Many architecture projects go over budget. It could be for a number of reasons, from forgetting about certain fees to underestimating materials. In the worst cases it can put the whole project at risk. We can support clients with budgeting and planning for all the costs. As a result we can help them to create some of the best residential architecture London has with fewer financial concerns.

The build

When most people think about their budget, their main focus is on the building itself. They will be looking at things like the construction materials, interior fittings, and the price of hiring different contractors. As this is the core of the project, it will represent the biggest costs.

Fees

Every budget should also include the fees you need to pay. There could be several but you should be able to get a good idea of what they will be. Remember to include architect, local authority, and survey fees. It is also a good idea to keep some extra room in your budget in case there are any extra surveys or planning revisions.

Finance and insurance

It is easy to forget to include both of these in your budget. However, doing so can cause big problems. You need to consider how much you will need to pay to finance the project, especially if you are lending and want to avoid paying huge interest. Insurance is something you should never scrimp on either; it could protect you if there is an issue on the project.

Other factors

While they may not represent big costs alone, when you add them all up there are a number of small fees that could become a very large expense. For example, are there any extra fees to account for access issues on the site? You may need to pay them every time you get materials delivered. Then there are things like landscaping and service connections.

Budgeting for residential architecture in London

Coffey Architects can take the time to sit with each client to discuss their budget. We can help them to consider all of the various costs that they need to plan for. This can reduce the risk of unanticipated bills. We have a huge amount of experience so we can be a really good resource for anyone who has not taken on this kind of project before.

So, if you need help with residential architecture London has no better architect to call on. Speak with us today and we can help. Your project and money are in safer hands with us.