They Chose the Cheaper Builder. It Cost £300,000

About this episode

In this episode of the OMZ Property Podcast, I’m joined by property developers and construction experts Mark and Steve Giorgio to talk about the realities of building, developing and investing in property. With nearly two decades of experience in construction and property development, Mark and Steve share the lessons they’ve learned from working on everything from small refurbishments and extensions to major conversions, HMOs and multi-million-pound projects. We discuss one of the biggest risks facing property investors: choosing the wrong builder. From checking references and insurance to understanding cash flow, development finance and building control, we explain what investors should look for before handing over hundreds of thousands of pounds. Mark and Steve also reveal how they originally left their jobs to become property developers — just before the 2008 property crash hit. With properties they couldn’t sell and credit card bills mounting, they were forced to completely rethink their business and build the construction company they operate today. We also get into: • Why choosing the cheapest builder can become a very expensive mistake •