We consider those projects that help us improve our portfolio and, at the same time, we’re confident we can do a profit with them.
It’s important to emphasise that these projects are not very profitable for us, we’re better off doing something else (like bathrooms or kitchens). Most building warrant projects are stressful, involve a lot of paperwork and are considerably less profitable than other projects, despite being very costly to you.
So why are we still doing this kind of projects? Because they help us pave the way for commercial projects, something that we plan to start undertaking in the coming years. Those are the truly profitable projects in the construction industry and these building warrant projects (like extensions and conversions) are small scale versions of what happens on commercial sites.
