BUILDING CONSTRUCTION BASICS AND TIPS
What Owners Should Know!
1. Engagement & redesign – 1 month
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Discuss your vision, goals, needs, and budget.
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Assess existing conditions to determine feasibility and identify any potential risks in the scope of work, schedule, and budget.
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Discuss and explain the building process with clients who work along side with you for make submission to the local authority .
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Review bylaws and tenant improvement guidelines when required.
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Facilitate conversations between owner and stakeholder to ensure both parties' best interests are served (pertaining to the construction of user’s space, material, and outlook).
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Prepare a preliminary quote for review.
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Develop a preliminary schedule for the project.
2. Design & Municipal Review - 3 months to 6 months
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In the event design has not been previously completed, we select a design scheme with client
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All necessary permit drawings with floor plans, elevation drawings, and specifications are to be completed.
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Finalize and sign off on design to proceed once the city’s review process is complete
3. Budgeting
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Tender all work to sub-trades and suppliers and complete a full audit of all quotes
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Identify value engineering opportunities by suggesting changes in materials and/or scope of work
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Prepare a comprehensive budget for review
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Finalize and sign off on quotes to proceed
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Selection of General Contractors and Demolition Contractor
4. Preconstruction – 1 month
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Floor plans, elevation drawings, and specifications are to be completed by the architect and/or interior designer.
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Tender all work to sub-trades and suppliers and complete a full audit of all quotes.
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Identify value-engineering opportunities by suggesting changes in materials and/or scope of work.
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Prepare a comprehensive budget for review.
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Procurement of all necessary permits e.g., building, electrical, plumbing, etc. Coordinate with Contractor if applicable (for MURB, MUCB only )
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Secure engineering and all required consultant documentation and sign-off.
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Develop a comprehensive construction schedule and milestones for the project.
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Finalize and sign off on the pre-construction phase to proceed in the construction phase.
5. Completion
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Dumping of extra materials/garbage and conducting final site cleaning
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Site walk-through with the client to ensure complete satisfaction.
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Discuss any deficiencies.
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Move into your beautiful new place!
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Enjoy our 2-5-10 warranty program to give you peace of mind
Costs?
Building a home comes with costs you may not think about when buying a home. The building is often more
expensive than buying, and while you may decide it's worth the cost, it's good to be prepared. Here's what
you can expect to spend:
The cost to build a house, per square foot for Spring 2022 price( the home owner should consult us before using this guide for project finance),
the homeowner must allow 5-10 cost increment when the house is complete not early than 16 Months
The average cost of building a new home is $200 to $300 per square foot.
- Numbers refer to BC Housing and Company Internal Records
However, if you want to build a luxury or customized house, you can expect costs to jump up to $400 to $500 per square foot. That means an 800-square-foot home could cost $300,000 to $400,000. A 5,000-square-foot home would cost $2.0 million to $2.5 million.
- All right, you've seen the numbers. Now let's look at what you'll spend on
individual aspects of building your home.
This is 2022 price , and please call the representative for help to avoid timing problem and get information
to eliminate some price fluctuation effects with a suitable project management strategy.
-Let's look at what you'll need to allow on individual works of building your home.
Cost Breakdown!
You'll notice some of these expenses vary drastically. That's because costs can depend on factors such as the region and which materials you're using for your home.
You may also spend money on clearing land to build your home on a plot, repairing an existing foundation, or structuring your home so it's built on stilts.
Building a house based on your budget
Remember, the actual cost of building a home will be based on several factors, including where you live and whether you're hiring a production builder or customized builder. You'll also save money if you build the home by engage a consultant who mage the design and select the Contractor when all submission are passed ,make use of consultant and you need a formal professional cost estimation for of Construction Loan.