Welcome to Episode 11 of The Financial Freedom Podcast, proudly sponsored by Property Filter! In this in-depth technical session, hosts Phil Bygrave and Timothy Witt continue their Build Better series with a comprehensive look at creating and managing effective build budgets for HMOs. Tim takes us step by step through his proven budgeting methods, from developing a detailed scope of works to understanding the intricacies of demolition, structural work, first and second fix stages, and finishing trades. Learn how to accurately price for trades, avoid common pitfalls, and ensure your project stays on budget. We also cover how to handle provisional sums, set realistic contingencies, and pick the right builder for your development. Whether you’re experienced or just starting out, this episode is packed with valuable insights on managing costs for small-scale property projects and avoiding expensive mistakes. Stay connected with us through our social media channels: Facebook: ⁠⁠https://www.facebook.com/propertyportfoliobuilding/ LinkedIn: ⁠⁠ ⁠https://www.linkedin.com/company/propertyportfoliobuilding/ Instagram: ⁠⁠https://www.instagram.com/propertyportfoliobuildinguk/ YouTube: ⁠⁠youtube.com/@propertyportfoliobuilding/⁠⁠ Websites: ⁠⁠propertyportfoliobuilding.co.uk⁠⁠ & ⁠⁠invest-prop.co.uk⁠⁠ This podcast is proudly sponsored by Property Filter—Find Great Deals Faster. 🎁 Get a FREE TWO-WEEK TRIAL WITH PROPERTY FILTER here: https://lp.property-filter.co.uk/claim-your-free-access-ppb Connect with our hosts: Phil Bygrave: https://www.linkedin.com/in/phil-bygrave-8b792421/ Facebook: ⁠https://www.facebook.com/phil.y.bygrave Get in touch with Tim here: LinkedIn: ⁠⁠https://www.linkedin.com/in/timothy-witt-77b0275b/⁠⁠ Facebook: ⁠https://www.linkedin.com/in/timothy-witt-77b0275b/ For all enquiries, please contact us at: ⁠[email protected] Tune in to become a budgeting pro and build your way to financial freedom!