Having a place to stay remains one of life’s biggest expectations. Whether you choose to stay in a house made with wood, concrete or steel, the most important thing is that you have a place to live in or a place to work from.
Accommodation can be acquired through different means; by renting, or building a structure, and could be used either for commercial or residential purposes.
But owning a building is most beneficial, though expensive when compared to renting a building, but in the long run, you will realize that owning a building is cost-effective.
Knowing well what our core values are at Sapient Vendors, we deliver high quality, cost-effective projects on schedule to clients.
CONSTRUCTION MANAGEMENT: 5 Major Decisions You Must Get Right Before Embarking On Any Building Project
In this article, we are going to share five major decisions you must get right before embarking on any building project. The fourth major decision will surprise you, enjoy!
WHAT’S YOUR BUDGET?
Budgeting for your building, starts from the point where the land on which the structure will be built is acquired, to the point of completion of the proposed structure.
Having a budget helps you to plan for your spending and keep you on track, even when there is very little to spend.
At the point of budgeting, you will know whether your current financial strength will be able to pull you through the period of executing the building projects itself. Budgeting basically helps you prioritize your spending.
WHAT’S YOUR SOURCE OF FUND?
Here comes the issue of money. You must determine where the financing is coming from, whether its donations, personal savings, credit or mortgage.
You must also note that there are some terms and conditions that come with credits and loans. You should ensure the terms are realistic before going through with the project.
Every source of funding need to be scrutinized. You don’t want to have a major setback in your hands. Possibly, get an expert consultant to help with providing you the best way to fund your building projects.
PURPOSE OF BUILDING?
Structures are built for different purposes. It could be built for residential, commercial or industrial purposes.
If you like to build something that could be used for residential and commercial purposes, there are ways to go about it. The design must be such that it can serve the purpose for which it is built.
Following years of experience in building construction, clients have had reasons to demolish and reconstruct a building because they realized how wrong it was originally built, thereby, spending more than the allocated spending.
It is hereby necessary to get the purpose for which the structure is built.
WHO ARE YOUR PROJECT EXECUTORS?
Having a good looking architectural design, does not translate to having the physical structure looking as good as you had it on paper and models. The question of ‘who executes my project?’ should be treated with caution.
It is at this stage that the quality of building materials and other essentials are determined. We are sure you don’t want your building collapsing at any time; you would agree that’s going to be a major setback.
In choosing your project executor, seek for one with a reputation for quality service delivery, and most importantly one that could help you maximise available funds.
Choosing Sapient Vendors as your project executor would be the best decision you could make because we represent everything that has been stated. You don’t want to spend more than you have budgeted for.
WHERE SHOULD YOUR BUILDING BE LOCATED?
The purpose for which the building is constructed plays a huge role in finding its best location. This is where construction professionals come to play. These professionals would access the kind of structure you like to have on a particular location and give you a proper feasibility report.
Other pre-construction advises that concerns logistics, government regulations, environmental regulations, budgeting and project specification are also given if you consult Sapient vendors.
Sapient Vendor offers consulting services at no cost, yes! We mean it, we are just a phone call away.
We have provided you with useful tips on what you should do before embarking on a building project, it’s now time for you to take decisive actions to build your dream structure.
We hope this information you now have, will help you to decide on the best location for your building, who plans and executes your building project and decide on the budgeting as well as construction funding.
Let us know which of the mentions you need us to help you with, we would be glad to help. Please use the comment section below to send your feedback. We really love to hear from you.