What are building allowances for new construction?

For new developments, builders may choose to include allowances in construction contracts. Allowances help to establish clear expectations about costs, as they allocate funds to particular areas throughout the construction process.

If your builder offers allowances, it enables you the right to provide a product or service. This cost is deducted from the total amount you owe the contractor. For example, if the price of the home is $400,000, and the builder gives you a $20,000 allowance for flooring, the amount paid to the builder is lowered to $380,000.

Providing allowances gives future residents flexibility to customize their home and contractors clear guidelines from which to move forward. Some of the usual allowances in residential construction include:

  • Appliances
  • Flooring
  • Plumbing fixtures
  • Kitchen countertops
  • Cabinetry
  • Light fixtures
  • Door hardware

In addition to providing customization for new construction, allowances can help you stay on budget. Each allowance is its own budget, helping you pick finishes you want while staying true to your maximum overall cost.

By working with tenants or owners throughout the process of the build, builders provide information about allowance options, as well as the pros and cons of choice for cabinetry, flooring, countertops, or any other selections that may be available. Also, if you go above the mini-budget in one area of the house or condominium, you can get back on track by cutting back somewhere else.  

If you know you want to be involved in choosing finishes for a new home, start working with the builder or general contractor as soon as possible. This will allow you to learn about the options you have, review the allowance for each, and make decisions without feeling rushed. If a build is almost complete, the general contractor will have to begin making choices so the job is not delayed, which would cost time and money.

What is the Role of a Project Manager?

Project managers, especially in construction, are responsible for juggling a handful of responsibilities. From start to finish, they carry out all aspects of the building process to align with the visions set forth by clients and developers. All the while, a project manager must ensure that tasks get completed safely, on time, and on budget.

Construction project managers must be experienced within the industry, as they tend to a variety of responsibilities requiring a great deal of knowledge. These include:

Planning: Before a project gets underway the project manager must establish a timeline for each stage of construction. Throughout construction, the project manager makes sure each stage is finished for timely completion.

Resource Management: Project managers must understand what resources and tools are required for a given project and have them available.

Staffing: Just as they are responsible for the resources for projects, a project manager is also responsible for staffing individuals of all trades. Hiring the correct people is essential, as the timeline and quality of work is dependant on it.

Setting Benchmarks: Setting benchmarks allow all parties involved to have a clear understanding of when certain things need to get done.

Budget Management: Project managers are responsible for the financial planning of a project and ensuring that the scope of work stays within budget. If any changes are made that influence cost, those too must be accounted for by the project manager.

While the above list encompasses the broad roles of a project manager, a lot more work goes on behind the scenes in order for a project to be completed on time and at a high quality. For a project manager to be successful, it takes a great deal of cooperation, communication, and confidence in his or her decisions.

 

What is Engineered Hardwood Flooring?

Hardwood floors are a sought after finish in any home. Hardwood floors create a high-end look, are durable and easy to clean, and have a low-allergy surface. But solid hardwood flooring can expand, contract, and warp during warm or humid months. This is why we choose to install engineered hardwood flooring from Neal’s Wood Flooring in The Residences at 66 High Street.

What is Engineered Hardwood Flooring?

Engineered hardwood flooring is made up of several layers. The top and bottom layers are 100% natural wood. The middle layers consist of plywood, hardwood, or fiberboard, and are crossed in different directions. Engineered hardwood flooring is typically between ⅜” and ¾” thick.

What are the benefits?

The construction of engineered hardwood flooring prevents warping and bowing, leaving you with durable, long-lasting floors. This allows you to install engineered hardwood flooring in areas of the home that are subject to moisture, such as basements or bathrooms. In these rooms, installation should occur with a protective moisture barrier.

What type of wood can be found in engineered flooring?

When it comes to engineered wood flooring, the possibilities are endless. You can find just about any type of wood, including hickory, oak, maple, walnut, birch, tigerwood, and even bamboo. You also have options for the surface finish, including wide or narrow boards, gloss or matte finish, or hand-scraped or distress for a rustic appearance.

Getting the right look is important when choosing wood floors. Depending on the room size, flow of traffic, and level of the room, some options will be more suitable than others. Neal’s Wood Floors answers some additional frequently asked questions here.

 

What is a Build-to-Suit Property?

Are you looking for an office space or residence, but none seem just right? There is no need to compromise. Build-to-suit (BTS) developments offer extreme flexibility, as a given room or building can be shaped to meet the various wants and needs for you or your business.

Build-to-suit properties are most often commercial leases, but can also be found in residential developments. With BTS, the landlord or developer builds to a tenant’s specifications. During construction the tenant is allowed the freedom to dictate his or her future space, as long as changes do not interfere with the structural and mechanical systems. Buyers or tenants can make significant changes through the restructuring of walls, rooms, and closets. Decisions on aesthetics, including finishes, appliances, and color scheme, are also made during the BTS process.

At Horton Group, we aim to please by offering build-to-suit developments. If you’re looking for a commercial property that can be built to meet your company’s needs, check out 350 Goose Lane Office Park. Our luxury condominium units at The Residences at 66 High Street can also be altered to fit your family’s needs.

 

What is Type II-B Construction?

New construction, whether it is for a single family home, small business, or large complex, requires builders and companies to follow strict guidelines to ensure safety for all involved.

Every building is classified as a construction type based on the materials used to build and the fire resistance rating of the materials. The five main types of construction are outlined below:

  • Type I – Fire Resistive
  • Type II – Non-Combustible
  • Type III – Ordinary (Exterior Protected)
  • Type IV – Heavy Timber
  • Type V – Wood Frame

In our ongoing luxury project, The Residences at 66 High Street, we build to fit guidelines of Type II-B construction. Type II-B construction is an uncommon form of construction in Luxury Real Estate condominium developments such as this. The walls and roof are constructed from non-combustible materials, such as masonry, tilt slab, or metal. Weight bearers in Type II-B buildings are typically steel beams.

Type II-B construction is one of the reasons The Residences at 66 High Street has won the Home Builders and Remodelers Association of Connecticut’s distinguished HOBI Awards for:

  • BEST Condominium Community
  • BEST Luxury Condominium Unit
  • BEST Historic Rehab
  • 2016 PROJECT OF THE YEAR

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