Roger Morph 
A housing project is more than blueprints, design or a stunning 3D rendering. It is the constellation of dreams, hopes and trust that a client places in your hands. Whether building a home, carrying out a remodeling or buying a property, it is essential for you and your client to understand the real implications of successfully bringing this dream to life. Let’s take some time to evaluate the key aspects prior to starting a housing project.
But first…
Planning ahead keeps you focused and on track. Try to define the project goal as detailed as possible. Work closely with the client and ask them all the necessary questions: who will live there? What kind of property do they want? What design and materials do they expect? How long are they expecting to live there? Have they considered maintenance costs and time?
Every detail matters. And communication is the key to reaching common ground in need of adjustments.
Location, land restrictions and soil conditions —The importance of foundations
A house location is as equally important as its foundation. Moreover, than the price of the land, think ofthe environmental and legal conditions that will shape the construction materials and the zoning regulations you must meet.
Remember that nature is a wild force to always consider. Tornados, floods, earthquakes, wildfires… Researching these conditions will prepare you not only for future projects that may increase or lower their value —and slow the estimated project time, but to your professional credibility.
Total budget —The detailed, the better
Everything is an investment: money, time and energy. So, in order to save some money, invest time to research material suppliers, comparecontractor fees and review required taxes and permits. The more detailed the budget, the more accurate and reliable it becomes.
Remember that the market has fluctuating prices depending on the global economic situation, and so the taxes and permits are different for each state and county. Keep it realistic and consider a contingency margin when budgeting.
Loan and mortgage eligibility —Financing options for the client
Nowadays there is a plentiful of options for financing a housing project. From loans and mortgage to funding and programs that help with competitive interest rates or low to no down-payments. However, it is fundamental to think about the approval requirements and processes: a good credit profile or pre-approval can be the key to surpassing monetary issues for the project.
Remember to check and compare all the options your client can apply to, depending on the type of project. There are conventional lenders and bank credits, as well as government projects that have specific requirements as it usually happens with va loan eligibility based on their discharge.
Contractor compliance and transparency —Taking care of your reputation
As a service provider, your responsibility goes beyond construction. Try to show transparency and be patient when counseling. If your licenses or permits are not on track, it will represent more problems for you and your client —and it may even carry legal problems. You must also include a realistic design and timeline you can meet. Clarity and professionalism are the key to confidence.
Remember that, nowadays, access to information is easier than ever and public opinion has a strong influence. Other people’s stories and testimonials play a major rolein what the client perception of you and your company. Furthermore, it may impact their decisions and your reputation.
Future maintenance and exit strategy —A long-lasting commitment
A house is an investment for the future. Even if it’s just a few years or a long-life home, it implies a long-term commitment. Thus, thinking about its future maintenance is crucial to ensure that a small fix will not easily turn into a huge plumbing or electrical issue. Some materials are more long-lasting than others, some require maintenance or replacement more often. Discuss with your clients all the maintenance implications carried out by materials and weather, so they make conscious decisions.
Remember to also consider the exit strategy: resale value, property prices and market trends for selling and renting. This will also define the project and how much money and time it could take.
No housing project is perfect —but it thrives teamworking communication. Awareness of all limitations, regulations and expectations will make the project easier and less stressful. Remember to always work on the planning and detail alongside your client. Help them to stay informed, build their confidence and add another successful project to your portfolio.
