Building project: no need to stress. - Avante Financial Services

Building project: no need to stress.

Jan 21
building project

How to take the tension out
of your building project?

Online source: Produced by AMP Life Limited and published on 5 November 2015.

You can take some of the stress out of your project, whether you are renovating or creating something from scratch, by following these six tips.

1. Pick your design 

The first thing you need to do to turn your dream into reality is decide on the best design, regardless of whether it’s a renovation or you’re building a home.

If it’s a relatively simple renovation in a contained area with no obvious complications, you can use a drafting firm or even find a builder with access to drafting services.

With more ambitious projects, it’s best to use a properly qualified architect who can give you plans and detailed costings. Some may even offer to manage your project.

2. Set a realistic budget

Be sure you have a clear reason for renovating or building a new home and are confident you won’t over-capitalise.

Once your ideas are mapped out and you can see the scope of the project, you need to work to an overall budget with your architect or draughtsman.

Stress test your budget, as ideas change and problems arise and you need to make room for variations in the expected cost. Remember to allow for over-runs.

3. Talk to a number of builders

Make sure you get a number of quotes.

A telling sign of a good builder—apart from the cost—is one who will provide a draft schedule of work. The one with the clearest idea of how the job will progress usually will be best for you. And always ask questions. No question is too silly.

4. Know who's boss

It’s critical that you’re clear about who will manage the job. If you’re leaving most of it to the builder, you will need to trust that they will consult you before making decisions.

If you’re not managing the job yourself, you should have a schedule of the jobs and who will be on site, and a detailed budget that includes accurate costings for materials, labour, council fees and payments for the trades and builder.

If you want to do the project management yourself, you’ll have to be prepared to be on site most days and have a good contact list of tradesmen.

5. Keep to a schedule

Few things are more frustrating than waiting for paperwork or materials to arrive.

You can ensure the project runs smoothly by getting the local council paperwork sorted out well ahead of time.

Check delivery schedules of materials early so that you can work out contingency plans with your builder for work in other areas if there are hold-ups.

6. Be a good communicator

You will be your own worst enemy if your management style frustrates your tradesmen or builder either through poor communication, excessive demands or frequent changes.

If you really need to change the way things are being done, make sure you talk it through clearly and openly with the people doing the work. Be firm but polite, as indecision won’t be respected.

Unless you’re specifically asked, get out of the way and let the tradesmen do their job.

Managing the relationship with your builder may require some compromise. But if you’re properly prepared, the pressure will be easier to handle and you’ll end up with a much better result.

Building projects generally are not easy to get right, so it’s important to set the right framework from the start.

Proper planning is the key to getting a project done on time and close to budget, and that hinges on laying some basic foundations.

Download PDF