SHOULD I WAIT TO START MY CONSTRUCTION PROJECT

Are you considering delaying your construction project in hopes of lowering costs or for other reasons? While caution and planning are essential, there are reasons to start your project sooner rather than later. In this blog, we’ll explore why the benefits of getting your construction project underway now often outweigh the negatives.

Cost Control and Predictability:

Construction costs are influenced by many factors, many of which are unpredictable. By starting your project, you can better control and predict costs. Waiting could lead to unforeseen price hikes in materials or labour, causing you to exceed your budget.

Contractor Availability:

Experienced contractors are in high demand. Waiting may mean that the best contractors are booked, potentially leading to delays in starting your project. Starting now ensures you have a better chance of securing a good team. In recent times we have been booked up for around 15 months in advance although we have worked hard to reduce this lead time by implementing new systems and hiring new employees in key roles. 

Property Improvement and Value:

Improving your property often leads to an increase in its value. By starting your project promptly, you can enjoy the financial benefits sooner, whether it’s for a residential or commercial property.

Opportunity Cost:

Delaying your project means missing out on the potential benefits and returns it could bring. Whether it’s a revenue-generating project or one that enhances your quality of life, waiting can mean missing out on these opportunities.

Economic Uncertainty:

Economic conditions can change rapidly. Waiting for a more favourable economic climate might lead to unexpected challenges. Starting your project in the current environment allows you to better navigate these uncertainties.

Regulations and compliances:

Building codes and regulations can change over time. By starting now, you can avoid potential new requirements and associated costs that may arise in the future.

Conclusion:

While careful consideration is crucial, there are arguments for beginning your construction project now. Controlling costs, securing the best contractors, and enjoying the benefits sooner are just a few of the advantages of getting started promptly. If you’re ready to turn your construction vision into reality, now might be the perfect time to break ground.

Remember, each project is unique, so consult with construction experts to assess your specific circumstances and make the best decision for your construction journey. Don’t let opportunities slip away – take the first step toward your project’s success today.

If you are looking to start the conversation about your new project contact today to get started. We’d love to hear from you.

TJD JOINERY AND BUILDING SOLUTIONS LTD