Builder Vetting Tips Property Developers Must Use to Prevent Major Project Delays & Financial Losses

Ready to unlock your Property Investment game in 2025? Grab your FREE copy of our Buy-to-Let market guide today! https://bit.ly/buy-to-let-hotspots-guide-2025 ——————————In this episode, Nick and Caroline Claydon, Director at Archibald Marckay Group Ltd. get into a candid conversation about the realities of working with builders in property development. With years of experience and plenty of lessons learned, they share the honest truth, from rogue traders to costly mistakes, and how to safeguard yourself when starting out.Key Takeaways:Don’t rush the builder selection, take your time to do background checks, ask for referrals and trust your gut.Always inspect previous work; a friend’s "great builder" might not meet your standards.Avoid paying large sums upfront, If possible.Good builders exist: Protect them and the relationship.Timestamps:[04:09] - Admitting mistakes and learning from them[07:18] - Where to find builder recommendations[15:30] - Working with a newly qualified plumber.[24:43] - Common red flags: upfront payments and project ghosting[37:25] - Choosing speed over quality leads to regret[45:07] - Long-term perspective.This Episode is Kindly Sponsored by:Visit thispropertylife.co.uk for more resources, networking events, and industry insights.Follow Caroline Claydon Socials:Instagram: https://www.instagram.com/carolineclaydon.property/  LinkedIn: https://www.linkedin.com/in/caroline-claydon-property   Facebook: https://www.facebook.com/carolineclaydon25/ Website: https://www.carolineclaydon.com/ Twitter: https://x.com/carolineclaydon Follow This Property Life Podcast on Socials:Instagram: https://www.instagram.com/thispropertylife/# Facebook: https://www.facebook.com/profile.php?id=61564457166712&locale=en_GB LinkedIn: https://www.linkedin.com/company/this-property-life-podcast/about/ Tiktok: https://www.tiktok.com/@thispropertylife?lang=en Youtube: https://www.youtube.com/channel/UCtmPj98bC6swNuYRCaUGPUg Twitter: https://x.com/propertylifepod  Hosted on Acast. See acast.com/privacy for more information.

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Welcome to This Property Life podcast.In this one-of-a-kind podcast we tell the stories of ordinary people doing extraordinary things in the world of property investment. No gurus. No big egos. Just life-changing success achieved by real people just like you. Our weekly interviews give you a rare and unique insight into the lives of successful property investors who share their wins, their challenges and their top tips to help you in your own property investment journey. Look out for our special edition Panel Shows in which a group of experienced investors get together to take a deep-dive into a specific property topic with invaluable, real-life advice from a guest panellist with a proven track record in that area. This Property Life is brought to you by Property Wealth System. We are a collective of active investors and we are passionate about helping you to achieve financial security for yourself and your family through safe and sensible investments in property.  Hosted on Acast. See acast.com/privacy for more information.