As you may already know our main business is surveying in London, Surrey and Kingston. We specialize in residential and commercial surveys and carry out multiple surveys per week to enable our clients to decide whether to proceed with the purchase of a property or not.
Our clients make a decision based on the property’s current issues and future issues that may need rectifying in the short and long term, which we advise on. Knowing what to expect financially is crucial in determining whether a property is worth purchasing. If the finances are not planned for the property, this could land you in a bad purchase.
This may be why a good 5% of our new clientele are buyers who did not have a good building survey (if any) done on the house they purchased. As a result, the purchaser needs to undertake a project.
Sometimes the project has gone wrong and our new clients want us to survey their property to assess the damage the builders have done and what may need doing to repair it (as well as potential costs). This can be done on instruction of their insurance; other times their solicitors.
Unfortunately, the percentage of ‘builds gone wrong’ is large. The building costs in London and Surrey can also be high. So, the risk factors involved are big.
However, you can minimize risks by having a project manager coordinate the works for you. Here at Prinsegate Chartered Surveyors we undertake project management to make your life less riskier and much, much easier.
Why You Need a Project Manager
By having someone experienced coordinate and project manage your extension or loft conversion, you have less risk as opposed to doing it yourself. Most people think they know what “project management” is until they realise the importance of using industry standard contracts and adhering to those terms, even for smaller jobs.
Before coming to us, our new clients ran into regulatory and cost problems they did not foresee. When you understand the building work involved, this can be planned for. This is what we do as a Chartered Building Consultancy.
Dedicated project managers have years of experience and have seen a multitude of variants of what could go wrong. We know how the work needs to be done to avoid this happening. Like it or not, it is not the same level or type of experience that any homeowner or developer would have. An experienced project management surveyor specializes in projects. It is our trade.
With a property being a person’s biggest financial investment, it isn’t wise to go it alone and risk things going wrong. This is your biggest asset and getting it right the first time will protect you in the long term from unnecessary costs arising in the future.
What a Project Manager Does
Firstly, a project manager at Prinsegate Chartered Surveyors will look through the plans to determine whether something is within the scope of their work. They would then visit the property to check the current condition of the property against the plans of what is to be done. Price and terms will then be agreed and a contract will be signed between the owner of the build and the project management company.
However, the priceless service is in the consultancy work. Sitting down with us and reviewing the project face-to-face is what enables covering every possible aspect of the project that needs covering. New ideas arise from just a single meeting. Often, we find that our clients make their money back on our fees many times over from the saved time and monetary costs derived from our expertise.
Peace of Mind
Like any investment, real estate does carry a certain risk. It is much more favourable than other, less tangible forms of investment, but risky, none the less. As long as we make calculated steps, building our portfolio will turn out to be a slow, but sure progress. It is a great responsibility with owning property that holds many rewards, behind all the hard work and dedication. By adhering to these guidelines, we can be sure in making our first step into the great industry of property investment.
Once a consensus is reached, Prinsegate would then deal with the builders, their contracts and any other relevant party to the build. You can sit back and watch the project progress and liaise with us as a single point of contact. This means less headache. Imagine not having to worry about whether builders will turn up to the job or not, carry out the work to an industry standard, argue over pay, etc.
Prinsegate would check all the builder’s paperwork, including insurances, before their appointment. It is important to ensure the contractor is a reputable one and their past work has been done to a satisfactory standard. Half the job is in selecting the right contractor.
Areas of Coverage for Our Project Management Services
The following post codes are within our coverage range. For further locations please contact us.