When embarking on a new multifamily home development project, Joseph Cianciotto believes it is best to prepare yourself for a lot of planning. Your planning process may require multiple adjustments, but it is critical to see the big picture before breaking ground. Joseph shares some things to consider while planning a multifamily home development project:
Create
a Realistic Project Budget
Before beginning construction, Joseph
Cianciotto believes it is best to establish a realistic budget. According to
homeowners, the average cost of building a new house is roughly $300,000, which
equals about $150 per square foot for a 2,000 square foot home.
Building walls is one thing, but you also budget
for additional expenses that may arise. Joseph Cianciotto believes it is
critical to make an effort to account for all potential costs during the
planning stage.
Determine
The Construction's Start Date
For Joseph Cianciotto, one of the most
significant components of project planning is determining the exact start date.
So, it would be best if you set a date and stick to it. Remember that the
contractors you choose will require preconstruction.
Additionally, delaying construction can lead
to issues that threaten the entire project. So make sure you set your start
date before it is too late.
Assemble
a Quality Construction Team
Residential development is always a
collaborative effort, so your project needs an experienced team to ensure a
properly finished job. Joseph Cianciotto believes it is best to evaluate
multifamily residential construction services and contact professional bonded
contractors to assist you throughout the construction process.
Joseph Cianciotto believes it is critical to coordinate
the schedules of every team member on the specified building date. If you stick
to your plan and collaborate with a professional team, your goal can become a
reality.
Check
Every Detail Twice
After finishing a project draft, Joseph
Cianciotto recommends getting a second opinion. Then, examine your budget and
finalize your plans to meet your goals.