Finding the right contractor is one of the most critical steps in any property investment — whether it's a renovation or a new build. However, this process is not always straightforward: it is often marked by obstacles that cause delays, uncertainty and even additional costs.
For property investors, these obstacles are not just a source of frustration or personal stress: they can directly compromise the profitability of the project.
Many contractors take weeks — or even months — to deliver a quote. This delay undermines investor confidence, as investors need predictability to make quick decisions, especially in projects with defined deadlines or those dependent on bank financing.
It is not uncommon for representatives of construction companies to show little openness to listening to investors' needs. The dialogue becomes distant, uncooperative and focused solely on price, with no room for tailored or customised solutions.
It is common to receive proposals that are well above the market average, without clear justification. This forces investors to spend time and energy on lengthy negotiations in an attempt to obtain more reasonable values — resources that could be used for strategic project tasks.
Many budgets are vague, lacking details about materials, deadlines, or stages of execution. This lack of clarity prevents investors from assessing the true value for money and increases the risk of unpleasant surprises during construction.
Some contractors fail right from the outset in their initial commitments, revealing disorganisation in their response or execution. For investors, this is a warning sign, as experience shows that delays at the beginning tend to be repeated throughout the project.
Many contractors work only with ‘standard’ solutions and are reluctant to adapt projects to specific customer needs. For investors, this is frustrating, since the value of the asset depends precisely on its ability to stand out from the crowd.