2019-07-01 Homebuilding & Renovating

homebuilding.co.uk 147

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W

hetheryoulikeit ornot,money

makesthewheelsofself-building

turnandif youdon’thaveenough,

yourbuildwilleventuallygrindtoa halt—

that’sif youmanagetogetstartedat all.

Anyonethatdecidestoself-buildwill

bedoingit fora particularreason.For

some,it’sthecravingforanindividual

lifestyle,forothersit maybethepursuitof

sustainableliving.It doesn’tmatterwhat

yourdriversare,withoutthenecessary

funds,yourdreamcouldremaina fantasy

orworsestill,turnintoa nightmareif you

can’tfundtheprojectthroughtotheend.

Gettingyourfinancesinorderandworking

outhowmuchmoneyyouneedis therefore

criticallyimportanttosuccessfullygetting

thebuildunderway.

Thekeyissuestosortwhenit comesto

moneyareasfollows:

OEstablishyourbudget

andcheckit works!

Onceyou’veestablisheda reliablebudget,

compareit againsttheexpectedbuildcost,

includinganyabnormals(one-offcosts

Managing

money and

financing

your build

Get your costings and

financing right, and

there’s a good chance

you’ll bring your

project in on budget.

Mark Stevenson

explains all...

MARK STEVENSON

has worked in

construction

for more than

30 years and

is Potton’s

managing

director

Before you start on site...

In this new series, I’ll explain

how to get ready to start your

project. In this article, we look at

financing the build and managing

money (previous issues looked

at what needs to be done to

secure planning approval and

setting up the project team). In

future issues, I will look at: legal

matters and site investigations;

completing the design and finalising

specifications; Building Regulations

and warranties; choosing the best

route to build; setting quality

standards; health and safety

compliance; appointing contractors

and suppliers; and setting up the

building site. Together these topics

provide an understanding of what’s

involved in successfully starting

your self-build project.

The Build BEFORE YOU START ON SITE... by Mark Stevenson