By John A. Salat A.I.A.
Investing in properties to flip or to hold for the long-haul typically involves construction repairs, modifications or a total makeover. No matter the scope, the goal of any alteration is to enhance the property and the value of the maximum yield investment.
An architect can be use in many purchase decision phases from aid of choosing the lot for best profit or maybe those who love the lot/location but not the current layout of design. The architect can protect the buyer knowing the cost upfront to modifications and to their custom preferences and taste by making site comparisons in the feasibility to existing dwelling(s) that allows for sound decision to ones investment.
Engaging an architect to evaluate the property before it is acquired during/before escrow will eases all tensions and guesswork. An architect can provide a broad insight to bridge where home inspection normally leave off. Home inspectors only provide a narrow scope of work and are not regulated by government. A licensed architect, on the other hand, goes beyond common inspection protocols, covering details of desired changes and the feasibility to making adjustments. An architect is in the best position to know that before you closed the deal.
Also before you purchase a property, be sure to factor the cost of any proposed work into the asking price. A professional architect can package the improvements into a complete and seamless whole, resolving maintenance problems, bringing construction deficiencies to code, and altering building aesthetics to increase the value of the property. The results to these survey inspection builds confidence with buyers in widening options for whats listed in the market place.
An architect can help bridge buyers and
sellers who need confidence before exchanging their investments. Some clients may like the site but not the house so what
do you do? Or they like the floor plan but not the theme where an architect can
help step through the retrofit options for feasibility options into one
single design solution. Weather its adding rooms to tie in
professionally for expansion, remodel, modernize and even change the
character change an architect can make it all code complaint and aesthetically pleasing.
you're buying to flip, one option is to rent the
property from the existing owner as a short-term lease,
to prevent it
being sold while the major design work is being done. Do
and permit-ready drawings will be completed in a matter
of weeks, as
permitting process alone may take months before actual
begin as an architect can help
establish timetables. Each jurisdiction has
zoning ordinances, and determining these cases can be
Local ordinances and codes have been known to change monthly. Also, agencies
are reluctant to respond to ad hoc questions from a
However, an architect can set up a pre-evaluation
meeting with the
planning department for a quick, over-the-counter
concept review with
graphics and a checklist. This informal preliminary
of unhappy surprises before you have finalized escrow or
drawings. Have the buying agent place an Architect's
Review Pending contingency
in escrow documents before closing to further protect
you from being
a property not suited to your purposes.
Building code revisions can complicate the process. Regardless of the scope of the total project, any building elements that are altered, modified or expanded require permits--no exceptions. Avoiding the permit process not only exposes you to liability risk, it may delay or even stop escrow when you sell. On the buyers end, an architect's forensic efforts will track the entire permit history of construction activity and compare the current property to original city records. With further investigation, an architect can obtain maintenance receipts from past construction trade activities, including warranties to determine the remaining life span of improvements, perhaps revealing deficiencies of construction not visible to the naked eye and ordering selective demolition to bring the structure up to code.
forensic audit is an inexpensive way to ascertain the
actual condition of the property. Hire an architect for
or can go more extensively to further assess design
opportunities, and structures integrity.
continue using an architect with broad scope services to
determining which is most feasible for your purposes,
selection process if comparing other possible site
accusations that can focus towards making your final decisions, including providing a forecast of
the longevity of
material and equipment for retrofits. Whether modernization
retrofits, green technology
simply to provide inspections to the building
integrity, the goal is protecting your
the total project cost, a small price to reduce risk to
all investors. More info on this topic
Contact: John Salat at firstname.lastname@example.org or call (949) 235-4847
Back To Top