If you can avoid problems and changes, through proper planning you will be able to finish what you started, and get the results you want. No one wants to see their dream house sit half finished because they could not afford to finish it. Proper planning is going to help you avoid this problem completely. Making changes can cost you in time and money. Most contractors will charge you for a change that you want to make that is outside the original agreement on your design. Don’t let some of these issues crop up and stop or delay your construction project.
Here are some reasons people don’t finish construction once it is started:
1) Excessive design changes drive costs over budget. If you start building before you have a clear idea of what you want, you are going to run into some major problems. You might change your mind about what you like, or how you want things set up. The problem with that is every change is going to cost you significant amounts of money. If you plan every detail and aspect of your future home, generally you will make far fewer changes to it once construction has begun, and the changes you do make don’t cost nearly as much because they tend to be minor. They usually aren’t the kind of changes that necessitate ripping out a wall, and reframing a whole floor.
2) Lack of organization can get out of control – A lack of organization means construction gets out of control: part of proper planning is organization. Thus, this won’t even become an issue if you take the time to plan things out well. If you don’t, you will have subs not showing up, or subs showing up for work and the building not being ready for them. If you are using a Builder, have them share their schedules and plans with you. It helps everyone stay on the same page.
3) Theft, vandalism, etc. that isn’t covered by insurance – Proper planning is going to cut theft and vandalism down drastically just by only have materials on site for a few days before they are used, and having things done and secured quickly. If you plan well you plan for the unlikely, and have insurance to cover it you will not have to quit building because of a natural disaster. Many builders think insurance is a waste of money, because you don’t usually need it; but tell that to the tenth person that did need it. Proper planning covers all your bases, even the unlikely ones.
4) Contractors are paid before the work is done, or at least before a full inspection of the work is done. This is a common problem. Often a new person to the construction scene will extend too much trust and pay subs upfront. But then they wonder why they are so far over budget when their subs never show and they have to pay another person to do a job they already paid for. Part of proper planning means having contracts for work, knowing when to pay what, and knowing how to have the work inspected to make sure it is good before you shell out the money for it. Always get an inspector when you a buying a home or finish building one.
5) Sloppy banking – this problem will cost you so much money. If you create a system of organization for paying your bills, you won’t need to worry about whether or not you paid a bill, and you won’t pay the same bills twice. Instead, you will stay on top of things, and know when and what you paid for. If you hire a builder, always make sure you get a notarized Contractor’s Affidavit to show they have paid all their bills.
Iinformation in this article taken from: homebuildingremodeling.com
For all your real estate and building needs or questions, call Debbie at 830-833-4249 or 713-818-6658, or send an email to debbie@vallone realestate.net.