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How to estimate your build costs

Getting a firm grip on what goes into your project will help focus your design choices and ensure builder’s quotes are accurate; potentially saving you a small fortune, says Chris Bates
Build It’s virtual Benchmark House was recently costed using the Build It Estimating Service.

If you’re just starting out on a self build project, there’s probably one big question at the front of your mind: how much will it cost? After all, this is an opportunity to create a truly bespoke home and you’re understandably going to want to achieve the best design and build quality you can afford, without paying over the odds. The key to achieving this is to draw up an accurate budget and cost plan. Here’s how to get it right.

How can I establish a budget?

The first step to figuring out how much you have to spend is looking closely at your savings, any equity you have in existing property and investigating what kind of funds you could bring in via a self build mortgage.

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About Build It

Build It magazine’s November issue is packed with detailed practical advice & inspiring projects to help you create your dream home. Here’s a taster of what’s inside: • Stunning eco renovation (page 54) • How to get loft conversions right (page 64) • What you need to know about insulating your home (page 70) • 10 design tips for wetrooms (page 85) • Save money by getting your project budget right (page 100) • How to get planning permission in the countryside (page 106) … and more!