Recently I read a blog post from Mr. David from Comfort Boys Home Services Company shared with us that you want to get returns for the money you invest in your home renovation project. That’s why you found this article during your online research. This article highlights home remodels to consider if you want to spend money wisely on your next project.
Any realtor knows that the kitchen is the real selling point. That is why some homeowners spend top dollar, carving the best marble, getting top-tier appliances, and the latest designs to make their home return the maximum value when it comes to the sale.
These days buyers are pickier than ever and are interested in a two-story, not just a cramped home. Adding a two-story will increase the square footage of the house and therefore increase the value. While this will cost you a buck, people will be lining up to place their offers on your beautiful home once you decide to sell it.
Can you ever have too many bathrooms? Probably not. Adding a bathroom when none existed before can be what the next buyer is looking for in your home.
Homebuyers are looking for a luxurious space to entertain and lounge with their guests. Adding an outdoor area will increase the value of your home enough to cover the cost of the renovation.
Be smart about what you spend. If you think a home renovation will pay for itself, prepare something to tip the balance against you. Home renovations are full of hidden expenses, the extra costs when a project takes longer than planned, the monthly interest payments for a home equity loan. Not to mention the property taxes you may have to pay after a home re-evaluation.…
Lately, everyone wants a home that speaks to their tastes and needs. A custom home is supposed to encompass our preferences. It should also have the latest technology and be eco-friendly. When one steps into a custom home, it should be energy efficient and warm. Below are reasons why you should build a custom home.
Many people believe that building a new home is expensive, yet that is not the case. Instead, when building a new home, you decide how to construct it. Also, you set your budget limits. You have the chance to control the price of anything and everything that goes into your new home, from the materials to use to special features. A good custom home builder will consider your budget during each stage of construction.
You Decide the Location
Building a custom home gives you a chance to decide where to construct it. And this could be near your workplace or school because of your kids. If you have a specific location in mind, building a custom home is a good chance for you to do that. If you want a secluded place or be a community member, you can achieve that by building a custom home.
A new home will hold its value for a long time. There is no need to remodel the house or do repairs because you will have a new home. Everything is in perfect condition. Also, many building materials and appliances come directly from the manufacturer. Therefore, they come with warranties. If something breaks, you will replace it with little to no cost.
Building a custom house has advantages because you can design what you want. Ideally, you decide what to include in your home and its location. To be a success, choose a builder that will meet your expectations. …
Construction project planning entails determining its management and execution, from design to completion. This process involves identifying the design schedule, construction activities, and team structure. Here’s a guide to planning a construction project.
Create the Construction Project
Start by creating the initiation documents for the project, spelling out the necessary resources, people, and budget. Whether you have a small or big construction project, start by determining its feasibility and what you’ll need to complete the job. Therefore, create your Project Initiation Document, outlining all the necessary resources.
Draft the Initial Plan
In this step, turn your PID into a concrete plan. And this entails setting CLEAR and SMART goals. Take your resources to inform your broader strategy, ready for execution. Ideally, your goals should be:
Being CLEAR means your goals should be:
In this case, be detailed with timelines and budgets. Innovative project management software can help you manage your construction and track materials.
Execute Your Plan
Set a team and discuss the project details to ensure that you’re on the same page. Also, assign professionals to oversee your project progress and set expectations. If any of the managers don’t understand anything, allow them to ask questions. Additionally, maintain daily communications with your team. That way, you can monitor project status in different phases and track various activities.
Use performance indicators like performance, objectives, and quality to track the performance of your team. Make sure that every expert in your project meets the set parameters. If somebody doesn’t meet your expectations, find out why they failed and fix the problem.
Close and Evaluate Your Project
Evaluate performance using data from the field and then talk to the team about aspects that require improvements. Completing a construction project doesn’t mean the planning process is over. Instead, use data from one project and the lessons you learn in the next one.
Planning a construction project entails getting its overview from the beginning to the end. Follow these steps to ensure effective and efficient construction project planning. …
Nobody wants to encounter challenges when building a house. Essentially, every homeowner wants to start and complete their construction project without hassles. Here are tips for hassle-free construction that you should follow in your next project.
Select a Builder Carefully
Before hiring your builder, take your time to understand their skills and experience. Ask the builder to provide a portfolio. Ideally, find out what a builder has done in the past before hiring them for the job. Also, find out how the builder relates with suppliers and subcontractors. That’s because a builder that doesn’t connect well with such tradespeople can cause delays in your project.
Hire an Attorney
Before signing a contract with the builder, hire a lawyer to review it. A construction project is a significant investment. Therefore, ensure you have covered all your bases. Paying a lawyer a little fee upfront might save you a lot of money if something goes wrong during the project.
Investigate the Location
Before you buy the land on which you want to build a house, investigate it. Research the crime rate and school district. You can drive around to check how conveniently schools, restaurants, and shopping facilities are to the land. That way, you can determine whether you will be comfortable living in the area.
Before you finalize your home plans and start the construction process, compare your property with those near your lot. Make sure that your house won’t be the most expensive in the area. That’s because you won’t get the money you invest in it back should you decide to sell.
