What affects my Construction Budget? Your Guide to Building Projects

VMN Design Architects | Specialists in Commercial, Retail, Residential, Healthcare, Cultural, Tourism, Interior Architecture | Ph: 1300 820 840

23 May

Architect or Building Designer or Draftsman?

Building, Design, 23/05/2017

Choosing the right person for your building project depends on the experience level of the person you are hiring to help you deliver your construction project successfully. Whilst all three professions may have some similarities, there are in fact great differences between them. And if you ignore the differences between the professions, you may end up compromising your project. A construction project quite often involves various disciplines in the industry putting their minds together to help deliver a complete building successfully. There is a lot of money involved, and its in your best interest to decide who should help deliver your.

8 May

What affects my construction budget?

Building, 08/05/2017

There are several factors that can affect a construction cost significantly, hence your budget. Some of which are as follows: Slope of the site; Suburb or location of the site; Ground and foundation conditions; Demolition and clearing the site; Council requirements or development control legislation; Availability of services to the site; Size of the project; Quality of fit-outs, finishes, and fixtures; Repetition or simplicity in design; Comprehensiveness if building design documents; Economy and market forces; Method of construction; Conditions of contract. Once an architect helps prepare a building design concept for you, it is best to have a preliminary construction cost.

8 May

How do I set a realistic budget for my construction project?

Building, 08/05/2017

Most renovation or new building project budgets are determined by the way you approach your project. Your approach to the project may fall into any one of the following: Investment Project Approach This approach to determine your project budget is concerned with maximizing the rental return of an investment property. It may also be concerned with achieving long term capital growth, and ongoing running and maintenance costs. Development Project Approach This approach to determine your project budget is concerned with the resale of your project after completion. The design brief is formulated and costed to achieve this profit. Affordability Approach.

8 May

How do architects charge for their services?

Company, 08/05/2017

As the site, brief, and budgets from project to project can differ greatly, architects generally offer a range of ways to charge for their services: Lump Sum or Fixed Fee based This is a fixed fee to you based on the amount of work involved. The advantage to the client is that they know the cost upfront, and this is independent of the cost of the building. The disadvantage to the architect is that the architect carries the risk of losing money if the fee is not adequate. Most fixed fee arrangements have an additional hourly fee component to help.

Older Posts