Many investors across the country are now turning to multi-family residential construction options to expand their portfolios and potential earnings. But before beginning construction work and selecting a residential construction specialist, it’s important you learn more about the factors to consider during the project.
Our Genesis Construction team has experience in the multi-family residential construction industry, and in our new post, we’re explaining what to consider before beginning a project.
- Construction timing
Determining the timing is critical during multi-family building projects because the contractors will need time for the preconstruction phase, and this might mean having to analyze designs and to go through feasibility studies. Plan the timing with precision will ensure all stakeholders are on the same page
- Establish realistic goals
The goals for the project should be realistic for the budget and for the timing required. Make sure you consult with your construction company directly to find out more about their expectations for the project. For example, if you plan to have the project completed in six months, and construction work will take 5 months to complete, you may wish to revise your goals and update them according to the current parameters for the project.
- Building the team
An important consideration for any construction project should be the team completing the work. Ensure the construction team you select is highly qualified and has experience in multi-family building work and projects. The company’s team should also include experts in key areas such as planning, design and budgeting to help ensure that any issues that arise during the building work can be effectively mitigated.
- Doublechecking the details
Going through the details of the construction project with a fine-tooth comb can help ensure that no problems arise. For example, your construction team should help ensure that permits are approved and that all safety considerations are analyzed before moving forward. These details will be key to the success of the project and will help ensure the work is completed according to the set schedule.
Genesis Construction Can Help
Our trusted team at Genesis Construction can help to guide you within your multi-family residential construction projects. To learn more about our company and our services, call us today.
