What goes into the total cost of a project?
It’s easy to focus in on your construction costs, which cover the estimated price of the actual build itself, but don’t think that your expenses stop there. You need to consider the price of your overall project. This incorporates the professional services, including but not limited to your architect, structural, mechanical, electrical and plumbing engineers. Additionally, you may need to account for the price of Building Regulations, party wall surveyors and planning consultancy fees, project insurance and any initial surveys that you may need. Professional, regulatory and legislative expenses can add up to around 15-20% of your construction costs.