You can then compare the expected versus actual costs of the project to see where the project went over or under budget. Keep track of the actual cost for each phase in the “actual cost” column of your budget template. With your expected costs in place, it’s finally time to start the project. This is a great way to make sure you stay within your budget. If it does, you can always go back and adjust some of the numbers. When you have a project coming up, open your construction budget template in Excel (or whichever program you prefer) and start inserting your estimated costs into your spreadsheet's "budgeted cost" column.Īs you compile the information, make sure the sum cost of all the phases doesn’t exceed your overall budget. How to use your home construction budget template. Simply download the one that best fits your project needs, and you’re ready to start construction. If you’re unfamiliar with building spreadsheets from scratch, there are many free budget templates available online. Once you have your spreadsheet labeled, save it to your device, and you have a home construction budget template you can use for future projects. Dates can be especially helpful if you have recurring bills you need to pay throughout the project, like budgeting for rent payments. Many construction professionals include dates on their templates to create a weekly budget, so they don’t exceed their available cash flow throughout the project. You can also include other information like the vendor used, an over/under calculation, or anything else that might help you stay on track. You never know what unexpected costs will appear during a construction project.Īlong the top x-axis, label columns for their budgeted and actual costs. Here are a few of the most common:Īdding a few “other” tabs at the bottom of your spreadsheet is also a good idea. To start your construction budget template, open a new spreadsheet or document and label each cell on the y-axis with the various phases of a construction project. That way, you can track the overall project cost by phase. Ideally, your template should include spaces for all the major parts of a home construction project. What to include in your home construction budget template. Here’s how to start your own printable home construction budget spreadsheet. It’s typically a spreadsheet that breaks down all aspects of the construction project, so you can allocate money and plan appropriately. Keep your spending on track with a home construction budget template to manage expenses throughout every project stage.Ī construction budget template is a way to estimate project costs before you even put on your toolbelt. How to make a construction budget template.Ĭonstruction projects can quickly get out of hand - and over budget.
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