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What You Should Know Before Taking a Construction Loan

Construction Marketing

A construction loan is high-interest, short-term financing that you can use to custom-build your home. It covers land acquisition costs, building materials, construction permits, labor, contingency and interest reserves, closing costs, and plans. If the appraisers approve, the lender makes more draw payments to the contractor.

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Questions Commercial Buyers Should Ask When Shopping for a New Building

Wolgast Corporation

Are there any As Built drawings or Architectural Plans? Your Architect can create As Built drawings for a fee. Does the current zoning of the space/building permit your intended business use? Rezoning can be done, it’s just a matter of time that you have available and paying for permits. What are the financing options?

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The Preconstruction Phase: Understanding the Process & Risks

Levelset

These drawings give the client something to picture and provide feedback on before moving to the next stage. It entails the architect creating a full package of drawings for the building that code enforcement will use for permitting. Permit and inspections. Pulling those permits once the drawings are ready is key.

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Common Types of Construction Contracts And Their Use

cnstrctr

The different types of construction projects include: Lump Sum Construction Management (Cost Plus / Guaranteed Maximum Price) Design Build Design Build Finance Maintain. Competitive Value – if the drawings are complete, having competitively tendered the project can create value as people try to beat each other for the project.

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Understanding the Performance and Monitoring Phase of Construction

Levelset

During this phase, the architect builds on the rough ideas provided during the preconstruction phase to produce sketches, drawings, elevations, and other features. The architect and the project owner will work closely together to finalize the drawings. The construction phase.

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4 Foundations of a Successful House Build

Constructonomics

Whatever kind of architectural style you prefer, you can replicate it (planning permission permitting) with your own property. Checking out testimonials and previous work is a good way to ensure that you select the right builder, and you should always draw up a contract to ensure that both you and your builder are on the same page.

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Construction Project Closeout

cnstrctr

Depending on what type of project you are on, project closeout will look different, but depending overall there should be three main areas you need to be focusing on: Turnover and Permit Closeout. Construction Turnover and Permit Closeout. Getting these items completed so the building inspector can close your permit.