Managing money and financing your build
MARK STEVENSON has worked in construction for more than 30 years and is Potton’s managing director
Whether you like it or not, money makes the wheels of self-building turn and if you don’t have enough, your build will eventually grind to a halt — that’s if you manage to get started at all.
Anyone that decides to self-build will be doing it for a particular reason. For some, it’s the craving for an individual lifestyle, for others it may be the pursuit of sustainable living. It doesn’t matter what your drivers are, without the necessary funds, your dream could remain a fantasy or worse still, turn into a nightmare if you can’t fund the project through to the end. Getting your finances in order and working out how much money you need is therefore critically important to successfully getting the build underway.
The key issues to sort when it comes to money are as follows:
• Establish your budget and check it works!
Once you’ve established a reliable budget, compare it against the expected build cost,
