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Five expensive property mistakes busy professionals make before construction starts

A property can look right, a design can look impressive, and a construction estimate can appear affordable. Yet important questions may still be unanswered.
For busy medical professionals, the challenge is finding time to investigate those questions before a purchase, lease or design decision becomes an expensive commitment.
Whether you are considering a family home, medical premises or a development, these five mistakes deserve attention.

1. Committing to a property before checking whether it suits your plans

A good location does not automatically make a property suitable for what you want to build or operate.
Planning controls, title restrictions, access, drainage, existing structures and site conditions can affect what is achievable and what it will cost.
For medical premises, the investigation may also need to consider the proposed use, patient access, parking, services and the practical requirements of the fit-out.
The risk is committing first and discovering later that your intended project requires substantial changes or cannot proceed as expected.

Before you commit, ask: “What could prevent this property from working for my intended purpose?”
Have the relevant planning, legal and technical questions reviewed while you still have options.

 

2. Developing the design before testing the budget

It is easy to become attached to a design before understanding its construction implications.
Large spans, extensive glazing, basements, complex roof forms and difficult site access can all influence cost. In medical premises, equipment and service requirements can also shape the design and budget.
If cost testing happens only after detailed documentation, the next step may be redesign, further consultant fees and lost time.

Before progressing the design, ask: “Has this concept been tested against our budget and the realities of the site?”
Bring construction cost and buildability input into the design process early, then revisit the estimate as the design develops. Treat an early estimate according to its assumptions and level of detail.

 

3. Treating the building price as the total project budget

The construction proposal is one part of the financial picture.
Depending on the project, the overall budget may also need to cover design and consultant fees, investigations, approvals, service upgrades, external works, finance and holding costs, relocation and contingency.
For a clinic, equipment, IT, furniture and the cost of operating elsewhere during the works may also need separate allowances.
A project can appear affordable when viewed only through its building price, yet place pressure on cash flow once the other costs are included.

Before proceeding, ask: “Do we have a complete project budget, and is each cost included somewhere?”
Identify who is responsible for each allowance, check whether GST is included, and discuss funding and cash requirements with your finance adviser.

 

4. Comparing prices without comparing what they include

Two proposals for the same property may cover different work.
One may include detailed finishes; site works and service connections. Another may exclude them or carry allowances for items that are still unresolved.
A lower initial price can therefore reflect a different scope or more uncertainty.

Before choosing a proposal, ask: “Are we comparing the same drawings, specifications, inclusions, exclusions and allowances?”
Clarify what is fixed, what remains an estimate, what could change the price and what further information is needed. Ask questions about any allowance that appears too low for your intended outcome.
A useful comparison makes the differences visible before you commit.

 

5. Assuming someone else is coordinating the project

An architect, engineer, planner, builder and finance adviser each bring a different perspective. Their involvement alone does not establish who is coordinating the whole process.
Unclear responsibilities can leave important decisions unresolved. Equipment requirements may arrive after services have been designed. Construction pricing may rely on an earlier drawing revision. A target opening date may overlook approvals or procurement lead times.
For a busy professional, these gaps can become a second job.

Before moving forward, ask: “Who is coordinating the next stage, what decisions do I need to make, and by when?”
Agree on responsibilities, the current documents, key dependencies and the next decision point. Where detailed investigation or preconstruction work is needed, agree on its scope, deliverables and fees before it begins.

 

Five questions to take into your next property discussion

1. Is this property suitable for what I want to achieve?
2. Has the design been tested against my budget?
3. Have I allowed for the total project cost?
4. Do I understand what the proposed price includes?
5. Is someone clearly responsible for coordinating the next stage?

You do not need every detail resolved at the beginning. You do need to understand the major uncertainties before making commitments that are difficult to reverse.

 

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