Are you thinking about doing new construction to your home? Maybe a sundeck? Or a tool shed? Or you want to go so far as to put in a pool. Very exciting endeavors that will bring joy to your family for years to come. But in the excitement did you overlook the need to obtain the proper permits for your new project? Well you may think it’s my own property why should I get a permit? Well the answer is very simple, and could lead you away from a very costly mistake. Not every piece of property is zoned for every type of construction project. While you may think you live on a residential plot, and all the amenities that come with being a resident are free to you, this might not be the case.
For instance; are there utilities running underneath your property that you were not aware of? While installing a foundation for an outside AC unit for a Phoenixville air conditioning project, a PA based HVAC company later learned that there were sewer lines beneath their work. Most residential plots at City Hall have maps and grids of everything that was on or underneath your property. The problem with that though is that very few people actually research this before they buy a new home. As consumers we are thrilled with our new purchases, but don’t really go through the needed research to make sure we’re getting exactly what we wanted. And as a consequence there maybe underground gas or water lines, or even cable lines that can’t be breached by digging.
This is the information you really need to know when purchasing a home if you’re thinking about building on it in the future. Many people choose to dig or build without obtaining the proper permits, and find out during the next inspection that the new structure is out of code. Then you have to spend lots of money to rebuild or even remove the newest prize possession. So the safest and most economical way to start a new project, is to go down to your local municipal office and obtain zoning permits or building permits for your new project. Once these are submitted, the proper research will be done for you and once they come back clean, you will be free to build all you want. If there is a reason why you cannot build, your local county clerk will make you aware of such instances. Better to be safe than sorry.
Construction equipment is a huge investment, these heavy duty vehicles were built to carry out very specific tasks and before you pay the hefty price to buy one of these vehicles you need to make sure that your company can recoup the costs. There are other options to buying you can also lease or rent any equipment that you need. That leaves you wondering…should you buy or lease your equipment? Let’s have a look at both options so you can make the right choice for your situation.
Leasing or Renting
If you choose to lease your equipment then the financing will be done through a leasing association. Most companies cannot afford to buy outright, they simply don’t have the cash on hand. Leasing or renting is usually the best option for contractors that aren’t flush with large reserves of cash. If you only need equipment for a single project or just a short period of time then leasing or renting makes far more sense than buying heavy equipment.
Most contractors today don’t want to own the equipment, they don’t want to absorb the costs nor do they want to maintain the equipment year after year, making leasing a much better option. Leasing or renting also provides you with the chance to test the equipment without the burden of cost or investments over the long term. However many leases start out with a 6 month agreement and at the end of which you have the option to purchase, this saves you the loss of equity investments. Always read the fine print construction financing can be complicated. Here is a breakdown of how it works.
An outright purchase is exactly that, you pay the purchase price and the equipment is yours to do with as you please. Leasing, on the other hand is far more complicated. You will have recurring payments and there are lots of different financing options. You can have repayment terms that can vary from 6 months to 5 years.
Manufacturers like Caterpillar or John Deere have their own financing departments, giving you the chance to deal directly with the manufacturer. This cuts out the middle man making the costs much lower. You will need to have excellent credit to qualify, otherwise you will need a third party that offers financing to those with some blemishes on their credit report.
As to whether you should lease or buy heavy equipment, that will largely depend on how long you will be using it. If you do heavy construction then buying may be a better option. If you only have the one project in front of you then leasing short term or even renting is better.
Technology plays a fundamental role in the construction industry, it is what has allowed us to build big magnificent structures. It is the tools we use to design and build most buildings today, customers can know exactly what their home or building will look like before the foundation ever gets poured. 3D models and pricing software gives us the chance to remain competitive and keep costs in line. Here are some of the ways construction and technology go hand in hand.
Any construction project has different people working on different aspects and on a big project the people working can number in the hundreds. Coordinating all of this without some type of software is nearly impossible. With communication technology and project management software getting the right work orders to the right people is no longer a problem. The crew can get to their assigned task easily and at the right time.
CAD Drawings and Computer Modeling
Not so long ago all construction plans were done with pen and paper. Architects and engineers would spend weeks putting together a design and making changes meant starting all over again. It was difficult for the client to visualize the project based on the architectural drawings. Today with computer aided design weeks’ worth of work can be done in an afternoon and changes are easily made. The client can easily see the architect’s vision with the use of 3D renderings. In addition to this, the software can also calculate how much material is needed along with the cost.
Construction software can help you get through all aspects of the project from planning to execution. It can help you price out and bid on jobs, it can calculate material costs as well as how much labour will be required. It can handle scheduling such as when plumbers or electricians should be on site so the project isn’t held up while you are waiting for a subcontractor. Construction software can help you drastically cut costs by using more accurate calculations in building materials.
Laser and GPS Technology
It wasn’t that long ago that builders used tape measures along with string to mark out and measure the boundary lines of the construction site. Fortunately those days are done and today we have lasers and GPS technology that is more accurate and faster. There is no more guesswork and you can save both time and material getting things right the first time.