Cost is one of the top priorities—if not the top priority—of most homeowners and commercial building customers. Structural Buildings understands that constructing a building is a big investment. That’s why we wanted to share our experiences with building project budgets and how you can finance your project this year.
Low-Ball Quotes and the Cost of Poor-Quality Construction
Most people constructing a turn-key commercial building obtain multiple quotes. If you receive one that comes in way under the others, that’s a red flag. Here’s why.
When you spend tens of thousands of dollars on a new building, the last thing you want to do is spend money on addressing quality issues. Often, builders underestimate total costs on an initial bid for a project to reduce costs. But often, this means they’re planning to either cut corners or nickel and dime you through the building process. Both create higher costs down the road.
All post-frame construction projects include costs that cover work quality. When you work with a reputable builder, these costs prevent poor construction and material quality. Spending a little more to make sure your builder’s work is done properly and with quality products saves you money in the end. When work is done correctly, you avoid additional costs for redesign, rework, and re-inspection.
Poor quality can be a problem at any stage of the construction process, from design to long after inspection. Unsafe or unattractive design, shoddy workmanship, delays in the design and construction process, and cost overruns are all the result of poor quality and cause costs to rise. Poor quality may even lead to costly contract disputes.
Affording High-Quality Construction
If you’re going to avoid the low-ball quote, how will you afford the cost of high-quality construction? Part of Structural Buildings’ commitment to high quality is being honest and up-front with you about the true cost of your project. This means our quote is an accurate picture of what you’ll pay for your project. We also back up our work with a warranty.
With an accurate idea of what your total costs are, you’ll be better able to find financing options that work for you. We encourage homeowners to discuss financing options with their personal banker or mortgage lender. Commercial building customers can pursue commercial loans, including several SBA lending choices. Some cities and counties also offer lending and grants for developing certain properties. Contact your city or chamber of commerce to discover your options.
After 33 years, we’ve seen all sorts of financing solutions for building projects. We’d love to talk with you to explore all your options and find the correct building solutions for you. Contact the Structural Buildings team today to get started.