House Planning Help Podcast
HPH115 : How to budget for a house build – with Mark Brinkley
Feb 10, 2016
Guest Mark Brinkley, author of Housebuilder's Bible, shares his experience on budgeting for a house build. Topics include challenges and fears of budgeting, finding affordable land, managing cash flow, being financially prepared, and budgeting considerations for a house build.
40:17
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Quick takeaways
- Having a detailed budget and sticking to it is crucial in a self-build project, considering factors like location, neighborhood expectations, and ancillary costs.
- Balancing financial considerations with desired outcomes, conducting thorough research, and timely decision-making are essential for managing cash flow and sticking to a budget during a self-build project.
Deep dives
Understanding the Challenges of Self-Build
The podcast episode discusses the challenges and roadblocks faced in the self-build process, including the struggle to create an energy efficient home. The guest, Mark Brinkley, a housing expert and author, shares his personal experience of buying a building plot and navigating the planning process. He emphasizes the importance of having a detailed budget and sticking to it, while also considering external factors such as location and neighborhood expectations. He advises making realistic contingencies and being aware of ancillary costs like landscaping, fencing, and outbuildings. The episode highlights the need for thorough planning and analyzes the complexities involved in estimating costs accurately.
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