Planning and Budgeting
WellCore Corporation is one of the few full service construction companies that can provide you with an all inclusive, easily comprehensible and fully transparent budget from the moment you start designing your home.
What sets us apart is our approach to each build, that starts from design and budget. Our budgeting process is one of the most transparent, accurate, and efficient systems in the construction industry to day.
Financial planning and budgeting with Wellcore starts in the early stages of design, when we begin to discuss the concept of the future project. Utilising the decades of project management experience we have acquired, our architects are able to provide you with ongoing costs during your initial design. If anything exceeds your budget expectations, you have the capacity to alter it right away to avoid any unexpected charges down the road. This ensures that the drawings that are being submitted for permits meet your budget expectations.
Once we start applying for your permits, we create a detailed budget for all the works included. Based on all of our past experience, we can say that the preliminary estimate can vary from the actual budget between 5%-30%. The variance in costs comes from the level of chosen finishes, possible upgrades, and in some rare cases unexpected costs such as serous drainage issues that have to be dealt with.
The most common question we get asked is how to lower the budget. The benefit of working with a full service construction company is that we can always make suggestions on a variety of solutions. The general rule, assuming no significant changes are made to the permit drawings, the budgets are fairly flexible. The potential for savings can be up to 25%. There are a fixed number of jobs that can be negotiated such as major utilities jobs and interior finishes and fixtures (flooring, appliances, bathroom fixtures, kitchen fixtures, cabinetry, and electrical fixtures).
Our long standing connections in the building industry gives us an advantage of getting the best quotes for our sub-trades. . All of our suppliers offer various price points for all finishing materials, thus it is easy to find options under the original budget. We encourage the homeowners to shop around to find the best deals on appliances, vanities and other finishes, or they are welcome to use our accounts with some manufacturers and suppliers. If the price of these items are below the budget costs, we credit the difference to the customer‘s account.
We are extremely proud to provide detailed and accurate budgets without any hidden costs or misleading information. This allows our customers to plan their finances accordingly and lets them go through the build financially stress free.