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Why Hire a Construction Consultant

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Arturo from GT Roofing San Antonio shares that construction consultants play many roles that are critical to the success of construction projects. However, the specific duties and responsibilities of the consultants will mainly depend on the scope of the project, conditions of the work and your needs. Nevertheless, the following are the key reasons why you should hire a construction consultant. 

Professional Support throughout the Project 

Even if your project only entails a few renovation works, there is so much involved in the development and implementation of a construction project. Construction consultants have the right skills and experience to assist you with drawing up plans, ordering materials, obtaining the relevant permits and licenses. They can also act on your behalf to make sure that all the project activities run smoothly as intended from start to completion. 

Help with Creating a Suitable Project Budget 

Developing a budget for a construction project can be one of the most challenging tasks for homeowners. Apart from just the costs of materials and labor, developing an ideal budget also requires that you know a few suppliers as well as how to negotiate prices. Construction consultants have links to reliable suppliers and construction workers. Coupled with their experiences from past projects, they can help you to easily come up with the right budget as well as cut the costs of your project. 

Saves you Time and Money 

Generally, construction consultants can play various roles. They can serve as construction managers, support staff for different construction professionals and, also handle quality controls. That will not only prevent lapses during the project but also other unnecessary risks that could derail the project. Having a construction consultant on-site to monitor the progress of the work could also help with the prompt identification and resolution of construction issues, thereby preventing losses. 

Judging by the roles and responsibilities of a construction consultant discussed above, there is no doubt about their incredible value in construction projects. But, you should be keen to hire a skilled, experienced and licensed construction consultant for your project. 

Essentials to Have When Hiring a Building Contractor

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Home improvement or remodeling projects are important investments. The person you hire for your project can make a significant difference in terms of the results. Looking for a contractor that communicates well and one with a good reputation can be a challenge. Nevertheless, this shouldn’t be a reason to settle for a bad contractor. You just need to know the essentials to have when hiring a building contractor. That way, you can negotiate bids with different contractors confidently. Here are some of the essentials to have when hiring a building contractor. 

A Plan 

Decide on what you want and the right contractor that can provide it. Do this even before you call any prospect to avoid wasting time when vetting different contractors. When you know what you want, you won’t waste time because you will be more specific with your questions and answers. 

Referrals 

Talk to the people you know and trust. These can be people that have hired contractors for their recent projects. If impressed by the work done by a contractor in your neighbor’s or relative’s house, ask them to refer you to their contractor. Find out if they were impressed by the work of their contractor and if they can advise you to hire the same professional for your project. 

Questions to Ask the Contractor 

Once you’ve gotten suggestions from friends and relatives, come up with questions that you can ask a prospective contractor. The questions you ask should help you assess different contractors. They should guide you in gauging the communication style, skills, and experience of prospective contractors. 

Detailed Documents 

Once you’ve asked prospective contractors several questions, know the documents to get before your chosen contractor starts working on your project. These documents include a contract, a detailed bid, and a payment plan. Make sure that you know what the contractor will do and the amount you will pay for their services.

The process of hiring a building contractor may seem daunting. But, when you use these essentials, you save time and avoid the stress of hiring the right building contractor.  

Types of Home Construction Loans

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Building a new home is an exciting undertaking. However, the unfamiliarity and intricacy of mortgage loans temper the enthusiasm of most people. If you intend to take out a home construction loan, here are the two types of home construction loans to know about. 

Construction-to-Permanent Loan 

A construction-to-permanent loan gives you a single closing. This lowers the fees you will be required to pay. When constructing your home, you will pay interest on the outstanding loan balance only. This loan has varying loan during construction. However, it moves up or down with your prime rate. For instance, if short-term interest rates goes up or down depending on Federal Reserve regulations, the interest rate of your loan will also change. 

This construction loan is converted to a permanent mortgage once home construction is completed. This permanent mortgage is just like other mortgages. You can have an adjustable-rate loan of a fixed-rate loan with a specific term. The term can be 15 or 30 years. 

Most lenders allow borrowers to lock a maximum mortgage rate at the beginning of a construction project. Generally, lenders require borrowers to make a down payment of 20% of the expected permanent mortgage amount. However, some lenders have exceptions. 

