Top 10 ways a Residential Project Manager will save you money

Did you know that around 90% of unmanaged building and renovation projects overspend by an average of 20% of the total original estimated costs. That means that a £100k extension could end up costing you a huge £120k. 

So while factoring in the additional cost of a Residential Project Manager (prices vary but for a full management service they typically run at around 10% to 15% of the overall project cost) might seem like you are adding even more money to an already expensive build, remember, the good news is that 9 times out of 10, any project management fee will be negated by the money that working with a good Residential Project Manager will actually save you. 

Whether you’re planning a renovation for your own home, or renovating a house to sell, a project manager can bring valuable skills and experience to keep costs under control and keep you sleeping soundly at night.

So how can they save you money? 

1. They will ensure you get the most out of your budget
   
   

2. They will ensure that the local authority planning criteria and building standards are met
   
   

3. They will manage the running of each step of the project closely 
   
   

4. They will stay on top of the numbers at all times
   
   

5. They will help source materials at discount prices
   
   

6. They will bring on tried and tested contractors and tradespeople
   
   

7. They will negotiate effectively with suppliers
   
   

8. They will ensure costly errors are avoided due to unnecessary mistakes and delays
   
   

9. They will ensure you project is built to specification
   
   

10. They will be your eyes, ears and voice to ensure your ideas come to life
    

In conclusion, a good project manager will act as a value-adding service in that they will save you time and money across all aspects of your home renovation projects.

Contact us today for all your Residential Project Management needs…