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August 25, 2022
Construction is complicated, and every project is unique. That goes double for building a self storage facility, where multiple aspects of the process are going to change based on the local market, the municipality, and many other aspects. So, what are some ways you can set yourself up for success by planning ahead for these considerations?
Nigel Kreft of Storage Structures gives us some amazing insight into the construction process in this Gabfocus Spotlight.
Question: "What are some major construction considerations?"
Check out the video clip below to hear their answers:
In this Gabfocus Session: Constructing Your Facility, we were joined by Nigel Kreft and Storage Structures and Jeremy Rollwitz of The Jenkins Organization. Our expert panelists discussed all things construction, from when to build to what materials to use.
Check out the full Session to dive deeper!
If your project has been approved and you move forward, obviously cost and time. I think they're the two biggest drivers in construction.
You need to be able to have a good open dialogue with your general contractor or your builder. Your major stakeholders inside your construction team, your general contractor, your architect, your engineer and your middle building guide, your door, your concrete sub, your civil subs. You need to be able to have good dialogue with them and understand the process that they are going through as you go through design so you can help start managing costs.
Good general contractor and a good architect will give you some budgetary numbers. Good stakeholders involved will give you numbers to go in with, and then they'll help you manage that based on the fluctuations in the supply chain or steel index in our case, or the cost of concrete.
You have to hire the right people who are the subject matter experts to help you manage the cost and a good general contractor will manage the cost and make you aware of those moving in, and then they'll help you manage the time.
The ultimate goal is your rent-up day.
So the sooner you can get to open and renting, the sooner you'll start making money on your investment. So you need to have guys that are integrated into the storage business that understand how storage works, how it's its own unique animal, and how to get the most concise and productive time out of that building schedule to get you open.
Because you cannot make any money as long as the construction guys are in sight."