When Will I Know Exactly What My New Home Will Cost?

As a construction project progresses through the architectural design process, the definition of the budget increases at key stages. At the earliest design stage, the budget begins as an architect’s estimate based on their experience working with similar projects. When design drawings are produced, they can be referred to a quantity surveyor for a cost plan to guide decisions in a more detailed way. Several builders may provide quotations for the work, which must be checked and may be subject to additional negotiation.