Starting a new construction project is an adventure. If you are just starting out in the construction business or you’re a seasoned real estate pro, reviewing the fundamentals of preparation for Edmonton commercial renovations is crucial.
Laying the Groundwork Before You Break Ground on New Builds
Proper planning on a project can help determine your success. Here are 7 ways to prepare for commercial new builds.
1. Determine the Location of Your Build
You may already have an idea of where you want your new build will be, but there are several factors to take into consideration. The population influx and traffic, size of the build relative to allotted space, and local competition are all imperative things to think about.
2. Get Permits
After determining the location, you will need to attain the proper permits you need in order to start work on your project. Each city has its own set of rules and regulations for commercial property, so you will need to check with the local Bureau of Development Services for the application process and which permits are needed.
3. Choose Your Contractors
The success of your project hinges on choosing the best contractors to help with your new builds. Consider the needs of your project and looks for contractors with experience, have good references and portfolios, and have a history of working well with outside companies.
Bring in other professional members to add to your team. Outside workers like engineers and architects can help you make decisions on topics in which you may not be as savvy.
4. Plan Your Itinerary
Set progress goals before construction begins to give yourself an idea of how the project is going to go. It’s always a good idea to be strict on hitting the goals you establish, as setbacks can have a domino effect that will stack construction delays. Of course, unexpected delays can (and usually will) occur, but staying as close to your timetable as possible can make your new build successful.
5. Plan Your Budget
Meet with a financial advisor to discuss your budget before beginning on your construction site. Get quotes from your contactors or outside team members so you can have a ballpark idea of what labor will cost as well as an overview of the financing of the project itself. Once you have a budget calculated, you can move forward with the new build.
6. Communicate With Workers
Because of COVID-19, construction may have to deal with unexpected shutdowns for unknown periods of time. Keeping communication lines open and speaking with workers during these times increases the likelihood that the workers will return if the shutdown is longer than expected. Keep the workers engaged by including them in discussions or meetings about the project, even if physical work is halted.
7. Forecast An Increase in Work
With a COVID-19 vaccine approved and on the horizon, expect the construction industry to be on the rise. Because of the number of construction projects being suspended during the pandemic, anticipate them to get the green light once the world returns to normalcy.
Using the Blueprint of Success
Planning is the key to success for new builds. Use these tips while planning your strategy, and you can kick off construction sooner than later. For more tips for your construction needs and commercial buildings, check out our blog! Read >>> Canadian construction trends to watch in 2021
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