Most people find starting a commercial construction job challenging. However, some individuals think the process of constructing a commercial building is the same as that of constructing a residential building. But, starting a commercial construction project can be intimidating for most people. That’s because there are many things to do upfront that determine the outcome of the project. Here are 4 crucial things to do before starting your commercial construction project.
Identify the Right Location
Identifying the right location for a commercial construction project entails more than finding a lot that will fit the needs of your building in terms of its size. You have to consider other factors like the traffic that will pass through the doors of the building. You should also consider other buildings or companies near the lot and what they do. Other factors to consider when identifying the location of a commercial construction project include earthquake and flood risks.
Get the Necessary Permits
You need permits to embark on a commercial building project regardless of the nature of the property. Permitting varies depending on the location of the construction site. Therefore, check these with your local authorities. In fact, this can be done even before drawing commercial construction plans. After drawing the plans, send them to the local planning commission. Plans are mostly approve after 3 readings. But, remember that the approval process can take even a month. Additionally, you will hold several pre-construction meetings before you start your commercial building project.
Address Finances
Don’t start your commercial construction project when unsure if you have the necessary finances to finish it. Instead, start by securing financing for the project. If you can’t afford the cost of building a commercial property with your savings, consider the available options. For instance, you can get a construction loan. Simply put, make sure that you have the money required to handle the project from the beginning to the end.
Get Pros
Before you start your commercial construction project, get the right pros to do the work. These include architects and contractors. This implies that you may need pros to draw your commercial building before acquiring the necessary permits. Nevertheless, make sure that the pros understand what exactly you need.
Doing these things before you start working on your commercial construction project will enable you to avoid possible headaches down the road. It’s crucial to assemble your team carefully because it’s this team that will guide you during the project.