Your Building Budget

‘What you have in mind sounds amazing! Could I confirm what your budget is?’ Queue the crickets in the background…

A recent catchup with fellow architects and building designers revealed that this is a frequent phenomenon for all designers when discussing project particulars, especially around the topic of your budget. Knowing what a client can afford is of great benefit to your architect or building designer as this greatly assists in managing your expectations around what is likely possible and achievable around your project expectations.

As your project develops, the term ‘budget’ starts to get referred to as your Total Project Cost which includes your Cost of Works plus all other costs associated with your project. Your Cost of Works figure is very much like a Matryoshka Doll, more commonly known as stacking dolls, whereby as your project develops with each step or layer, so will your Cost of Works ‘Figure’ as each project aspect is established until you reach your final figure.

Your budget is what will enable you to undertake your project so don’t be afraid to chat about it. Funding for your budget can come from sources like the sale of your current home, your savings, inheritance or generally via a loan from a financial institution.

Navigating your way around finance

As lending is a common path clients pursue to fund their projects, we contacted Zoe Kowalski from The Brokerage for some further insight. Zoe has been in the financial industry for over 13 years, and she has developed an extremely handy Budget and Cash Flow Calculator. She understands that planning a renovation can be daunting, but with the right tools and guidance, you can transform your vision into reality.

Zoe graciously made herself available to answer our questions:

Q. As a mortgage broker, what is your role?

As a dedicated Mortgage Broker, I’m here to help you navigate the financial side of your renovation journey.

Q. What inspired you to develop the FREE Budget and Cash Flow Calculator?

I am passionate about financial education and believe that the right tools can help us reach our financial goals. My own experiences in navigating finance, along with working in the financial industry for over 13 years, have inspired me to create the budget and cashflow calculator. With the aim to empower others to take control of their financial futures.

Q. How will your FREE Budget and Cash Flow Calculator assist folks thinking of lending?

The FREE budgeting tool will help you:

• Plan your budget according to your values
• Prioritise your renovation goals
• Keep track of expenses
• Make informed financial decisions

Q. Where can the FREE Budget and Cash Flow Calculator be downloaded from?

Simply click on the link below; fill in your details and click download.

FREE 'Budget and Cash Flow Calculator' download  

Q. Any last words of advice?

Whether you are looking to update your kitchen, expand your living space, or create a cozy outdoor oasis, we've got your back! Let's make your dream home a reality, one budget at a time.

Behind the creator, Zoe Kowalski:

I am passionate about financial education and believe that the right tools can help us reach our financial goals.

My own experiences in navigating finance, along with working in the financial industry for over 13 years, have inspired me to create the budget and cashflow calculator. With the aim to empower others to take control of their financial futures.

Zoe can be reached via the following details:

Email | zoe@thebrokerage.au

Phone | 0417 887 906

Want to know more about The Brokerage? Feel free to check out their website or follow them via their social media links:

Web: https://thebrokerage.au/

Instagram: https://www.instagram.com/zoe_thebrokerage/

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