1 You have to do the mathWhat we mean by doing the math is that before you engage in any construction work aimed at making improvements to your home or office space, it must make financial sense. You don’t want to be making financial investments that will not give you any returns.
2 Set a scope for the workOne of the challenges many people face when they engage in construction work meant to make improvement on a space is that once they start, stopping becomes a problem because they keep noticing things that can be improved. It’s therefore important for you to be able to have some personal discipline by setting a scope for the job and sticking to it.
3 Have a realistic budget in placeWhether you are working on improvement of your home or office space, it’s very important for your budget to be realistic. It won’t make sense spending money on construction work, when the cost of this construction is higher than the value of the property. It’s your budget that will help guide you on whether you will be able to recoup your investment.
4 Ensure that you have an end goalAnytime you are engaging in an improvement project whether it’s for your home or office space, you must always know what your end goal is. This is because any financial investments you make must have a return therefore any end goal you have must demonstrate how you will recoup your finances from such a project.
5 Be ready for the disruption to your lifeIf you bring in a contractor to do some construction work in your home or office, you must realize that for the duration of the project, you will not be able to make use of certain spaces in your office or home. This can be a very frustrating period therefore you must be prepared for such disruptions to your life. Once you have thought really hard and done the math and it makes sense, then you can go ahead and bring in a contractor.
Know Your RequirementsWhat type and kind of home do you desire to build? How big is it and what style? What budget do you have in mind? Being aware of your needs is vital. The reason is that some building firms construct a wide variety of homes while others are specialists in a specific kind of house. What type of home do you intend to build? Are you a move up, first-time buyer, constructing your custom designed home or building a multimillion-dollar house? It is vital to select a builder who will cater to your requirements.
Experience is EssentialIt is essential to know the firm’s experience, especially the team. Each building firm once constructed their first house. Although you might encounter a new firm, do not ignore them. Get to know whether the team is experienced in the construction field. Getting skilled professionals is vital.
Insurance and LicensesConfirming whether permits are needed is vital for structures to be built in the county you reside in. The reason is that not each county has their own rules concerning building and planning permissions. But, if your county has them, it is vital to get a building firm that presents the appropriate licensing for constructing. Also, ask for verification about whether the firm has proper insurance in case of any loss or accident. The insurance should cover the building firm, you as a client and the building team. Warranties Your home is a significant investment, and it is necessary to get a firm that gives a warranty. Search for a company which offers a long-term warranty which can be transferred to a different owner also and includes a warranty for the third party. It means that in case the business closes, it is guaranteed that your problem is going to be solved. Besides, get a building firm whose service is fast and courteous. For example CDM-UK a construction firm based in Scotland, always offers clients a long term warranty before work commences. Lastly, request the building firm for referrals of previous clients. It will be an excellent resource for data to discover more about the contractor and whether the clients were happy. Ask the buyer whether the building firm is recommendable. You can consult your family and friends and also seek the opinion of a building inspector who will be aware of which contractors for home renovation meet code requirements.
Conduct interviews on PhoneMake a list of prospective building firms and call to make inquiries such as:
- Do they work on projects of the size you want?
- Can they offer financial references from banks or providers?
- Will they be willing to offer you a list of past clients?
- Are they working on other projects at the same period? If so, how many?
- How long will the firm take to complete the project?