Important points in building a construction/renovation budget

Building a budget for home renovation It is among the most important elements that we must consider in the home design process.
Therefore, before we decide to dismantle our house or apartment for the home of our dreams, we must also know that all of this will cost us money.
And usually quite a few...

How will you know how much it will cost you to actually fulfill your desires?

The costs vary quite a bit and depend on the level of finishes of the execution on site and also depend on various factors such as: the type of quality and level of materials chosen, the amount of furniture we will replace, the condition of the infrastructure on site and unexpected problems in achieving our goals, etc. The execution costs can range from a minimum amount to infinity, depending on our requirements.
Don't forget that when renovating and designing your home and adapting it to your needs, our dreams are always directly related to your budget! Therefore, define an amount that suits you as a financial expense for the project.
This amount is an initial and general amount at this stage.
Consult with professionals to review the construction/renovation plan, after you have created a program for your needs.
Make a wish list and prioritize so you can fit it into your budget.
It is advisable to create an Excel table that indicates: the cost of consultants and professionals, the cost of various fees and taxes, the cost of the contractor, the cost of fixed materials, the cost of furniture, and leave a section for furnishing the house.
Keep in mind that final costs vary due to the level of finish, quality, and schedule.

Estimating the costs of the project, even if done somewhat roughly, is essential for proper financial management on your part.

The budget, which will be prepared with the help of the building's architect, will determine the scope of construction and the possible level of finish.
Take into account that even after building a budget with a professional (the architect/designer/supervisor), there will be additions and changes ranging from 10-15% from various sources such as delays, which sometimes fall into changing geopolitical situations, changing labor costs, deliveries, and inventory.
Prepare for this and don't be surprised by glitches and mistakes. The construction process is a complex process, small mistakes are expected and can be corrected, big mistakes are something that must be prevented. Therefore, I recommend getting a consultation before you move forward. This will fix you up, give you professional tools, make you feel confident and gain knowledge. Contact me for a consultation. There are different packages.

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