How to Start a Construction Project: A Realistic Timeline

How Do you Start a Construction Project?

Your business is booming, and you’re looking for a way to physically keep up with your growth. It’s time for a new building, and you know it, but where should you start?

Many business owners and operators know that the need for expansion to a new location or improvements on an existing building are necessary , but few truly understand the time it takes to revamp a whole structure or build a new one from the ground up.

Since your business is different from all the rest, a generic time frame will not be able to accurately predict the time it will take to finish the project. Typically, estimated completion dates can range from 3 months to a year and a half, depending on the type of work and the size of the job.

For any construction project there are several factors to consider :

• Will you lease an existing structure, or will you be building a new one?
• Do you have a new general location in mind?
• If the structure exists, is it in good repair?
• If you’re building a new structure, does the location you’ve chosen meet the criteria for the type of building you desire?
• Have you factored in the time it will take for an architect to come up with plans for the building before construction can begin?

Lease vs. Buy