When it comes to completing a construction project, the type of management service you hire makes all the difference. Not only do you want your project completed on time, but you also want to make sure no shortcuts are taken.
The structure should be stable; the best materials should be used to build the property, and the most efficient resources should be utilized.
But if you’re not from the industry, chances are you may not be aware of who to hire to make sure the project goes smoothly.
Should you go with a property manager or construction manager? Here are the differences between the two to help you decide:
Responsibilities of a Property Manager
As the title and position suggest, a property manager is responsible for overlooking residential and commercial properties. They are responsible for managing properties.
They are not similar to real estate agents. They’re responsible for seeking out tenants to occupy the space, collecting monthly rent from tenants, and maintaining the property.
Property managers are not involved in the construction of properties. They will only help you find the type of property you’re looking for or help you lease or sell your current property.
Furthermore, payment rates also vary. A property manager will be working toward earning a commission. You’re not bound to them by a contract. Once they help you find a property, you will have to pay them a percentage from the property’s sale.
Responsibilities of a Construction Manager
As the title and position suggest, a construction manager is responsible for overseeing everything that’s related to the construction of the property.
From the planning to the production to the final touches, they will overlook everything. They’re also consultants so they can analyze a property and help you identify whether construction will be risky.
They work together with architects and the construction company to ensure the project goes smoothly.
In conclusion, both professionals are different from each other. However, they both play a crucial role in making sure you get the best of what you’re investing in. You can’t just skip out on one in favor of the other.
With years of experience in the construction industry, we’re a team of women-led construction consultants.