Cost Cutting

Ever wondered how some Property Developers bring projects in on budget and increase equity in a development in order to increase their funds for scaling their business.  We attempt to show you with some of the measures that we use, including:-

• Benchmarking – We share our costings that we use when assessing a project.  Our plasterers will normally plaster a room in a day and a half costing us around £420 per standard room.  When comparing to a decorator, sanding, filling and then painting we are normally up around the £765 per room mark before even painting.
• KPI Data
• Cost cutting measures – we look at various cost saving measures and drill down into the figures that we have found.  For example one of our decorators (day rate £150 per day) can normally SPRAY Paint a whole 3 bedroom house in a day compared to 2 decorators painting the same house in 3 weeks. (£300 x 15 days = £4,500).  We normally save around £4,350 per property.
• Our cost saving measures have often saved us 100% of the refurbishment cost.
• Days Rates versus Job Rates
• Plastering versus Sanding and Filling
• Kitchen cupboards versus whole kitchen replacement
• Adding Value to your developments
• Budgeting
• Tax Planning
• Lots of other methods

Subscribe to the degree level modules and see how we reduce many of our development costs by at least 50%.  Subscribe here