Regular Home Builder VS Professional Home Builder
With real estate prices soaring in Vancouver, more and more people want in on the action. Whether its through buying land for development, purchasing properties intended to be flipped or a means of creating passive income by remodelling a property for rental. A point of contention that repeatedly comes up is the cost of building homes. Since building material prices are dramatically fluctuating, to be on the safe side many first-time investors opt to hire an average home builder or even a general contractor, over a trustworthy professional building company. What’s The Difference? So, is this a problem? What is the difference between a regular builder and a professional home builder? A regular builder or general contractor is often a sole proprietor or a single-person contractor who can do general repairs around the house. Often times these builders are usually only equipped with a van full of tools and not much more. There is no barrier of entry when it comes to becoming a builder, most start as apprentices and learn on the job. They do not require any advanced technical training or degrees which leaves many, often times underqualified, workers to enter the profession. In comparison, a professional home builder often possesses a team of advanced construction experts who have complete in-house capability to build homes from top to bottom. They usually have a head office with departments in engineering, design, accounting, & marketing. Professional home builders in BC are classified as Licensed Residential Builders which comes with governing provisions they must follow. This is to ensure that homes are constructed to meet only the most stringent requirements. Professional Home Builders must also supply their clients with a 2-5-10 construction warranty on their erected structures. The 2-5-10 warranty gives the homeowner a 2-year warranty on labour and materials (some limits apply), a 5-year warranty on the building envelope (including water penetration) & a 10-year warranty on the structure. It is often said whatever you save in the short run by hiring just any regular builder will be multiplied by 10 and spent in the long run. Licensed residential builders in Vancouver bring multiple attributes to the table which a regular builder or general contractor does not. So why do some people choose these builders? Let’s take a look at the multiple facets which you must consider before committing to either one of these two options. It is definitely a rational move for an investor to look for any means to reduce the cost of construction, but a professional building company will bring many advantages in terms of quality, safety, reliability and productivity to a project which makes it a definite must. The funny thing is that in a long run a professional building company will be more affordable than an average builder and will save many sorrows and regrets at the end for investors. The major reasons it is preferred to choose a professional home builder in Vancouver over a regular home builder are as follows: Quality Control Professional Building Companies in Vancouver have systems in place for each step of construction, these systems ensure the quality of the work completed and makes sure to minimizes risk and errors/work repetition. These systems also ensure effective scheduling is implemented which significantly reduces the construction time and consequent cost. Effective Management and Communication Profession building companies possess comprehensive reporting and documentation routines which will ensure all details of the work are checked and recorded. Nowadays, these systems are cloud based which makes the information available for everyone in the company. These systems are an effective tool for communicating with investors to help them stay up to date with any and all aspects of the ongoing project. Productive & Clear Scheduling Through effective scheduling practices, a professional building company will inform the investors of the exact time of commencement and completion of each task as well as whole project. Hence, from the start of a project an investor will remain well informed of project timelines, task costs, timing and construction draw amounts. Effective scheduling will help the projects run smoothly. It prevents confusion and headaches concerning project financials. It will reassure investors that there is no increase in the construction costs and helps avoid any unwarranted costs down the road. Reliability Professional builders are held accountable for their actions to a greater degree than an average builder or general contractors. They have a reputation to fight for and won’t will be repeatedly readjusting their designs, styles, controlled routines. Professional building companies possess customer service capabilities which are much more robust and reliable than an average builder. It is always easier and more pleasant to deal with a team of professionals who have staff on standby. With a professional building company, you can rest assured that they are held to a stringent standard and won’t increase your costs down the line. An average builder on the other hand is expected to only follow rudimentary code. On average, home builders are researched by prospective clients anywhere between 6 to 12 times more than regular builders and general contractors! This also leads to an increase in possible litigation. Professional home builders in Vancouver are held legally liable for their work which also plays a large role in why they hold themselves to such high standards. Distinction & Ease of Sale Every intelligent new home buyer always asks for the builder’s information and schedules to meet with that builder to go through the home’s details. Professional building companies put their brand on your home and bring distinction and prestige to your investment. They signal to all future home buyers that the home was made by the best. These kinds of homes sell for much higher during any market. Cost Of course, non of the above stated advantages would come free with a professional building company. Keep in mind that a professional building company will also save on construction costs through several ingenious means like significantly decreasing construction time, increasing the building quality dramatically & making the home energy efficient in
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