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In this piece, we will explain how you can ensure that your architectural home is designed and built within your budget. However, before we delve into the details, it's worth noting that up to 80% of custom home designs never get built, a sobering fact.
Imagine spending more than $10,000 on plans and engineering, only to discover that your custom home project exceeds your budget. Unfortunately, this is a common occurrence, and it's typically the builder who bears the brunt of the unhappy client.
The Traditional Design-Quote-Build Process Is Flawed.
What does this mean? It means that the traditional method of constructing a bespoke home - drafting plans, obtaining three quotes from builders, and then beginning the project - is why there are numerous horror stories about builders out there.
Allow me to explain.
Suppose you approached three builders to quote your project, and two of them submitted quotes that were 20% and 30% over budget, while the third builder came in at 5% over budget. Which builder would you choose on a $1.2 million project? Most likely, you would choose the third builder.
However, what if that third builder missed key elements in the plans? What if the other two builders actually identified an item that reflected their prices but was overlooked by the third builder? You're likely to face a substantial variation.
This is the reality when you choose your builder based on price rather than quality.
So, What's the Solution to Building a Bespoke Home in Wellington Within Your Budget? It all begins with a collaborative approach during the design stage. Architects and designers create plans, while builders construct. Additionally, the builder is responsible for over 92% of your overall budget.
Therefore, it makes sense to involve your builder during the concept plan stage to keep costs in check and ensure that your project is viable within your budget. There is an additional advantage to this approach; selecting your builder before entering the concept plan stage ensures that you select them based on quality rather than price alone.
If you want to learn more about building your dream home within your budget in Wellington, we're here to assist you. Click here to schedule a no-obligation, free Project Discovery Call with one of our team members.
