One of the most profitable areas on the Romanian market, worth investing in when you have available capital, is real estate. Profitability generally results from long-term partnerships (such as rentals) or short-term partnerships (such as direct sales).

This area is preferred by many people, as the risks involved are much lower compared to other business niches. Regardless of political, economic or health conditions, people are constantly looking to buy homes, be it residential houses or apartments in blocks of flats.

To get the best results, choose to work with a building contractor who can provide you with both the advice you need and the services that are essential to achieving your goals.

What is a contractor and how does it help you?

Your building contractor is your trusted partner who helps you establish a clear financial plan and gives you advice on how to invest wisely and save resources. From a legal point of view, the contractor can operate as a construction company, provided it has an eligible CAEN code allowing it to operate in the construction industry.

Building contractor - how does it help you in practice?

Once you've decided to get into the construction business, it's a good idea to work with a contractor who's with you every step of the way. Whether it's choosing the land on which to build (blocks, houses, hotels, metal or concrete halls), managing the budget or coordinating the workforce, the contractor offers support and practical solutions.

Among the most important services you can get from a building contractor are:

  • Initiating and compiling a schedule for each project;
  • Monitoring the execution plan (costs, time, activities);
  • Objective performance and productivity analysis, using the Earned Value Management (EVM) method;
  • Identify and correct the causes of non-productivity;
  • Integrate cashflow into the project to reduce financial risks;
  • Clear and complete information on the progress of the project.

Building contractor vs. general contractor

At first, the terms 'building contractor' and 'general contractor' may seem similar, but the differences are clear:

  • Contractor gives you advice, strategy, management and planning;
  • General contractor is responsible for the effective coordination of the works on site and for the complete execution of the construction.

In practice, a contractor can turn into a general contractor, especially for large-scale projects - such as the development of a residential neighborhood. So a construction company can offer both consultancy and execution services, depending on your needs and the complexity of the project.

When do you need a building contractor?

The answer is simple: when you need expert advice on your real estate project.

The contractor is essential in:

  • Large construction projects (halls, hotels, apartment blocks);
  • Risk management and development monitoring;
  • Planning and monitoring of long-term works.

For small jobs (renovations, improvements), you can work with a simple construction company. But for larger projects, it is advisable to work with a building contractor and possibly a general contractor.

Real estate remains a safe and profitable investment, and your success depends largely on the partners you choose. A building contractor and general contractor can help you manage your resources properly, plan realistically and deliver quality results on time.

Research carefully, choose experienced collaborators and build a solid and efficient real estate project.