Elise Weavers takes us through the journey of her build from beginning to end, from financing, sourcing quotes, pricing materials and the balancing act of managing the budget during uncertain times in the industry.
WELCOME TO SEASON 5 | EPISODE 7
Case Study – Building a home with cost increases AND sticking to budget
with Elise Weavers
IS IT POSSIBLE TO BRING YOUR PROJECT IN UNDER BUDGET?
My special guest today is Elise Weavers, a developer working in the construction industry who loves the process of building. Elise has just come to the end of her build, which is a project her and her husband started right at the beginning of covid.
IN THIS PODCAST WE ARE TALKING ABOUT
In this episode, we explore what it’s been like to build in this current industry and how she managed to bring her project in under budget with price increases left, right and centre.
Elise takes us through the journey of her build from beginning to end, from financing, sourcing quotes, pricing materials and the balancing act of managing the budget during uncertain times in the industry.
We talk about how Elise organised her build as an owner builder, starting with cosmetic renovations which they funded through savings for the first 18 months. While this was happening, Elise was working through the design process with design consultants and organising building permits in the background. She shares how this took an unexpected turn, requiring extra approvals and a lot more time.
Elise talks about her favourite moments throughout the building process and how she dealt with aspects of the build that were stressful and uncertain. We also talk about the difference between a construction loan and refinancing through an equity release, which is the path Elise took.
All in all, to bring a project in under budget during a particularly expensive time in the industry is an extraordinary feat. We can’t wait to see how Elise’s home comes to life as the finishing touches are complete.
LET US KNOW WHAT YOU THINK & WHAT ELSE YOU’D LIKE TO LISTEN TO!
Let us know what you think about this one, won’t you? If you’d like to leave us a little review, that would really help us out too… it’s so easy to do in the App where you get your podcasts. Thanks in advance! xx
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LINKS MENTIONED IN THIS EPISODE:
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