All delays to a house building project or home renovation are going to incur an extra cost, right? It depends.
If you’re borrowing money then definitely. Any time you have to pause your project, but are still incurring fees, charges and/or interest, it’s going to cost you more.
But if you’re not borrowing, it can actually be beneficial to you in some cases to have a delay. Maybe you can wait for the price of certain materials to fall. Or a certain contractor you want to work with can fit you in, but not for a few months.
From experience there are three main reasons for a delay to your project:
1. The Great British Weather
It’s usually the rain. Quelle suprise. But so too can heavy snow. Wind. Ice.
The rain can be decidedly bothersome at the foundation and groundwork stage. But it also stops most of the external works from taking place. Bricklayers in particular.
2. UK-wide labour shortage
Sadly, in the UK right now we have a shortage of quality talent in the building industry.
3. Running out of money
If you don’t have any money left to complete your project then, well, it’s more than delays to your project you have to worry about.