It never fails. Each and every trade show where I “man” the booth, the same question is asked that makes me cringe. This question is impossible to answer on the spot, as there are so many variables involved and it’s a slippery slope to give anyone an incorrect answer. Some of you may have guessed already, but the question I’m talking about is “What would the estimated square foot price be for a new [insert building type here] building?” Whether it’s a restaurant, manufacturing, medical or dental show, the answer is always the same—“it depends on the site, size and cost of the finishes you select,” which is usually followed by an eye roll of the inquirer. It's not a good feeling to let down a prospective customer, but, like I said, it’s never good to guess and tell someone too low and unknowingly get them excited about how inexpensive it could be, on the flip side, if you tell them too high, they walk away without any further discussion.
Posts about Financing Construction (3)
Your Building Makes an Impression on Your Business
What Is Yours Saying?
It makes a lot of sense that your building emits an attitude and gives a first impression that reflects your corporate culture. Immediately, visitors are assuming things about your customer service, quality, competency and staff when they come in your parking lot. So why is it that some business owners aren’t aware of the message their building is sending?
Lien Risks with Construction Sub-Contractors
You Risk Paying Twice When Sub-Contractors Don't Pay Their Bills
Liens Can Wreak Havoc on Funding
By Brian Stadler, Wolgast CEO
If you haven’t built a building in the last couple of years, you may be surprised when your banker tells you that they want to hire a Title Company to handle all of your payments to not only the General Contractor, but also directly to the General Contractor’s second tier Sub-Contractors. On top of that, that they expect you, the owner, to guarantee to the Bank and the Title Company that the project will be lien-free during construction.