4 Cutting corners
Even if you are working within a tight budget cutting corners on design and materials does not make economical sense to. Do not cut corners on the fundamentals of your build such as bricks, roof tiles and windows because you want to save money for that fabulous kitchen table imported from Sweden. If hiring tradesmen on your own do not cut back on labour costs. High quality workmanship comes at a price and leads to a higher value property and a better built home.
5 Paying up front
Paying builders in advance is another common mistake. If a builder does not trust you enough to start work without cash up-front, you should not trust them either. Set up terms and pay when different stages of the work are completed.
6 Not planning your budget realistically
Going over budget happens in all aspects of our lives. In any situation whether it is going on holiday or organising a wedding having a budget with a contingency is a must. The same applies to a new house build. Make sure your budget is as detailed as possible. Finding out other people's build costs can also be an excellent guide.
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