How important is it to have a budget when you build a house?

It is always beneficial, when you work with income and expenses, to have a budget. Even more so when you build your own home. This might be the single most expenditure a person would do in their lifetime.

When you speak to people and ask them what their budget is to build their dream house, they would often give you a lump sum figure, for example of R3 000 000.00.

This leaves the perception that you have three million rand to build the actual house. This is however far from the truth. Below is a simplified analysis of what the approximate proportional distribution of your budget would be.

If you need assistance in calculating your budget to build your dream house, please contact us 082 552 6350 and have a chat to a registered quantity surveyor who would gladly assist you, because we don’t just sell, we solve.

Approximate distribution of budget

22 November 2021

Johan Richards