Innovative Real Estate Podcast Show Notes

Episode 21 - Project Holdups and How to Avoid Them

Here's a glimpse of what you'll learn from us in this episode: 

  • The most common project holdups that we see, and how we tackle them.

  • Why you have to know your land and your bank well. 

  • Why most times you need a licensed contractor. 

  • What are some different contracts and their benefits. 

  • Breck's project highlight of the week: The Model Center!

"The bottom line is this... Know. Your. Site."

-Breck Crandell (Director of Design, TSI) 

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Show Notes:

  • 0:30 - Introduction to episode 21. 

  • 2:18 - Breck's Project Highlight of the Week: The Model Center! 

  • 7:26 -  First project holdup: hard to build land. 

    • 8:06 - Know the land before you buy it. ​

    • 8:50 - Wetlands and waterways. 

    • 10:16 - The benefit of getting a site survey. 

  • 14:47 - Second project holdup: Finding funding for alternative construction projects. ​

    • 16:20 - Most banks are not set up to challenge the status quo. ​

    • 18:00 - Why it pays to look at other finical institutions for funding. 

    • 19:13 - Alternative construction projects are a learning opportunity for the banks.

  • 20:40 - Third project holdup: you need a general contractor to fund your project...but you also want to diy.

    • 21:20 - In order to get funding from the bank you will have to have a licensed contractor. ​

    • 23:31 - Know your bank and what they will fund. ​​

    • 25:26 - The importance of the way contracts are written. 

    • 26:12 - What a construction management fee with a fixed cost is. 

    • 28:38 - The value in AIA contracts. 

  • 29:47 - Concluding thoughts for episode 21.​

Take a virtual tour of our Model Center here!

Ready to get started? Contact us here so we can put you in touch with the right member of our team to answer all your questions and set you up with actionable next steps. 

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