The construction budget is the amount of money that the owner arranges for the building of his or her home. This budget must cover every aspect of construction—from the foundation to the roof. The construction budget must be set before floor plans can be chosen or building begins as it may determine what the owner can afford. Once a budget is set, the general contractor can go over various options and help the owner come up with an affordable plan. After everything is finalized, the building will commence. Typically, the construction budget is set by the lender who is financing the build. The amount of money that the bank is willing to lend must cover the land purchase and the building of the home. However, if the owner wants to take out a smaller loan than what the lender offers, he or she can easily adjust the budget.