I’m sure we’ve all heard the expression, “the bigger the better” or how about, “the more the merrier”. While this may be applicable for some circumstances, when it comes to home ownership the construction costs tend to elevate exponentially. Unfortunately there are many occasions where clients come to us with their luxurious dream homes for construction costing and the chilling reality is realized when the actual cost is revealed unto them. In most cases, the client cannot qualify for such a big mortgage when going to a financial institution.
Now for those who have substantially deep pockets, more power to you! But for the average Joe, whose pockets lean more to the modest side, I hope this article can prevent much heartache and despondence towards building your home.
The reality is, if you want a four bedroom spread with an office space, two car garage, large kitchen, open concept living and dining area plus a second sitting room with all the bells and whistles, be prepared to spend a hefty penny getting all your must-haves.
Basically, I am alluding to the fact that with every square foot of space you add, there is a consequential cost attached to it. But please, do not get too disheartened, I am not trying to deter anyone from acquiring their dream home, I am simply conditioning your mind when selecting your house design and allocating budget.
On the brighter side of things, there are ways to achieve your must- have list while staying on budget. In my firm we try to establish a practical square footage for your home even before we start to put pen to paper. This allows you the client to hone in on sizes of particular spaces, as well as actual rooms and areas required to live comfortably.
Our project programme planner allows us the ability to forecast the estimated cost of your project before it is even designed. Depending on your budget we can tweak the overall area so that the design for your space will be a practical one. The pragmatic approach is to know your budget or mortgage qualification before approaching a designer. This way parameters for spatial requirements can be decided before the building plans commence.
If you have a square footage in mind for your future home, you can visit our website and plug in your figures on our construction calculator. This is an estimator that can help you along your journey to better understanding the needs of your construction project.
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