Looking to build and don’t know where to begin? You are not alone. Multiple individuals especially first time homeowners or investment property owners have little to no knowledge on how to approach a construction venture. Most wind up losing at the hands of conmen or end up on the wrong side of the law.
Below however are some important considerations you as an investment property owner should know before embarking on any building project:
Permits and Regulations
For any construction project you’ll need to seek approvals from relevant institutions before any form of groundbreaking occurs on site. They may include architectural and structural plan approvals. Land and property regulations vary with state so knowing what needs to be submitted and the permits that you require will ensure the smooth running of your building project.
In Kenya, various property locations have restrictions or rules especially when it comes to determining whether to erect a residential apartment or commercial property. Some areas are strictly residential and do not allow developments of more than 2 to three floors and some areas are fully commercial. It is wise to be aware of the regulations in the area zone you intend to build and make sure your project is within the stipulated arrangement for that location.
Finances take up the biggest concern for any venture more so a construction project. Your budget dictates a lot about your proposed plan in terms of the size of the project, materials used, and the technology or innovation at your disposal. Creating a budget and being realistic with it will assist in allocating cost. Also, planning for unforeseen expenses is wise since building projects can be quite unpredictable and things sometimes do not systematically go as planned.
Essential planning and detailing the scope of work is essential for the success of any project. Construction planning involves strategizing from the initial schematic plans and layouts to hiring contractors, filling necessary permits and selecting building materials. Effective planning establishes a clear vision of what’s to come and ensures the whole team is familiar with their roles hence contributing to a steady build.
Hire a reputable construction company
Having a construction company handle the project management and building details of a construction venture will provide you a peace of mind. Contractors ease the responsibility of constantly being hands-on on every minute detail of the project. You only have to choose a reputable contractor with reliable expertise in project management, permits and regulations and ultimately experienced building capabilities to ensure your project runs smoothly from the onset.