Property Project Management - What Does it Involve?
What is property project management? This is a professional way to go through the building process in order to complete a real estate project on-time and within budget. You might need project management services if you are undertaking real estate restoration, conversion, demolition, building an additional floor, or building a property in an empty plot. Some real estate projects might be small-scale, such as adding a garage, or they could be large-scale, such as constructing an entirely new property development. As property experts, Arcus has experience working on many kinds of projects, developing a strong foundation in project management.
Clients working with Arcus are assigned a real estate development project manager who is the point of reference that makes sure the project moves along smoothly. They will oversee all aspects of the project from start to finish and keep everyone informed along the way.
It is very important for real estate project management providers to build and maintain relationships with third parties, such as contractors, electricians, plumbers, plasterers, tilers – these trusted service providers will be doing the hands-on work, as agreed upon and supervised by the project manager.
Time management skills are highly valuable when working in property project management. Clients expect property development project managers to get the job done on time. One factor which distinguishes high quality property project management services from the rest is how they deal with setbacks. While inconvenient, setbacks that delay a project are an unfortunate possibility. A professional property project manager will be able to deal with setbacks and delays by having a back-up plan in place. This way the project will be put back on track with minimal disruption.
Commercial Real Estate Project Management
A commercial real estate project requires specific industry knowledge - commercial projects should be treated differently to residential ones, because their essential function is different. That is why a commercial real estate client can really benefit from the services of a specialised project manager with experience in the field. Arcus’ experience working on commercial real estate projects allows us to offer this expertise in terms of specialised design, location studies, feasibility studies, and projections of future growth.
Property Project Management Services
Some of the services we offer to clients looking for property project management include:
- Land sourcing
- Retrieving quotes from third parties
- Sourcing developers
- Contracting third parties
- Liaising with contractors and other professionals
- Engaging electrical and plumbing services
- Architects specialising in large-scale and small-scale property projects
- Permits and compliance with local laws
- Post-completion real estate sales and letting
Property Project Management in Europe
As a professional real estate company, Arcus has a wide European property network with real estate options in multiple countries. As part of our drive to continue offering a range of real estate solutions to clients across Europe, we also offer property project management services to clients in Europe: planning, design, construction, and marketing. Our aim is to create value in a way that lasts in the long term. Our vision has so far allowed us to expand to offer a greater range of real estate services, and also to cover more locations around Europe.
Your Property Project Managers
Data shows that most unmanaged building projects go over budget – costing the client more than they expect. Choosing Arcus as your property project managers means that you are selecting a professional company capable of accomplishing the agreed-upon task. Our years of experience in this field have allowed us to develop the right skills to get your project done on time and within budget. Get in touch with us to discuss your real estate project.
Malta Project Management
When it comes to getting work done on your property, coordinating all the details and getting it done on time can become quite a nightmare. Whether it is a large project, like the restoration of a palazzo, or a small project, just the conversion of a room – there are so many elements that depend on each other.
When you use the services of a project management team, you benefit from the experience of professionals who have streamlined the process at every stage. The success of a project mostly depends on the approach to the overall quality of the result.
There must be a balance in the three fundamental elements of a project: budget, scope, and schedule. A large part of project management involves liaising with architects, contractors, interior designers, and furniture suppliers. By working with a project management team, you can rest assured that the work will be done on time and within budget.
Demolition & Construction
If you will be developing a plot or airspace, or redeveloping an existing building, structural changes will be required. Many people may be apprehensive about this stage because they have no experience in construction, but we are here to assist from the very beginning. We handle the bureaucratic process with the authorities, as well as providing the manpower and machine resources to get the job done safely and on-time.
Planning and Design
These days, preparing a plan of what the property could look like is not complicated, and the advantages of technology allow us to quickly and easily see the effects of changes. It is quite essential to get things right at the planning stage in order to avoid costly extra work to correct a planning issue. Our professional architects prepare visuals to help you understand the outcome and make the best decisions, so that you get it right the first time.
Finishing works usually involve electricity and plumbing fittings, floor tiling, plastering, and even doors. Your vision for finishing must be there from the start, because things like electrical connections have to be provided for in advance. These are really important as the quality of the finished work will impact the experience of using the space. Finishing can also include interior designer services if you want to get the project totally finalised with our help.
Here's a quick summary of what our project management team can do for you:
- Architect’s plans & visuals
- Liaising with authorities for permits
- Structural works
- Major repairs
- Finishing works
- Interior designer
- Cleaning services
Project Management is all about assisting clients with their real estate project. Big or small, our team can take care of it from beginning to end.