Ep84 – Budget pitfalls to avoid

In Part 4 of a four part series about build costs in Ireland, quantity surveyor Keith Kelliher explains how to budget for your build and what pitfalls to avoid, including:

  • Why the most common budget buster is not having a budget in the first place
  • How to deal with price increases for materials when self-building
  • Rate of inflation on materials 4 per cent per year
  • Can ground conditions be budgeted for? Worst case scenarios.
  • Most common budget busters: lighting and electrics, how much each electrical point will set you back, how many do you need?
  • Benefits of quantifying each element
  • Pre-existing services, how to prevent nasty surprises
  • PC Sums not being realistic, e.g. windows including costing estimates
  • Where windows are coming from and how they’re designed, knock-on effects with blinds
  • Where money goes into windows, ironmongery costs
  • Kitchen costs, how the add-ons work
  • Bathroom costs, where to spend and where not to spend
  • Which trades are more expensive
  • Staircase and carpentry costs
  • Will modular homes save you money?
  • Benefits of employing a quantity surveyor
  • Benefits of employing an architectural designer

Share and Enjoy !

Shares

Written by Astrid Madsen

Astrid Madsen is the editor of the SelfBuild magazine. Email astrid.madsen@selfbuild.ie

Average house prices in ROI hit record highs

Planning application fees increase from today