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The power of construction is today, everyone in developed countries is building! What do we need to know before starting construction?
The construction sector is booming. More and more people in developed countries are embarking on projects to build or renovate their own homes. There are many reasons for this:
Striving for a better life: Your own home is a symbol of security and comfort. It gives us the freedom to furnish and decorate it to our liking without regard to landlords.
Investing in the future: Real estate prices in developed countries are relatively high and are expected to continue to rise. Investing in building or renovating your own home can be very profitable in the long run.
Availability of funds: Low interest rates on loans make buying a home or taking out a home improvement loan more affordable.
But before embarking on a construction project, it is important to be well informed and prepared. Here are some key points to consider:
1. Budget:
Determine a realistic budget for the project, taking into account all costs: materials, labor, permits, design, contingencies.
Research the market for building materials and services to get the best deals.
Create a reserve fund for unforeseen expenses.
2. Planning:
Clearly define your needs and wants for the project. What type of home do you want? What are your priorities in terms of location, number of rooms, functionality, design?
Find a competent architect or engineer to prepare a design that fits your needs and budget.
Secure all necessary permits from local authorities.
3. Selection of contractor:
Do your research on different construction companies to choose the most reliable and competent one.
Request quotes from several companies and compare them in detail.
Check references from the contractor's previous clients.
4. Project control:
Closely monitor the project execution and ensure that everything is completed according to the project and the agreed deadlines.
Don't hesitate to ask the contractor questions and request corrections if necessary.
5. Documentation:
Keep all documents related to the project: contracts, invoices, permits, guarantees.
Keep a detailed expense report.
Many useful sources:
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General:
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