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**We put this budgeting tool together to give you the bigger picture view of your project and all the costs that come along with building. If you've got a vision in mind but you're worried about blowing your budget, our budget navigator tool is here to help.
Once youâve mastered your budget, your build will be so much easier because you understand the bigger picture of your financials and can design and build in line with the plan youâve created! â**
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Letâs create a project budget that actually provides clarity on the costs youâll encounter when building a new home đ
Start by entering your Entire Project Budget into the âTotal Budgetâ cell below:
Entire Project Budget = the maximum $ you are willing to spend on your project from start to finish
Now that we know your Entire Project Budget, we can use a % based formula to figure out the budget for each expense youâll come across on your new home build. Take a look at the breakdown below đ
Youâll notice the âBuild Budgetâ might not be as high as you expected. When first time home builders assume their entire project budget is the same as their build budget, they inevitably get overwhelmed as other costs start to come up during the build process. This misconception is a common reason for budget blowouts on new home builds and something Iâm determined to help you avoid!
https://www.aaarchitect.com.au/downloads/architects-guide-to-preparing-a-building-budget.pdf