People who are new to the real estate world may think that construction management is all the same. After all, it’s the process of managing a renovation or construction project from start to finish. How different can it be from process to process?
The answer: Very.
Like with all aspects of the real estate development process, the construction management process is tailored to each client and their expectations for their property. To ensure clients and tenants get the kind of renovated spaces they want, a few different types of construction management have emerged among the top professionals.
CTG Real Estate Services is one of those professionals. Our team completes several types of construction project management to meet our clients’ goals and tailor our services to their needs and wants. For more information about our construction project management, please schedule a consult with us today.
In the meantime, you can learn a little more about the types of construction management available to you as you research your upcoming renovation or construction project.
What is Building Construction Management?
There’s one big thing you need to know about the different types of construction management: They often all fall under the umbrella term “building construction management.”
As the name implies, building construction project management is the management of any renovation or construction project that takes place in or on a real estate property. These renovations can be massive (such as when a new tenant moves in) or small (to update outdated spaces little by little). They can be an involved or simple process, depending on the wants and needs of the client.
While many professionals will advertise their experience in building project management, we encourage all tenants and building owners to look for management professionals who specialize in one of the different types of construction management. Professionals who are used to a “one-size-fits-all” construction management style may not be able to provide the tailored services you deserve for your construction project.
Instead, choose a professional who will discuss with you the different types of construction project management they complete — and how that specialization will benefit you as a property owner or manager.
The 2 Main Types of Construction Management in Real Estate
When it comes to real estate and construction management, you’ll probably hear about a few different types in your research: on-site construction management, industrial construction management and more. But, what you will most be interested in is likely one of two types of construction project management: residential and commercial.
These are by far the most common types of construction management for real estate professionals and their clients. In fact, these are the construction management services that CTG Real Estate Services specializes in. No matter which types of management you require, you can know that your process will be handled start to finish by our expert with more than 20 years of experience.
But, what if you’re not quite sure which type of construction management is best for you? Here’s a brief description of each process to get you started:
1. Residential Building Project Management
If you are an investor in or a tenant of a residential property — including apartment complexes, multifamily housing and single-family homes — residential building project management is the service you will need for any renovation or construction projects.
Perhaps you have purchased an outdated multifamily property and are looking to renovate it to attract more tenants. Or, perhaps you have an existing residential property that you wish to upgrade in order to raise rent and generate more profits. Whatever the scope of your project, a residential construction project manager can guide you through this process.
2. Commercial Construction Management
On the other hand, maybe you have a real estate property that you use or plan to use as a commercial space — renting out or selling spaces to retail organizations, corporate companies, and more. If you are looking for a renovation team for these kinds of spaces, you will need to work with commercial real estate construction management.
Corporate and retail organizations need certain designs to increase their productivity and reach their goals. Often, this requires construction and renovation when they initially move into your space, but it can also require renovations and changes months or years after the fact, too. Construction office management can help you and your tenants create a space that works for both of you and can help you increase the overall value of your commercial real estate space.
Keep in mind: Some companies who provide commercial management in construction can also manage the other aspects of commercial moves: office relocation, commercial space design, and more.
Let Chris Gardner Be Your Commercial or Residential Construction Project Manager
Not sure whether residential vs. commercial construction management is right for your space? CTG Real Estate Services can discuss your needs and goals with you in length to determine the best path forward for your property.
When it comes to your real estate properties, you want to make sure that your construction and renovation processes are in good hands. Our owner and CEO Chris Gardner has more than 20 years of experience in the real estate industry, including managing many types of construction projects. He’s been in your shoes, and he’s ready to assist you through your building construction project, whatever it may be.
When you work with CTG Real Estate Services, you will receive all the benefits of professional building construction management — including project planning, explanation of different construction management contract types, and more. But, you’ll also be able to take advantage of our unique turnkey solutions. Chris and his team will also be there for you after your construction is complete, should you desire, to offer all the services you need to keep your space running smoothly and efficiently.
Curious about the building construction management services our company offers? Schedule a consult with our team today to get started.