Budget Challenges

It’s been roughly 3 weeks since the quotes came back from the contractors who were invited to tender. In the end there were not as many responses as I’d have liked, but still enough to provide a sensible comparison.

My main conclusion is that it’s not going to be possible to build the house I’d ideally like for the budget I have available, so some compromises will be required. I’m sure everyone else who has been in my position has faced the exact same issue!

The outbuildings are the main area where there’s room for compromise. The basic plan for those is to reconstruct the old barn, stable, hay loft and cow sheds that were previously part of the farm complex, for use as storage rooms, garages and workshops. They’re sizeable and cover quite a large area, and hence they’re really quite expensive to build. (I’ve just realized they’re going to cost almost exactly as much to build as I sold my old house for!) I was hoping it would be possible to construct the outbuildings as a water-tight shell for me to fit out later, but to do that would mean making lots of compromises with the specification for the main house which I suspect I’d come to regret. I’ve therefore decided that I’m only going to build the main house at this time and to build (some of) the outbuildings “later”. It took me a few days to come to terms with needing to do that, but now I’m happy it’s the right thing to do.

The contractors on my shortlist are revising their quotes accordingly. Once the amended quotes come back they should (just!) fit within my overall budget, after allowing for contingency etc. which will then leave me with the problem of deciding which contractor to choose.

CC BY-SA 4.0 Budget Challenges by Marsh Flatts Farm Self Build Diary is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

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