In most cases, an RI construction company may have a challenging time with the first stage of development, which would be to source land that is suitable for planning and design. Besides, stories have gone around about developers facing all kinds of setbacks and delays as well as any plans were drawn up being refused by the council. These are the kind of losses that could have been avoided if developers had a better understanding of planning regulations and rules.
The thing is that before you start planning any construction work, there are numerous considerations to be made, which range from who would be responsible for what to where your existing plans are stored and what by-laws may have an impact on your vision of a new home.
Also, general contractors should have adhered to the specific planning regulations before submitting their application for the relevant permits.
For this reason, most construction companies would try and set up the necessary structures on land that already has the permits required; even if they have to pay a high price for this privilege. If a developer is willing to put forth the effort in grasping the planning stages of property development, then they are more inclined to make a profit.
Setting the Right Structure
Before a property developer would even start the whole development stage, they need to know if they will be holding or selling the property. This would be even before they begin to set their eyes on a specific site. This is so as different structures may lead to a different set of tax outcomes. Whether it be capital gains, GST or income tax, it is crucial that they seek guidance from a tax specialist as well as a legal advisor on the sort of structure that would be best suited. This needs to be done at the start of the property developers journey.
As mentioned from the onset of this article, a successful property developer needs to be well aware of any kind of pitfalls they’ll face when starting their project. Many of them may have toyed with the idea to follow their dream of becoming a reputed property developer, and thinking they can do it alone, only to discover that it is not as easy as they thought it to be. To be successful, they need to seek the services of experienced and knowledgeable individuals who developed a proper understanding of all subdivisions, buildings, and developing aspects. Not being aware of the various pitfalls associated with starting their own development project can set them up for disaster, which is something they can ill afford.
It is also a case of not being afraid of paying the money needed to get professionals on board who can help them grow their network of contacts and ensure they bring in enough business in the process.
The Role Plumbing Plays in Property Development
Did you know that the word plumbing is taken from the Latin word – “plumbum” that is used for lead? This is so since pipes were made from lead at one time. Plumbing is defined as a skilled trade working with pipes, plumbing fixture, tubing, and drainage of waste which is found among various plumber contractors. Then again, plumbing also refers to fixtures and pipes that are installed in commercial and residential properties to ensure the removal of waste and clean water distribution.
Any contractor dealing with all sorts of plumbing issues are known as a plumber. Their job description would include repairing and installing all types of piping systems, and installation of water heaters and geysers. It is crazy to think that the plumbing industry plays a huge role in any development due to the need for proper waste removal and potable water.
There is a marked difference between plumbing and sewage and water systems. A plumbing system would serve one building while a sewage system would serve a whole group of buildings. Plumbing systems in their simplest form would consist of supply pipes that lead to a given fixture as well as drain pipes that take water away from the fixture.
Besides tubing and pipes, various other fittings saw the light of day such as unions, valves, tees, and elbows. These modern plumbing fitting require regular maintenance and checking which is why you would do well to enlist the services of reputed plumber contractors.