article thumbnail

What You Should Know Before Taking a Construction Loan

Construction Marketing

Finding your dream home with all the unique features within your budget and in the perfect location can be challenging. Before approving your loan, the lender must review your projected budget estimates, detailed construction plans, and construction timelines to decide on your loan amount. How construction loans work.

article thumbnail

Phases of Commercial Real Estate Development

Construction Marketing

You must secure financing for the project. This includes creating a detailed project schedule, budget, and phasing plan. The developer may also be responsible for arranging to finance the project, which can consist of a combination of equity and debt. Construction is a critical component of the development process.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

4 Foundations of a Successful House Build

Constructonomics

From initial ideas and inspiration to securing planning permission and effective project management, planning is the most important part of any self-build project. Unless you are lucky enough to have unlimited cash to fuel your project, budget will be one of the biggest considerations during your build.

article thumbnail

A Cash Flow Guide for Architects

Levelset

Let’s take a look at the basics of cash flow and how architects can budget their expenses and forecast their income to stay in good financial standing. Successful businesses and organizations budget their expenses based on historic data and revenue projections. Budget categories. Cash flow basics. Forecasting your revenue.

article thumbnail

Some secrets of surviving 28 years in business

Construction Marketing Ideas

Debt is a pain. Bank debt can be a killer. While I fear our business has too much debt, thankfully most of the it isn’t the type that can be destructive. We’ve avoided the level of secured bank debt that would result in the possibility of extreme personal hardship if the business failed.

Debt 48
article thumbnail

Sequestration Nation

Business Facilities

The run-up to Washington’s latest manufactured budget crisis closely follows the script for a generic Road Runner cartoon. In the sequester cartoon unfolding in our nation’s capital, the budget safe falls off the Washington Monument and everything gets squashed, including the U.S. goes down to investigate.

article thumbnail

California is Rolling in Dough

Buisness Facilities Contributed Content

State legislators now are busy arguing over how to spend a budget surplus estimated at up to $4.4 Jerry Brown–who wielded his budget-cutting sword like a Samurai warrior during the darkest days–is firmly in the rainy-day fund camp. Southeast Utah Wisconsin budget surplus california san quentin' Far West U.S.