Category: Commercial Construction - Dandek Design: Interior and Construction Excellence

Understanding Why Commercial Mortgage Rates Surpass Residential Rates

Commercial mortgage rates often exceed residential ones due to factors such as risk assessment, loan terms, and property types involved. Commercial loans often come with higher risk and shorter terms, while offering lenders fewer safety nets compared to residential mortgages. Additionally, the diverse usage of commercial properties adds complexity to rate determination. Understanding these differences helps in grasping why commercial loans carry higher charges.

Oct, 12 2024 / Commercial Construction

Key Differences Between Residential and Commercial Construction Projects

When embarking on a building project, it is crucial to understand the significant differences between residential and commercial construction. The two types require unique approaches in planning, materials, regulations, and execution. Residential construction focuses on creating livable spaces like homes and apartments, while commercial construction deals with offices, schools, and malls demanding different scales and complexities. This article explores how factors like cost, design, permits, and timelines vary between these two prominent construction categories.