Real Estate Blog

A construction business, by definition, exists to be profitable. You must ascertain if a job or project will be profitable before it even begins. Fastest way to determine profitability? Easy – produce a careful cost estimate.

For a small or medium builder, the procedure without Cost Estimating Software is mostly simple for small jobs. The builder will meet with the client and generate an approximate range estimate on the spot. A broader project will entail a blueprint review and formal proposal, as well as a elaborate budget quote. Continue reading ‘How to Use Construction Cost Estimating Software’ »

Contractor mortgages are basically mortgages that unlike standard mortgages are looked at on a case-by-case basis. This gives a contractor or freelancer a better advantage and opportunity to get an approval on a mortgage, at a reasonable rate. Many contractors have been discriminated by financial institutions based on their financial standing and the fact that they do not have a set income. However, with these mortgages specially catered to them they now can get a competitive mortgage to buy their dream home, like anyone else. There are certain things that play in the review of the application such as the duration of the existing contract, retained profits, contract rate, and the number of years the borrower is contracting. One thing to keep in mind is that these mortgages are not what most know as self-certified mortgages.

Continue reading ‘Contractor Mortgages Understand The Process’ »

A mortgage is a loan against property, which lends to the borrower to meet their specific requirements. The borrower has to pay this mortgage during the given period assigned by the lender. There are several types of mortgages and in this article our focus will be on contractor mortgages.

Continue reading ‘Getting Relief Through Contractor Mortgages’ »

A construction business, by definition, exists to be profitable. You must ascertain if a job or project will be profitable before it even begins. Fastest way to determine profitability? Easy – produce a careful cost estimate.

For a small or medium builder, the procedure without Cost Estimating Software is mostly simple for small jobs. The builder will meet with the client and generate an approximate range estimate on the spot. A broader project will entail a blueprint review and formal proposal, as well as a elaborate budget quote. Continue reading ‘How to Use Construction Cost Estimating Software’ »

If pre-qualification isn’t part of your contractor management, you’re mad!
Almost no Australian companies do it. Yet prequalifying your contractors before they start work can be the difference between litigation and a slap on the wrist. It also enhances your control over workplace safety.

When you have an understanding of your contractors’ insurance status, WorkCover registration and HSE compliance, you are able to proceed with confidence – or take the required steps to help them become compliant.

Continue reading ‘If Pre-Qualification Is not Part Of Your Contractor Management You are Mad!’ »