Get Bids from Several Builders
Don’t settle for the builder that bids the lowest. Instead, get bids from several builders and then evaluate their work. Ideally, do due diligence to pick a builder that will do an excellent job at a reasonable price.
Additionally, consider a local builder whose work and reputation are easy to research. Also, build for the future to ensure that your property will be marketable many years after construction. …
Every construction project comes with some risk. Proper identification and management of risk require careful and skillful planning. It also requires the ability to decide quickly. That’s because if a risk becomes a reality, it can affect the successful completion of a project negatively. Here are the most common construction project risk factors that both contractors and project owners should know.
One of the major risks that you’re likely to face when pursuing a construction project is a labor shortage. You risk lacking enough construction workers and this can hinder you from achieving productivity goals. Without adequate manpower, your construction project will experience delays. What’s more, you risk lacking skilled workers with the expertise and experience required to complete certain tasks at a construction site.
Safety and Health Hazards
One of the major responsibilities of a project owner and contractor is to keep everybody at the construction site safe. But, rapid changes in the conditions of a construction site can cause unexpected hazards. A major accident at a construction site can cause serious injuries or even fatalities to the workers. A serious accident can lead to a delay or even stopping the work.
Default by Subcontractors
General contractors face the risk of dealing with subcontractors that do not perform. Defaulting subcontractors can wreck a construction project. They can hinder the ability of a contractor to complete the project on schedule. What’s more, they can increase the estimated costs of the project because some defaults can necessitate reworks. Therefore, be careful when hiring subcontractors and monitor their work proactively.
Change orders form part of any construction project. And, these are a common risk factor if not managed properly. A change order is an amendment or addendum to the original scope or contract for the project. This can increase costs and cause delays in achieving the contract milestones. It can also interrupt the workflow or timely completion of the project.
Other construction project risk factors include design errors, incomplete drawings, unknown conditions at the site, improperly defined scope, unexpected material costs increases, and poor management of the project. Identify these risk factors and then come up with better ways of managing them to ensure the successful and smooth completion of your project. …
A mansion is an extravagant residential setting with expansive and inviting living spaces. As such, it could cost an arm and a leg if you do not take the time to properly plan for the project. However, that does not mean you have to approach the project with everything you got. The following are some practical ways to save money and keep the costs down when building a mansion.
Opt for Open Floor Plans
Generally, the larger size of a mansion will mean more spending on the construction. Instead of reducing the size of the house, consider open floor plans. Such a floor plan will enable you to customize the spaces in various ways without feeling too squeezed. Open floor plans will also ensure that the spaces can serve multiple functions. For instance, a large kitchen island can also be used as a dining and living room. That could save you some money on the cost of labor and building materials.
Go Easy on the Finishes
Mansions usually have warm and extravagant finishes with a timeless appeal. But, that does not mean you have to select only the high end rarely found finishes for your new mansion. Instead, take time to shop around for low-key materials and finishes that can deliver the same exquisite feel at a fraction of the cost. It is advisable to start with the basic aesthetics like concrete flooring, wooden staircases, and unfinished looks. That will not only save you money but, also allow you the flexibility of customizing the aesthetics later.
Consider Green Building Materials
Using eco-friendly and energy-efficient materials is also a great way to save money when building your new home. Some of the areas where you can implement such alternatives include the windows, framing, doors, heating and cooling devices, lighting among others. Many Green building products also often come with huge tax cuts.
Overall, saving money does not mean going too far to compromise the design and comfort of the house. Instead, focus on the things that you need then; assess their value against your budget estimates. …
Building a new home does not usually come cheap and, that is the main reason why most people shy away from construction. However, home construction is one of the most rewarding investments that you should carefully think about. In case you are worried about the costs, the following are some useful ways on how to save money when building a new home.
Create a Budget and Stick to It
The main reason why many people end up spending huge sums of money when building a home is that they never settle on a specific budget. To avoid unnecessary expenditures, decide on the amount of money that you can afford and stick to that limit.
Choose Builders Wisely
Builders can either over-estimate or under-estimate the construction costs. Therefore, you should be very keen when hiring builders to select one that can offer the most of your investment. Ask for referrals or read the reviews of different builders to determine their costs and workmanship beforehand.
Compare the Prices of Building Materials
Decide on the type of home and features you need and then take your time to research the costs of building materials before placing an order. Although the prices should be within the range of your set budget, never compromise on the quality of building materials.
Building a new home entails a lot of professional labor but, there are also certain simple projects that you can do yourself with a few handyman tips. In case there are some easy tasks that you can postpone and do later, they could help to cut down on the labor costs. However, you must be sure that you can safely and effectively handle the tasks.
Generally, building a new home can cost a whole lot of money. But, you have the power to control your spending and avoid unnecessary costs. Refer to the above guidelines to save money on new construction projects.
A construction project has indirect and direct costs. These costs comprise the total expenses of building a house. So, before you embark on your construction project, understand the costs you will incur to budget appropriately.
