PROPERTY: 7 Deadly Sins of Construction (And how to avoid them) With Ian Rogers

In this episode, Rob speaks to Ian Rogers. Over the past 40 years, Ian has been involved in over $200 million worth of construction and over $5.5 billion in capital projects. Currently, he is working on government projects in Barbados, while also working internationally as a consultant. Ian and Rob look at the costliest mistakes made when managing construction projects. Errors that cause untold damage whether it is a single dwelling, a hotel, an HMO, or a piece of infrastructure that is being built. Mistakes that regularly derail otherwise viable projects. Ian highlights each issue and shares some effective ways to avoid them being a problem for your construction project.   KEY TAKEAWAYS Over 80% of construction projects fail.  Research is vital, followed by sound planning. Understanding how the building is going to be used is essential. It ensures that the necessary facilities are included in the design. Carry out an initial feasibility study and put together a framework spec before calling a designer. The better the briefing, the better the design will be. Build specs need to be detailed enough to stop the contractor from cutting corners to make a higher profit. Think about the costs of running a building, at the design stage. A glass frontage may look great, but it can leave the owner with huge power bills. Not scheduling out your timeline properly has numerous negative impacts, which are discussed during the podcast. Labour availability is a serious issue for any development. Don´t do things using only drawings and specs. Always put a contract together. Keep a record of everything, including the details of issues as they arise.   BEST MOMENTS ‘On average, 80% of construction projects fail.’ ‘Excessive change orders come primarily from not thinking the project through.’ ‘At the very beginning of any project, look at the viability of what you’re trying to achieve.’ ‘The contractor needs to be told that we need to know everything, Bad news, good news, everything.’ ‘When property is done properly – everyone wins.’   EPISODE RESOURCES Website: https://www.ianjrogers.com/ Property Done Properly Podcast: https://www.podchaser.com/podcasts/property-done-properly-4237740   ABOUT THE HOST  Rob Smallbone, the host of The Property Nomads Podcast, is on a global mission to guide your success. Success can happen in many ways, shapes, and forms. Think about what success means to you. More properties? More clients? Financial freedom? Time freedom? Rob wants to make a huge difference to people around the world. He is here to guide your success in property, business, and life and to inspire you to achieve your goals, dreams, and visions. He's travelled, explored, and invested. And he's not planning on stopping these activities anytime soon. Buckle up, sit tight, and enjoy the ride that is life.   BOOKS  Buy To Let: How to Get Started = https://amzn.to/3genjle   101 Top Property Tips = https://amzn.to/2NxuAQL  Property FAQ = https://www.amazon.co.uk/PROPERTY-FAQs-Frequently-Property-Questions/dp/183834909X/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=1647417267&sr=8-1   WEBSITE www.tpnpodcast.com    SHOP   www.tpnpodcast.com/shop    SOCIAL MEDIA   Instagram - https://www.instagram.com/thepropertynomadspodcast/   Facebook - https://www.facebook.com/ThePropertyNomadsPodcast   YouTube - https://www.youtube.com/channel/UCejNnh8OEUXSrdgFDFraWxg   PODCAST   The Property Nomads Podcast:   I-Tunes = apple.co/3bHNn5G   Stitcher = bit.ly/3cFQVqe  Spotify = spoti.fi/2XaZliP  uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast