As an experienced civil engineer and real estate developer who has been involved in the industry for more than 25 years, Gilbert Fontenard is able to approach every project he takes part in with the benefit of prior experience. This is an asset that is not always available to those who are making their first forays into real estate development, so try to keep these pointers in mind to ensure your project is successful.
Understand Local Laws
Many countries will require you to meet a number of conditions before they will approve construction on a development project. These can include getting planning permission and ensuring that your development does not violate any zoning laws. Make it a point to visit the relevant people so that you can have face-to-face discussions about what can be done to resolve such issues.
Hire Good Contractors
While your budget will always be a concern, it is crucial that you hire contractors who are actually capable of doing the job. While this may mean spending a little bit more, you will find that you save in the long term and avoid any issues related to mismanagement of the construction aspect of the development. Conduct thorough research and make sure to examine previous projects that interested contractors have been involved in.
Build Relationships
Gilbert Fontenard notes that communication is key to the success of real estate development. You should stay in contact with all key stakeholders and investors to ensure they are up-to-date on recent developments. Make sure to form strong relationships with any contractors, architects and designers that are attached to the project as well.
Understand Local Laws
Many countries will require you to meet a number of conditions before they will approve construction on a development project. These can include getting planning permission and ensuring that your development does not violate any zoning laws. Make it a point to visit the relevant people so that you can have face-to-face discussions about what can be done to resolve such issues.
Hire Good Contractors
While your budget will always be a concern, it is crucial that you hire contractors who are actually capable of doing the job. While this may mean spending a little bit more, you will find that you save in the long term and avoid any issues related to mismanagement of the construction aspect of the development. Conduct thorough research and make sure to examine previous projects that interested contractors have been involved in.
Build Relationships
Gilbert Fontenard notes that communication is key to the success of real estate development. You should stay in contact with all key stakeholders and investors to ensure they are up-to-date on recent developments. Make sure to form strong relationships with any contractors, architects and designers that are attached to the project as well.