How Much Should You Spend on Your Home

Before you speak to anybody about building a home, you need to know your budget. Know what you can afford and what you would like to spend.

Keep in mind that these two numbers are never the same, so decide on your limit for the design & build of your new home.

Once you have decided on a budget, you must disclose this amount in the design process for your new home, so you can avoid creating a design that you cannot afford to build.

A professional will make sure they design you a home that suits your lifestyle and fits your budget. Contrary to popular belief, you will not pay more for a home just because you disclose a larger budget.

You are not negotiating the price at this stage of the process!

By discussing your budget openly with the designer at the beginning of the project you’ll be able to find out if what you’re after is achievable.

If the size and quality of the home you are looking to build is not within your budget, a professional designer can make recommendations on where to cut back based on your priorities.

It’s important to establish the fundamentals before the design work commences, otherwise you will find yourself constantly redesigning your home and struggling to hit the target budget.

If you are in the fortunate position of not being restricted by a limited budget, the design brief should focus on lifestyle and quality of finishes.

However, if budget is your #1 priority, capping the overall size of the home along with the architectural flare of the design will be important aspects to take control of early.