• 4 people you need on your construction team

    Having the right people around you is key to making your construction journey as smooth as possible.  Find out who you need on your team and the qualities you should look for.

  • When building a home, there are many important factors to consider and decisions to be made.

    Having the right people around you is key to making your construction journey as smooth as possible.

    Find out who you need on your team and the qualities you should look for.

    1.     A local home loan specialist

    A good home loan specialist should have a wealth of knowledge that can help you through every step of your construction journey. 

    Before you build, you need to know what you can afford. Your home loan specialist can take you through finance options that best match your construction needs and plans, as well as advise on your borrowing capacity

    They’ll also be able to assist with home loan know-how, industry contacts and useful tips for each stage of construction. 

    2.     A builder

    Before finally deciding on a builder, visit some of their completed projects or ask for references. If you can, also talk to the clients he/she has worked for and ask if they were happy with the job and work process. 

    Meet the builder’s leading hand or foreman. This person will be on site every day and be responsible for the day to day operation. Also check if the builder has won any awards from their member association and that they have a valid builder's licence. 

    When you meet with a potential builder make sure they present themselves in a professional, well-organised manner. This can be indicative of how they’ll operate on site.

    3.     A lawyer/conveyancer

    Always have any contracts looked over by a legal professional. Don’t sign anything until you’ve read and fully understood the terms and conditions and your legal representative has explained what to look out for and any conditions which could see you at fault. 

    Your builder will probably initiate the contract through their own association e.g. MBA, HIA. If any amendments are to be made then additional pages can be signed and stapled to the contract, making it official and protecting you should a dispute occur.  

    4.     You

    Becoming a hands-on project manager during your build means you’ll gain a better understanding of how the different trades work together as well as be there to continually monitor the builder’s attention to detail. 

    If changes are required, you’ll be better informed as to why, allowing you to make quicker decisions on-site. Ultimately, you’ll also enjoy greater satisfaction in the final product. 

    However, project managing a construction is a big undertaking and you’ll need to consider whether you can afford the time away from work and other commitments. 

    If you can, great. Do some research, and even if you’re inexperienced, you will learn quickly on the job. 

     

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  • Disclaimer:

    While such material is published with permission, RAMS is not responsible for its accuracy or completeness.  This information is general in nature and has been prepared without taking your objectives, needs and overall financial situation into account. For this reason, you should consider the appropriateness of the information to your own circumstances and, if necessary, seek appropriate professional advice.