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Calorique Blog

Our blog is dedicated to Home improvement, Energy saving, New Energy Sources.

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How To Become A Successful Property Developer

Property development is a popular and ever expanding field, with more and more people giving up their day jobs to follow their dreams, with an opportunity chance to watch your hard work turn into reality and ultimately make serious profits. However balancing cost, quality and a reasonable time frame is important if you are going to avoid your dream turning into a nightmare, so following these simple rules will ensure that your project comes off without a hitch.

Build the Vision

Before you buy any land or property, or even embark upon the planning stages, every property developer should have a clear idea of their goals and why exactly they are choosing a specific plot. Are you renovating a period property to its former glory, or building a modern home in a kid-friendly area that’s perfect for families? Remember that at the end of the day you need to be able to sell your house, so avoid indulging in personal taste and have a specific market for your development.

Plan and Budget

It seems like an obvious thing to say, but you would be amazed at how many people underestimate costs and time frames in their enthusiasm to get started on a project. One of the most important things that can make or break a property developer is planning, and failure to take account for every expense, delay and potential problem might give you a nasty shock later down the line. 

Budget your project and leave a contingency fund in case of emergency, and that way you will already have factored in any unexpected costs in case they do arise. Make sure that you have all of the necessary planning permission, and where possible get quotes before you start for jobs such as stonework, scaffolding, architecture and electricity work. Have a clear vision of what you want, and know exactly what needs to happen to achieve it.

Outsource to Reputable Traders

They say that if you want something doing, do it yourself. But when it comes to property development, outsourcing is essential. However it’s also the area where you’re most likely to slip up if you don’t do your research. Whether you’re looking for a stone mason, electrician, plumber or other professional, make sure that you choose a reputable company with the necessary accreditation, a sound portfolio, and a few good references before you go ahead. Getting the best quote and the most convenient schedule might seem like a priority, but if the end result isn’t up to scratch then it could compromise your whole development.

The success of a property developer doesn’t just depend solely on hard work and determination. Of course, planning, budgeting and a vision is key, but you also need to remember that you are reliant on the market wanting to buy your house. And the construction workers who will make it happen. However if you keep your mind on the end goal and an eye on quality workmanship, there’s no reason why you shouldn’t succeed.

Article written by freelance copywriter Kelly Gilmour-Grassam, who loves fine food in interesting places. Follow her on Twitter at @KellyGGrassam. This article was written with helpful information from Henley Stone.

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Over the past few years the number of electricians around the world has more than doubled. This is not only because there are a growing number of people who are training to become electricians but also because the job of an electrician tends to be highly financially lucrative. That said there is a big difference between just an electrician and one who has years of experience and specializes in certain types of electric projects. So, obviously the better the electrician is at fixing an array of items or the item that you want fixed the more expensive they will be. But expensive does not always mean that an electrician is good. This is why there are a number of things you need to keep in mind when searching for an electrician for your job.

The location of the electrician

Ideally, you should stick with searching for an electrician in your city. An electrician who is a block or two away from your home will reach you quickly and you can call them a few times if the problem you hired them to fix persists. However, if you do not have an electrician who resides a block or two away from where you are located you should expand your search to electricians in your city. If you search online you can use the 'advanced options' of any leading search engine to limit the search to your city and then further refine the results to where your area.

Know the nature of your job

If you need an air-conditioning unit installed, or an electrical water heating unit repaired a regular electrician will not be able to handle these tasks. You will need to hire an electrician who specializes in these jobs. This will require that you call up the electrician that you are considering and ask them what they specialize in. Don't tell them what you want repaired until you hear what they have to say about their specialization. There are some services that specialize in more than one type of job and this is because they have a team of electricians with varying experiences, they will then send over the person with the most experience to your home or office. But never tell them what you want repaired until you hear from them first.

Ask friends and family members

Everyone needs to hire an electrician but some people have a lot more experience dealing with these professionals than others, so they obviously know more. If you know friends and family members who may have gotten things repaired in their home ask whom they recommend. Many times their recommendation can help set you off in the right direction. In addition you can search the internet for reviews to find out which electrician in your area has the best ratings and why. Generally, you will want to choose an electrician with the most experience with repair or installation projects like the one that you want.

