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dixieb

Overall contruction budget, I am confused.

9 years ago

What is included, or if easier to explain, what is excluded in a construction budget? What does an architect base his percentage on? Is anything excluded? What does the contractor base his percentage on? Is anything excluded? Where does the cost of landscaping/hardscaping fit in? Can't quite get a handle on this. Thank you for your advice.

Comments (5)

  • 9 years ago
    last modified: 9 years ago

    This is something to discuss with your builder/architect, and is a line item in the contract. We did not actually include a landscaping budget in ours (I do it myself), but normally he does include one for sod/basic flowerbeds- sprinklers would also be here. I

  • 9 years ago

    I think it depends on your builder. My builder has their standard construction features laid out on their website. When they started doing the bid they sent over a pdf of all the standard finishes and a pdf of all the upgrade options to pick what we wanted. Landscaping and fencing was not included in our final contract but he did give us a price (10k fencing, 8k landscaping) if we wanted to include it.

    I didn't work directly with an architect, just made changes to a standard plan from the builder and total was about $1200 for the changes to be drawn up.

    here is a snip from my builders website for what is standard for building a home with them. hope this helps!!

  • PRO
    9 years ago

    There's no "standard" for what's included. You have to talk to each person for their answer. When it comes to construction contracts, there are several different types--fixed sum, time and materials, percentage, etc. Each has it's pros and cons. A number of threads here explain the differences in construction contracts, so you'll find them if you do a search.

    There's also differences between a tract builder, a custom builder who will build something he has built before and a custom designed home by an architect and built by a general contractor, where the project may be bid competitively or awarded based on a negotiated construction contract.

    Good luck on your venture--exciting times ahead!

  • 9 years ago

    What is included is as individualized as each build and the homeowner's relationship with the bank, and the contracts between the professionals.

  • 9 years ago

    Thank you, Everyone.

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