Residential Construction Tips that Will Save You Money

A residential construction project can be costly.  However, there are ways to reduce the cost of building a home and keep more money in your pocket.

Here are some of them:

 

Don’t go for the cheapest contractor

Just because a contractor gives the lowest quote doesn’t mean you have to hire them right away. The lowest quote doesn’t imply the best deal. Essentially, you should do some homework. Make sure that the contractor charges low prices without compromising quality of the construction work.

 

Don’t pay a high deposit upfront

The best approach is to pay a contractor in installments. This ensures that your construction job is done within the agreed schedule. Additionally, pay the last installment once the contractor completes the work. This will enable you to ensure that everything is done as per the agreement.

Consider handling the construction project during the colder seasons

Summertime or warmer weather is typically the busiest season for contractors. That means you will have difficulties in finding the best contractor and the available contractors might charge you higher rates. That’s because there is a high demand for contractors during this season. Therefore, to save money, handle your construction project during a colder season. This time more contractors are available and they will have enough time to do your job.

Do some jobs yourself

You don’t have to leave everything to the contractor. Some jobs are easy to do without help from a contractor. For instance, you can prepare the construction site before the actual construction starts. Remember that the more the work the contractor does, the hire the total cost of your construction project. You can also refinish the already installed cabinets in the kitchen without professional assistance.

Generally, following these tips will make your residential construction project less costly. Nevertheless, you should work with a reputable contractor that understands your needs including your tight budget.

Don’t forget to visit the National Association of Home Builders website at https://www.nahb.org/ for more information on how to help out the Hurricane Harvey/Irma victims.

Five common construction problems and solutions

What is your biggest challenge in your construction projects? Many aspects need to be given close attention for a building project to be successful. Contractors have the task to ensure a proper set of documents is available. However, there is no set of papers is ever complete or perfect. The fact is that some challenges quickly come up during as a construction project that can impact the completion time or and the budget. Here are common problems facing construction professionals and how to solve them.

Limited skills capabilities

One of the biggest problems facing the construction industry is the inadequacy of skilled workers to meet the growing demand in the market. One of the factors contributing to this is the limited knowledge about benefits of a career in construction, and so young people just opt for other fields in college. Moreover, most construction companies have the culture of working with previous teams and fail to establish a connection with the agencies and workforce that fits the job. You can find such skilled workers from construction staffing agencies.

Delays in construction time

One of the homeowner’s biggest fears is usually the certainty of the project ending as quickly as possible. The contractor should stipulate the production schedule in the construction contract which you can use to monitor the progress of the project. There are some acceptable reasons for delays in the project which you need to be aware of prior. However, if of delays occur, it should be addressed quickly communication be made between the homeowner and the contractor immediately.

Deficient communication between construction parties

Communication is essential to the success of any project. Communication breakdowns mostly occur when things are going wrong in a project. With the increased spread of technology, it is likely that almost everyone on your project has a smartphone. To have consistent and efficient communication, you can agree on the best ways to keep communication useful during the project. You may choose to use text messages, emails or technology apps to allow real time communication regarding project progress and updates. It is one way to speed bumps of a communication failure by reducing slowdowns.

Lack of proper organization

The construction project management has the mandate to make decisions and procurement processes which should fit the schedule of the project plan. However, having a management that is not able to cope with the speed and scale of demand, it may be a big problem for the project’s success.  The construction project management should have people with proper management skills that will ensure the success of the project according to the schedule.

Financial problems

You may have payments due for the employees, vendors, equipment renters and suppliers yet the amount for you is due on project completion. As the contractor, you need to have enough cash to manage this problem. Going for an open business line of credit will help you manage such bills and save your reputation.