It is crucial to include the purchase price of the land, notary fees, the cost of network connections (water, electricity, etc.), as well as taxes and duties associated with the project.
What percentage of the total budget is generally allocated to the land and construction? As a general rule, the price of the land represents approximately 30% of the total purchase amount, while the budget for the construction of the house accounts for approximately 60% .
How can I evaluate the total costs of my construction? It is recommended to make a detailed list of expected expenses, including materials, labor, and contingencies, to have a clear vision.
Is it useful to include a margin for contingencies? If so, how much? Yes, it is advisable to allow approximately 10 to 15% of your budget for contingencies, or even up to 25% for more security.
Costs vary considerably: for a kit home, rates can be less than €1,000 per m², while a traditional house can cost more than €1,500 per m².
How can I optimize my construction budget? To optimize your budget, consider comparing quotes from different tradespeople, choosing quality but affordable materials, and carefully planning your project.
What additional costs should I expect beyond the construction itself? In addition to construction costs, it is essential to include notary fees, taxes, moving costs, and possibly fees for exterior improvements.
How can I cope with an unexpected price increase during construction? To cope with rising costs, it is wise to build a financial reserve and adjust certain expenses to stay within your initial budget.
When should I start budgeting? You should start budgeting as soon as you plan to build, so you can adjust your financial expectations based on your project.
What common mistakes should I avoid when budgeting? Avoid ignoring incidental costs, underestimating the cost of materials, and overlooking unforeseen events that may arise during construction.
What mistakes should I avoid when setting my budget?
Avoid underestimating costs and neglecting incidentals. Also, make sure you accurately cost all aspects of construction to avoid rare surprises during the project.
Testimonials: How to manage your budget when building a house?
Marie, a 34-year-old architect, shares her experience: “When building my house, I realized that setting a precise budget was crucial. I started by making a detailed list of all potential costs, including the purchase of the land and notary fees. This allowed me to avoid unpleasant surprises along the way.”
For François, a 42-year-old businessman, planning was essential. “Before we started, I calculated the percentage of the budget allocated to the land, which represented about 30% of the total. The construction alone accounted for 60%. I also kept a 10 to 15% reserve for contingencies, which proved very useful.”