Creating a working budget for your next property project can be a hassle. The cost of building a home can be more than you initially expected. You need an accurate way to determine the amount of money you’ll need to invest in a property to ensure it gets made the way you want it. The free Property Construction Budget Calculator is a template that helps you calculate all the costs associated with building a property in a space that’s completely risk-free. You can change the necessary variable until you find a budget and a plan that works well for you. To give this template a try today, just follow the directions below.
Using the Property Construction Budget Calculator
To download the template, follow the link below.
With your Property Construction Budget Calculator downloaded and open on your computer begin in the “Budget” tab and enter your name, address, and phone number in the top right corner of the page.
In the first column of the template, you will see a selection of tasks that must be accomplished. If you need to enlist contractors to do the job, their name goes in the column by the task.
The next section to the right is for entering costs, labor, materials, and any fixed costs that you might have to pay. Keep in mind these are estimations. You’ll need to round up. The template will calculate the total for that task based on the information you’ve provided.
When you actually go to purchase the item, enter the appropriate information in the “Transaction History” tab so you can refer back to the cost and information later on. You will also list the “Actual” cost next to your calculated budget amount in the “Budget” tab.
The template will then take the two figures and calculate how much you are over or under your budget amount.
Using this template, you will know exactly what to expect when you start your project.
Download: Property Construction Budget Calculator
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