Industry Trends for Builders

As a builder, breaking ground on a new construction project can be both satisfying and nerve-wracking. From the beginning, you know you’ve done your best to plan ahead and ensure a smooth project however, in the back of your mind, you know that things can and often do go wrong. Some issues are minor and lead to headaches, but aren’t a big impact. Other issues can have a major effect on your project – and its profitability. Here are the top 5 reasons for cost overruns in construction management.

Many construction businesses and builders find themselves in the position to ask for a construction loan. In order to accurately decide how much to ask for when applying for a loan, a new construction loan assessment needs to be made prior to ensure all of your bases are covered.

Part of the process of building a new house is acquiring the financing needed to pay for the home’s construction. When a builder acquires a new construction loan rather than passing the task to the buyer, it streamlines the process for the builder and for the buyer. Not all loans and lenders are created equal, however, so here are some things to watch out for when acquiring new construction loans.