Stand-Alone Construction Loan 

This loan works out well for borrowers when it allows them to make down payments in smaller amounts. This is a major advantage for borrowers that are homeowners and don’t have cash for making a down payment yet they will have cash once they sell their home. With this loan, a borrower can live in their current home as their next one is being constructed. 

However, this loan has its drawbacks. For instance, the borrower pays two fees and for two closings. One payment is for a construction loan and the other for a permanent mortgage. Additionally, maximum mortgage rate can’t be locked. That means if the rates go up during construction, the borrower pays higher than the expected rate on their permanent loan. 

It’s important to learn more about these loans before making your decisions. Additionally, look for the best rates and policies when taking out any of these types of home construction loans. 

Reasons Why a Contractor Should Have Comprehensive Insurance

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As a contractor, it’s your goal to complete every construction project successfully. Unfortunately, the unexpected happens. That’s why you should have a comprehensive insurance policy to protect you. If unsure whether you need comprehensive insurance, here is a breakdown of the reasons to have one.

Business Protection

Construction projects are exposed to potential complications every day. To build a construction business, you have to take strategic risks. Having adequate insurance is part of the process of managing risk. As you get more projects and have increased work, your work environments may become more complex. Having a comprehensive coverage gives you protection against different scenarios.

For instance, comprehensive insurance protects you from bodily injuries and property damage that a third party can cause. Basically, liability coverage provides protection for your business against different claims. The claim could focus on the entire company or individual workers.

Employees Protection

Employees are basically the backbone of a construction business. It’s therefore, natural for the contractor to want to ensure safety of the employees while providing the tools necessary to do their work. Construction insurance is an important resource for employees. It makes navigating bodily injury claims from people that may wander into a jobsite inadvertently easy. This is particularly important when working outside medical facility, office building, or a similar structure. Comprehensive insurance and workers’ compensation insurance provides a strong protection for a business.

Building Reputation

It’s easy to get information about a contractor through a simple search on the web. This implies that clients can investigate your construction company before they decide to engage you. Having a comprehensive insurance policy demonstrates that a contractor is committed to safety as well as the wellbeing of workers and the community. It shows that a contractor stands by their expertise and has the ability to protect workers, business, and property of clients, as well as individuals that may encounter risks at the construction site.

If you are a contractor consider having a comprehensive insurance coverage. If you want to hire a contractor, choose one with a comprehensive insurance cover.

Top Myths About Home Improvement

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You’ve probably heard many things about home improvement. Some of these things are true while others are simply myths. Mr Arturo Terrazas, which represents a San Antonio Roofing Company out in Texas, once shared his top myths that you have probably heard about in home improvement.

Any Home Remodel Is Good

You might think that any home improvement project is good. However, the truth is that not all home improvements are good. For instance, when you want to sell your home, you don’t have to invest a fortune in its renovation. That’s because if you spend a lot of money on home improvement, you might not recover your money when you eventually sell it.

An Expert is not needed for a Home Improvement Project

Perhaps, you are convinced that you can handle your home improvement project without professional assistance. However, this is not true. There are things that need skills and experience of a contractor to do right. Handling a home improvement project yourself may seem like a great way to save money. But, you should know that you have limits. Some projects are risky to do without the right skills, experience and tools. Such projects are better left to experienced home improvement contractors.

A Swimming Pool Adds the Value of a Home

Maybe you think that adding a swimming pool in your home or a hot tub will make your home sell faster and at a higher price. This is not always the case. Location is very important. If your home is in a pool-friendly region, a pool can be a sure seller. However, if it’s in a cooler climate, a pool may not have significant effect. In fact, there are places where prospective buyers see a pool as major liability due to the maintenance work that is associated with it. Therefore, think about pool addition carefully when planning your home improvement project.

The Latest Designs are the Best

This is a myth. Some home improvement trends may be out of fashion but they can still give your home an impressive look. Neutral palettes or colors for instance have a timeless feel. These tend to appeal to most people.

These are common myths about home improvement that you should know about when planning your remodeling project. If unsure about anything, talk to your home improvement contractor first.

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