Did you do your own research to see if your budget was realistic? A quote at three times your budget seems insane.
Surely your architect engaged a Quantity Surveyor to price the job? This should be a line by line detailed costing and not indicative.
We are about to start a job and from scouring the internet, it looks like costs in Dublin will be about 4k per sqm for extension and anything from 2-3k per sqm for deep retrofit renovation. Our budget is within this range, but could go over.
The quotes on Room to Improve do not reflect reality. The construction professionals are trying to make themselves look good, so the prices are lower.
In our case, the job will be so expensive and the finished house will not be worth what we are investing into it. This goes against good financial advice of course. However, it's our forever home and we will be staying here for the foreseeable. It's a good area, so we think for us, it's worth it.
From what I have learned, builders will not entertain you unless there is a healthy profit in the job. Now that prices have stabilized, it might be easier for them to work this out.
Surely your architect engaged a Quantity Surveyor to price the job? This should be a line by line detailed costing and not indicative.
We are about to start a job and from scouring the internet, it looks like costs in Dublin will be about 4k per sqm for extension and anything from 2-3k per sqm for deep retrofit renovation. Our budget is within this range, but could go over.
The quotes on Room to Improve do not reflect reality. The construction professionals are trying to make themselves look good, so the prices are lower.
In our case, the job will be so expensive and the finished house will not be worth what we are investing into it. This goes against good financial advice of course. However, it's our forever home and we will be staying here for the foreseeable. It's a good area, so we think for us, it's worth it.
From what I have learned, builders will not entertain you unless there is a healthy profit in the job. Now that prices have stabilized, it might be easier for them to work this out.