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Three Tips For Starting The Commercial Construction Process

One of the most intimidating parts of starting or expanding a business is the commercial construction that will need to be done. This alone is enough to discourage many people from ever taking the leap and starting their own business. This doesn’t have to be the case! Our team of construction experts at Restoration 1 in Tulsa are experienced in all types of commercial construction and are committed to providing you with the best construction experience possible. For anyone considering beginning a commercial construction job, here are a few helpful tips.

Find The Right Contractor

The first step in any commercial construction job is to find the right contractor. Because this is such a critical step, you should take your time to make your decision. Along with online research, you should also look for referrals from friends and family. You may also want to call a couple different contractors to get a feel of how they will work for you. Basically, don’t jump in headfirst with a contractor until you have done your research and feel confident that they are the right fit for you. Working for a contractor you can trust will significantly diminish the amount of stress and worry you feel throughout the construction process.

Get An Estimate

Unless you are very experienced in the construction industry, it can be very difficult to calculate an accurate projection for how much the job should cost on your own. There is just so much that goes into the construction process like costs of labor, materials, permits, and so on. Thus, getting an estimate is an important step because it will give you a solid idea of the expected cost of your project.

Work With Your Lender

Just like finding the right contractor, finding the right lender is an important beginning step in commercial construction. Even if you have been a loyal customer of a specific bank or credit union for a long time, don’t take it for granted that they are the right choice to be your lender. The main criteria when selecting a lender is the annual percentage rate of charge (APR) they offer. The lower the APR you can find the better. The only way to be sure that you are finding the best deal is to apply to several different banks or credit unions. In the ideal scenario, you get lucky and find a great deal for existing customers of a bank that you are a member of, or a great deal for new customers at a different bank.

Undertaking a commercial construction job for your growing business may be an intimidating endeavor, but don’t let that hold you back. Our team at Restoration 1 in Tulsa is here to provide you with the quality and service you are looking for in a commercial contractor. We hope you have found the tips above to be helpful and that you don’t hesitate to give us a call for any future construction jobs.

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