Having a clear budget from the outset will make the decision making process significantly easier and quicker. However, sometimes it can be difficult to define the project budget until you know what options are available and the likely cost associated with each. Therefore the below is a useful starting point when starting to develop an outline cost for the project and assessing what could and couldn't be achieved with the budget available. Please note, that the fee's and costs listed are intended to be a guide only and a more accurate figure would be developed as the project progresses.
The 3 main elements of the project that need to be considered are:
- Professional fees and charges
- Build cost
- Fixtures, fittings & soft furnishing
Professional fee's and charges:
- Legal Fees, Stamp Duty and Land Tax: (if applicable)
- Design Fees: Architects charge 7-15% of the total build cost for a service involving design and supervision. Our guide prices for a design and drawing service are as follows:
- Small side extension £400 - £750
- Single storey rear extension £900 - £1400
- Two storey rear or side extension £1500 - £2000
- Internal remodel - £500 - £2000 (depending on scale and complexity)
- New build or replacement dwelling £2500 - £3500
- Structural Engineers’ Fees: £250 - £1200 depending on the scale and complexity of the project
- Planning Application Fees: £200 - Depending on region
Build cost - See our outline build cost guide at the bottom of the page to see our outline guide to costs for the most common projects based on a single main contractor completing the build and project management.
Fixtures, fittings and soft furnishing:
Fixtures, fittings and soft furnishing costs can vary greatly depending on the quality, purpose and style required and who will be completing the work. Some clients are looking for a turnkey project, others will be happy to complete the interior decoration themselves and both options have a significant impact on this element of the project cost.
Contingency
Thank-fully the full budget doesn't need to be available at the beginning of the project and the outlay can usually be phased as the project progresses, it is really important however to allow a contingency for unexpected or unforeseen costs and we would advise in the current market to allow 5-15% of the build cost depending on the scale and type of project.
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