3 Questions You Must Be Able To Answer Before You Decide To Build
With an ever increasing number of builds going out to tender and then being put on ice because the results are simply out of the clients affordability range, one can’t help but wonder whether the following three simple questions were asked and answered during the planning and design stages:
- WHAT IS YOUR BUDGET?
You need to have a clear and definitive answer to this question before you embark on this journey because it is ultimately what drives the process and will not only determine whether or not your project reaches its successful conclusion, but may prevent it from even starting
- WHAT IS THE COST TO BUILD PER SQUARE METER?
It is critical that you consult with your preferred builder to establish what the going rate to build in your area is as this will determine the size of the home, office or factory you can afford. This should form the backbone of the design process going forward
- WHAT HIDDEN COSTS ARE YOU LIKELY TO ENCOUNTER?
Transfer fees, utility connection fees, professional fees, verge deposits, security and maintenance levies among others are all hidden costs that often catch people unawares so it is critical that you get a firm grasp on these before pressing the GO button
Irrespective of which professional you choose to engage with from the outset, if they do not ask or offer assistance in answering these three simple questions then they cannot serve you well. If you need help putting a feasibility together please don’t hesitate to contact us.