Indirect Construction Project Costs
Indirect costs are not accountable for a specific facility, function, or product directly. They can also be fixed or varied. Personal costs, administration costs, and security costs are the major types of indirect costs of a construction project. Essentially, indirect costs are not connected to the construction project directly.
In some cases, the indirect costs of a construction project are classified as project overhead costs and general overhead costs. In most cases, project overhead costs include the money spent on safety facilities, offices, stores, parking facilities, and staff. General overhead costs include the money paid to design engineers, head-office expenses, and cost of managers, directors, and schedulers.
Direct Construction Project Costs
These are costs or expenses accountable for a function, product, or facility directly. These include the costs of construction materials, equipment, and labor. Contractors develop these costs by performing a detailed analysis of a construction project. They check the construction methods to be used, site conditions, and the resources that will be necessary for the successful completion of the project.
In addition to this classification of the costs of a construction project, it’s important to know that these expenses can be fixed costs, time-related costs, or quantity-proportional costs. Fixed cost is the money spent on the purchase of machinery or equipment at a fixed amount of money. Time-related cost refers to the money spent on a specific activity for a given period. Quantity-proportional cost, on the other hand, is the amount spent depending on the required quantities of construction materials.
When budgeting for a construction project, it’s important to have these costs in mind. That way, you will factor in every cost to ensure the smooth and successful completion of your project. …
Most construction projects are subject to the approval of the building regulations. Failing to comply with building regulations can be quite costly, economically and in terms of the time you spend completing the project. Here are useful tips to help you get your construction project approved the first time.
Research is very important in every construction project. Investing your time before you start working on any aspect of the construction project is very important. It enables you to understand building control, as well as, planning permission. You also know your responsibilities when you do extensive research. Planning permission is about the looks of a building. Building regulations, on the other hand, are about the environmental and structural safety of your house.
Luckily, the internet is awash with information on planning permission and building control. That means you can conduct extensive research before you start working on your house.
Understand Your Responsibilities
You want to build a house. Your construction project should adhere to the set building regulations. These regulations apply to new buildings and extensions or changes in existing houses. They also apply when installing new fittings in a building.
When employing a home builder, make sure that they know what you want. Also, find out if they know the building regulations to adhere to. A good builder will work with an approved inspector and local authority to ensure that your house is built according to the set regulations.
You need to submit applications like the full plans and building notices. The applications you submit will depend on the type of house you want to build and your location. Your contractor should help you when it comes to submitting the applications.
Building project approval is mostly subject to adherence to the set regulations. Working with a reputable builder or contractor makes adhering to the set regulations easy. For more tips and fact checking, check out this site here https://www.nahb.org/ …
Not everyone seems to understand the different services that a general contractor offers. While you may consider a handyman to help with the installation, repair, and replacement of sinks, drywall, windows, and light fixtures, you need a general contractor when renovating your home or having a new construction project. General contractors have the expertise, experience, and the right network of subcontractors and tradesmen who can ensure the successful completion of your project.
It’s also important to note that an experienced general contractor understands permit requirements and building codes and will take responsibility for the planning, managing, and supervision of the entire project. Here are the different types of construction services a general contractor can help you with:
New Construction Projects
Undertaking a new construction project can be a daunting commitment and unless you’re experienced and highly skilled in construction and managing such projects, you should turn to a reputable general contractor to get the job done right. A general contractor is a construction company with a large network of subcontractors committed to managing and executing construction projects.
They manage every aspect of your project from obtaining building permits, to procuring materials, to hiring and supervising subcontractors to scheduling inspections. All you have to do is be available to site visits and face to face meetings with the contractor to get progress reports. The project will be completed efficiently and to your satisfaction.
If you’re considering a major home renovation project, you’ll need to find a contractor who will get the job done right. A general contractor will oversee and supervise all the subcontractors working on your home renovation project, ensuring that everything is done efficiently and to your satisfaction. Remember home renovations often require multiple tradesmen or rather subcontractors such as carpenters, electricians, plumbers, and more. There’s no better way to manage your renovation project and ensure its success that to hire a contractor.
There are many decisions that you have to make when it comes to home remodeling. From interior remodeling to kitchens and bathrooms to exterior siding, hiring the right general contractor is an essential component to having a successful home remodel. When you hire a general contractor, you’ll save big time on several costly items since they can obtain materials from their network of suppliers at a discounted rate. Furthermore, your home remodeling project is covered by insurance and you won’t be liable for any property damage or injuries that may occur during construction. Not only will your general contractor provide you with completely customized services to bring your vision to life but also keep you informed throughout the construction period.
General contractors are an invaluable part of home additions and other larger projects. Whether you’re looking to build a second-story addition, add another bathroom, or construct a new bedroom, hiring a general contractor is a better choice. They’ll communicate your specific needs and ideas for the home addition project to the workers and ensure the job is completed successfully, on time and within budget.
The hassle of having a dozen subcontractors or tradesmen in your home is bad enough, but without someone to oversee and manage the project, it can quickly become your worst nightmare.