It’s a good idea to plot a timeline for the build and payment schedules at this point, so you can quickly see each stage and when you’ll need cash available.
If you find that you’re over budget, this will give you a clear view of which areas are more costly than expected, and where you may be able to cut back.
Your home building project is likely to be one of the largest single spends in your lifetime. Looking after your finances, in a controlled and planned manner, will help keep you on track and on budget. Losing control of your cash can lead to stressful delays, unexpected costs and potentially an unfinished build with no money left.
The NSBRC Guide to Managing Money will give you the foundations for a successful, worry-free project allowing you to focus on the key decisions and enjoy the excitement of creating your new home. Ideal for anyone taking on a self build, renovation or large scale refurb for the first time, our new virtual course is delivered by an experienced presenter with a background in designing and building homes.