In this episode, we dive deep into the strategies and tips for gaining control over the building process. Whether you’re a first-time home builder or an experienced investor, understanding how to effectively manage and oversee your construction project is crucial.
We’ll explore the key steps to take from the initial planning stages through to the final walkthrough, ensuring you stay in control, avoid common pitfalls, and achieve the best possible outcome for your new build.
In this episode:
Key Topics Discussed:
- Separating finance and land:
- Allowing you to abide by land finance contract clauses, due to undersupply of land
Builder Size:
- Choosing medium size builders instead of large project builders or small independent builders
Finance:
- Having an LOE or pre approval organised by your finance broker before land releases.
House Design:
- Making minimal changes to design in order to have efficient pre contruction admin times
Titles:
- Aim to secure blocks that are titled or titled within the next 6 months.
6 .Provisional Sums:
- Avoid build contract with a high amount of provisional sums and secure contract with fixed pricing.
Key Takeaways:
- Preparation is everything; invest time in planning and understanding the process before you begin.
- Stay proactive and engaged throughout the project, but trust the professionals you’ve hired.
- Clear communication and a well-structured contract are your best tools for maintaining control.
- Be prepared for challenges and have strategies in place to handle them effectively.
Call to Action: If you’re in the planning stages of building or currently in the midst of a project, don’t miss this episode. Tune in to learn how to stay in control and ensure your building process is as smooth and successful as possible. Don’t forget to subscribe, leave a review, and share this episode with anyone who might benefit from these insights!
About Build Out West Podcast:
We created Build Out West Podcast to educate people about home building, and provide valuable information related to the builder broker game. Our industry experience gives us a unique insight into the nuances of builder relations and how it ties up to the other aspects of the build including land, and finances. Different markets and changes need different builders. Our industry linkages give us the ability to match you with the right builder for the job.
Our Links:
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