If you’re building a new home, one of the first questions you’ll want to answer is: should I hire a general contractor?” First, let me define what they do. A general contractor (commonly called a GC) is a professional who manages all aspects of a construction project from start to finish. They are responsible for […]
Should I Hire a General Contractor (or Do It Myself)? Read More »
Have you gotten a quote back from your contractor and found yourself scratching your head about the price? There are a lot of factors that can affect construction costs beyond the size of your house, and I’ve outlined the main reasons in this article. 1. Location of the Project Geographic location can have a significant
11 Factors That Can Affect Construction Costs Read More »
The one thing I can guarantee about construction is that you will never have everything figured out before it starts. Try as you might, there are too many factors and parties involved to have zero surprises. Given this fact, construction contracts and budgets need to allow for some flexibility. One way that this is achieved
What is an Allowance in Construction? Read More »
Construction projects are a complex process requiring careful planning and execution to ensure success. One of the critical aspects of construction is managing costs. Two types of costs are involved in a construction project: project costs and construction costs. These two terms are often used interchangeably, leading to confusion. However, understanding the differences between the
Project Costs vs Construction Costs – What’s the Difference? Read More »
As you plan to build your dream home, you’ll come across a lot of terms and concepts that may be new to you. One such term is contingency, which is an important concept to understand if you want to make sure your construction project stays on track and within budget. What is a contingency? In
What is a Contingency in Construction? Read More »
When it comes to construction projects, using cost per square foot is one of the most commonly used ways to estimate the cost of the work. It’s a simple way to compare costs across different projects or to “ballpark” expenses. However, it’s important to understand where the limitations of this approach are. In this article,
What Does Cost Per Square Foot Actually Mean? Read More »
Constructing a home or building is a complicated and expensive undertaking that can be confusing for those who haven’t been involved in construction before. Even for those who have, remembering what it all means can be overwhelming! One particularly important area is understanding the costs associated with construction when creating a budget. These costs can
Hard Costs vs Soft Costs in Construction Read More »
Building a house is an exciting and significant investment. It can also be one of the most expensive undertakings that most people will experience in their lifetime! Because of this, it’s essential to approach the process with some caution and ensure that you stay on budget throughout the entire process. Unfortunately, it’s not uncommon for
9 Ways To Stay On Budget When Building a House Read More »
