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Introduction
Preparation and Planning
Financial Management
Construction Process
Regulatory and Compliance
Post-Construction Management
Land and Site Considerations
Team and Project Management
Utility and Infrastructure Planning
Resource and Materials

01.
 
How to Use the Step Guides
02.
 
Understanding Your Reasons for Building
03.
 
Key Things To Factor When Building
04.
 
Site Analysis and Pre-Design Assessment in New Home Construction
05.
 
Deciding on Building System Type
06.
 
Researching the Building Process
07.
 
Using the Simpli Portal for Building Consent and Compliance
08.
 
Setting a Preliminary Budget
09.
 
Choosing the Best Hardware Store for Your New Build
10.
 
Land Ownership Types in New Zealand
11.
 
Conveyancing and Purchasing the Land
12.
 
Maximising Cash Flow in Construction

13.
 
Cost Components of a New Build
14.
 
Land Terrain Types and Their Influence on Building
15.
 
Environmental Impact Assessment in New Home Construction
16.
 
Matching Property Types to Your Land Choice
17.
 
Deciding on the Type of House to Suit Your Land and Project
18.
 
Architectural Considerations and Planning Permissions
19.
 
Choosing the Right Builder
20.
 
Assembling the Right Team
21.
 
New Build Project Management Tools
22.
 
Building Contract Guide for Clients
23.
 
Due Diligence and Contracts in Building Projects
24.
 
Change Order Management in Construction Projects
25.
 
Financing Strategies for New Build Homes
26.
 
Progressing Planning and Designing
27.
 
Design Principles for Your New Home Build
28.
 
On-grid vs. Off-grid Living
29.
 
Foundation Types for New Zealand New Builds
30.
 
External Cladding Options for New Zealand Homes
31.
 
Interior Cladding Options for New Zealand Homes
32.
 
Flooring Options for New Zealand Homes
33.
 
Utility Connection Planning
34.
 
Finalising Your New Build Construction Plans
35.
 
Key Consents for New Build Projects
36.
 
Finalising Detailed Architectural Plans and Building Specifications
37.
 
Recheck and Reforecast Your Build Costs
38.
 
Regular Financial Audits
39.
 
Keeping a Debits and Credits Log for Construction Expenses
40.
 
Construction Phase Contingency Planning
41.
 
Effective Risk Management Strategies in Construction Projects
42.
 
Breaking Ground on The New Build
43.
 
Essential Construction Material Order Timings for New Builds
44.
 
Site Visits for Building Inspections and Material Delivery
45.
 
Understanding Milestone Payments in Construction Projects
46.
 
Laying Foundations and Frameworks
47.
 
Security and Site Management During Construction
48.
 
Installing Roof Stage
49.
 
Quality Control Checks During Construction
50.
 
Installing Windows and Doors Stage
51.
 
Preparation and Treatment of Exterior Cladding Materials
52.
 
Installing Exterior Cladding
53.
 
Completing Electrical Pre-Wire
54.
 
Completing Plumbing Pre-installation
55.
 
Completing Insulation Installation
56.
 
Preparation and Treatment of Interior Cladding Materials
57.
 
Installing Interior Cladding
58.
 
Post Installation Interior Wall Preparation and Treatment
59.
 
Post Interior Cladding Installation Cleaning
60.
 
Installation of Flooring in New Home Construction
61.
 
Installation of Kitchen in New Home Construction
62.
 
Installation of Bathroom and Toilet in New Home Construction
63.
 
Installing Fixtures and Fittings in New Home Construction
64.
 
Final Electrical Fit Out in New Home Construction
65.
 
Final Plumbing and Gas Fit Out in New Home Construction
66.
 
Installation of a Deck in New Home Construction
67.
 
Final Cleaning and Detailing
68.
 
Installation of Window Treatments in New Home Construction
69.
 
Final Inspection and Certifications for New Home Construction
70.
 
Furnishing and Equipping Your New Home
71.
 
Practical Completion and Handover to Homeowner in New Home Construction
72.
 
Post-Construction Reviews
73.
 
Financial Planning for Long-Term Property Maintenance
74.
 
Post-Construction Warranty and Maintenance Information
75.
 
Community and Neighbourhood Integration
76.
 
Planning for Sustainability in Your New Home
77.
 
Home Enhancement and Upgrades
78.
 
Resale Preparation and Valuation
79.
 
A Real Example of a New Build Using The realtor.co.nz Build Guide

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Build / Step 12 of 79

Maximising Cash Flow in Construction

Maximising Cash Flow in Construction

When it comes to building or renovating a home, smart financial strategies can make a big difference in your budget. One strategy that can help is using an interest-free credit card to cover your expenses. This can give you some breathing room by delaying the need to spend cash and avoiding interest charges that would come with other financing options like a mortgage or line of credit.

How It Works:

Benefits:

  1. Better Cash Flow: This approach improves cash flow by giving you more time before you have to use your own money or take out a loan. It allows you to keep your savings or credit lines untouched and interest-free for a longer period.
  1. Save on Interest: By avoiding interest charges during the interest-free period of the credit card, you can save a significant amount of money, especially compared to higher interest rates on loans or withdrawing from a mortgage.
  1. Earn Rewards: Many credit cards offer rewards or cash-back on purchases, giving you an extra benefit in addition to saving on interest.

Things to Keep in Mind:

  1. Have a Repayment Plan: It's important to have a clear plan for paying off the balance on your credit card before the interest-free period ends. Otherwise, you could end up with high interest rates on any remaining balance.
  1. Be Disciplined with Your Spending: This strategy requires discipline to make sure you only use the credit card for planned purchases and don't spend more than you can comfortably repay within the interest-free timeframe.
  1. Consider Your Credit Score: Using a large portion of your credit limit can impact your credit score. It's important to keep an eye on this, especially if you plan on applying for other loans or financing options.

How to Make It Work:

Utilising an interest-free credit card as part of your financial strategy for construction projects can offer breathing space for your budget and contribute to overall savings. With careful planning, discipline, and a solid repayment plan, you can leverage this approach to enhance your project's financial efficiency without incurring unnecessary interest costs. Remember, the key to success lies in meticulous management and not letting this strategy lead to unwarranted overspending.In the realm of constructing or renovating a home, savvy financial strategies can significantly ease the pressure on your budget. One such strategy is utilising an interest-free credit card to pay for goods and services. This approach can offer a financial breather by deferring the actual cash outlay and avoiding the interest charges that would accrue if these expenses were directly funded through a mortgage or a revolving credit facility.

The realtor.co.nz Build guide is partnered with HEALTH BASED BUILDING™ who specialises in manufacture and supply of building materials, building systems and specifications for construction of energy efficient, healthy, and sustainable built environments. Visit the HEALTH BASED BUILDING website at https://www.healthbasedbuilding.com


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