Hello everyone!
There is one question that just won’t let me go, and that is about the budget.
It’s clear that you usually plan with an approximate amount in mind.
Since we are about to start building with an architect, I am often shocked when I read things like, “The budget increased from 400k to 800k”?! I wonder, doesn’t that mean financial disaster for some people?
You plan based on a certain amount that you finance, and if that amount suddenly doubles, won’t the entire financing collapse?
Sure, I mean exceeding the budget by 10% is still manageable, but doubling it?
So my question is: What options are there to actually cap the budget?
Put it in a contract? Not choose an architect at all, but rather a general contractor? Or what else is possible?
For me, it’s just hard to understand how a professional can misjudge construction costs so drastically, as described above – I do wonder if such a person shouldn’t have chosen a different profession.
Thanks in advance for your opinions on this.
There is one question that just won’t let me go, and that is about the budget.
It’s clear that you usually plan with an approximate amount in mind.
Since we are about to start building with an architect, I am often shocked when I read things like, “The budget increased from 400k to 800k”?! I wonder, doesn’t that mean financial disaster for some people?
You plan based on a certain amount that you finance, and if that amount suddenly doubles, won’t the entire financing collapse?
Sure, I mean exceeding the budget by 10% is still manageable, but doubling it?
So my question is: What options are there to actually cap the budget?
Put it in a contract? Not choose an architect at all, but rather a general contractor? Or what else is possible?
For me, it’s just hard to understand how a professional can misjudge construction costs so drastically, as described above – I do wonder if such a person shouldn’t have chosen a different profession.
Thanks in advance for your opinions on this.
The answer is quite clear in the comments here.
It becomes more expensive when, during planning and construction, you constantly want bigger, nicer, more!
However, if you are disciplined and know what you want from the start (which is not always easy), the costs calculated by a good architect should not deviate more than 10% from the actual final expenses.
It becomes more expensive when, during planning and construction, you constantly want bigger, nicer, more!
However, if you are disciplined and know what you want from the start (which is not always easy), the costs calculated by a good architect should not deviate more than 10% from the actual final expenses.
S
Steffen8023 Sep 2016 09:53apokolok schrieb:
The answer is quite clear in the comments here.
Costs increase when you keep wanting bigger, nicer, more during planning and construction.
However, if you are disciplined and know from the start what you want (which is not always easy), the costs estimated by a good architect should not differ from the actual expenses by more than 10%.If you are that disciplined, the actual costs should be 10% BELOW the estimate. A good architect usually calculates a slightly higher budget from the beginning 🙂
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