Get quotes from all the electricians

Once you have short listed all the good electricians in your area the next step is to get quotes. Electricians that have websites are the easiest to deal with because all you need to do is to request a quote via their website. Electricians like Quick Connect Electrical have an online form that people can use to either request a quote or find out more about the service. To get the most accurate quote people are strongly advised to describe their job or jobs in detail. For instance if you want to get a hot water heating system installed then describe, the manufacturer, capacity, the age of your home's writing, if the previous unit has been taken out etc. So, the more details you can add the easier it will be to get more targeted quote.

Ask them for references

Always ask an electrician you are considering for references. Any decent electrician should have a few references which you can call to find out about the job they did. When you are provided with references make sure to call the numbers at random to find out about them prior to deciding whom to hire. This is an easy yet very important step which needs to be taken.

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  •  License: Royalty Free or iStock source: http://commons.wikimedia.org/wiki/File:US_Navy_041019-N-6651N-001_Aviation_Electrician_Technician_3rd_Class_Robert_Maregian_of_Detroit,_Mich.,_assembles_an_S-3_Viking_APS-137_transmitter.jpg
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Mark is one of the leading expert electricians in Australia. He specializes in most types of electrical jobs and has trained a number of people over the years.  Even though he runs one of the leading electrician services in Australia he continues to write DIY articles intended for regular people to take on electrical jobs of their own. 

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Over the past couple of years the demand for electricians has increased steadily. However, finding a good electrician is till like finding a needle in a haystack and this is despite the fact that these services are popping up almost everywhere. In most cases the electricians you encounter are either not qualified enough or they are not certified or don’t have enough experience so either way hiring them is not a good idea. That said more qualified and experienced electricians tend to be expensive. Sometimes as much as 50% more expensive but you don’t have to pay that much for their services if you know how to negotiate and understand the quote they give you. Expect to save around 30% off what is quoted if you are prepared to do some work on your own.

Get multiple quotes

To start off with you should first get an idea of what the cost will be for that given job. Visit a few nearby electricians and don’t worry about their qualifications. Just ask them to take a look and give you a quote. Even though you may not have any intention of hiring them the quote should tell you a little of what you can expect in the way of work and costs. Also ask them to break up the quote to clearly outline things like labor charges, installation costs and replacement costs. If they are going to for instance replace switches or fuses then ask them to detail what types of fuses they will use and what switches they are going to use. These are very important factors to consider because the quality of these items vary and installing low quality may in fact end up being cheaper but they will not last you as long as properly manufactured and warranty backed replacements. The more you know about what they will install the better position you will be to judge if the electricians you’ve consulted are any good.

Compare quotes

Compare the quotes that you’ve received from the electricians you’ve consulted. Compare labor costs and replacement costs. Ideally, you will want a good electrician to use high quality parts and charge you little in the way of labor. However, as mentioned earlier you’ve gotten these quotes simply to get an idea of what you’ll end up paying. This will also help you negotiate with an expert electrician.

Negotiate with comparisons

An expert electrician is obviously going to be more expensive to hire than the ones you’ve consulted. It is assumed that you’ve verified that they are experts and experienced because everyone will say that they are. The best way to negotiate is to ask the electrician to lower their labor costs by around 10% and not charge you for replacement parts. Rather offer to buy the parts yourself. He should provide you with a list and you can search for these parts online which are often available at way lower prices than what the electrician may offer them to you for. However, keep in mind the fact that you should always buy replacement parts backed up by a warranty. If it does not have a warranty then there is a good chance it will fail and ruin the job the electrician did.

A complete quote

Many expert electricians may charge you by the hour. The quote will reflect their hourly labor charges. You can reduce the cost to some extent by asking them for a complete quote. Ask them to charge you based on the work done and not the hours it takes. The upside to this is that the electrician will work faster and take fewer breaks which results in an overall saving for you.

Hiring an electrician can often be a rather stressful decision. The best way to do it is to hire a known and established expert electrician service like the one offered by Electrician to the Rescue. The service backs all their jobs with a solid warranty and they have been around for ages. If you are in a hurry you can simply visit their website and fill out the online request for an electrician and get a response almost immediately this helps you save time.

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Mark is a certified and experienced electrical engineer. He has been working as an electrician in Sydney for well over a decade. A keen eye for detail and an interest in all things electrical is what has made him one of the leading electricians in the country. He is also the author of various how-to publications. 

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