Tips on Managing Your Property Development Project
If you’re planning a significant bit of property development, it would be wise to begin by employing architects. If you can afford the fees, they’ll ensure that any necessary planning permission is obtained. They’ll not only design your dream plan in detail, but ensure it conforms to current building regulations too. To economise on the project, rolling up your sleeves and getting stuck into the DIY aspects, such as painting, decorating and even, if you’re able, some plastering, will save you a significant amount of cash. The more sophisticated aspects of the project, however, will usually mean calling in another expert. A good, reliable builder is worth his weight in gold. Don’t randomly select one from Yellow Pages though, always go on trusted recommendations and ask to see examples of their work. Good builders are usually proud to display their handiwork.
Project management is pivotal. You’ll need to calculate out labour, materials and price schedules and wrap these up into a contract. Avoid paying hourly or daily rates, you need to know the price for the complete job and that the contractor will deliver. However, you should always allow an extra 10% for contingencies.
Work out all your major purchases at the design stage, including materials and items likes basins, baths, appliances and granite worktops don’t be left having to improvise as work proceeds as this can be very expensive. Upgrading your home involves installing basics that you shouldn’t compromise on, especially if it’s going to be significantly larger, like getting a new, more powerful boiler, expert plumbing and electrical installation. Most importantly, throughout the construction phase, daily communication with your builder will prevent expensive misunderstandings.
