect in Nottingham, Architects in Nottinghamshire, Architect in Nottinghamshire, Architect Newark, Architects Newark, Architects Grantham, Architect Grantham, Architects Derby, Architect Derby, Architects Leicester, Architect Leicester
You are viewing the text version of this site.
Need help? check the requirements page.
You need Flash to use this feature