Monthly Archives: March 2014

Rehabilitating a Neglected Building

Rehabilitation projects can go on for an extended period of time. To simplify the process, you should work with a commercial construction company that can address multiple issues. Find a partner that has experience with roofing, HVAC, siding, welding, stair building, painting and carpentry. This will make life easier for you because you won’t have to juggle multiple contractors.

neglected-propertyIf the building has been neglected over a long period of time, you should have your commercial construction company evaluate the structure for any storm damage. If repairs aren’t made after damage, they can lead to serious problems. The roofing may be seriously compromised. Bad roofing may not immediately lead to leaks but may suddenly result in drastic problems. Damaged siding will make the building look neglected and can seriously affect energy efficiency. All units should be evaluated for issues like broken plumbing, compromised heating and cooling systems, damaged flooring and leaks. A commercial construction company can also evaluate the units for problems that may be less obvious such as water damage, mold, fire damage and shoddy repairs.

The surrounding parts of the property may need upgrades. Fencing is often neglected by irresponsible property owners. If the property has a clubhouse, it could be out of date and shabby. Clubhouse upgrades can make a significant difference in terms of attracting desirable tenants. Commercial construction companies can help prioritize these repairs and assist you in developing a long-term plan for renovation.

In some cases, your renovations may be eligible for state funding programs or reduced interest loans. Some rehabilitation projects can lead to tax deductions and significant cost savings down the road, especially energy-efficiency upgrades. Commercial construction projects, if performed correctly, can actually save you money in the long run. Commercial construction upgrades will also help you attract desirable and stable tenants. These types of tenants usually won’t consider a neglected property no matter how low the rent is.

When you are rehabilitating a neglected property, consider hiring an exterminator to make a full evaluation of the property. If the property isn’t properly attended to, rodent problems often develop. Cockroach and water bug infestations are also common. You should ask the exterminator to check thoroughly for bedbugs which are a common concern for tenants. The exterminator can correct problems that will seriously upset tenants.

Prioritizing Repairs after a Major Storm

Major storms can have a devastating effect on properties. Multi-family property owners have special concerns. They need to get their properties back in shape quickly to protect tenants and attract new residents. Commercial construction projects can be overwhelming, especially after major storm damage. Working with an experienced commercial construction company can help make the process as smooth and painless as possible.

Property owners usually have to prioritize commercial construction projects since there is so much time and expense involved. The insurance reimbursement process is time-consuming, especially when a storm has damaged extensive parts of the region. Commercial construction projects often need to be completed quickly so that the business isn’t damaged.  Property owners need to quickly assess damage and plan storm damage repairs to protect their property investments.

storm-recoveryYou should consult with a commercial construction contractor immediately to assess the damage to your property. The contractor may be able to provide your insurance company with much of the information necessary to file a claim. Most important, the contractor will help you determine which repairs are imperative and which can be postponed. Serious damages to the roofing, windows, plumbing or sidewalks will need to be addressed immediately. A commercial construction company with multiple areas of expertise will be a strong support for you during the rehabilitation project. The contractor will have expertise will all aspects of the issues you will need to deal with. You won’t have to coordinate with multiple businesses to repair your property.

Your commercial construction company should provide you with a project manager to guide you through the process. You should receive detailed information about what each rehabilitation project will entail. The information should include timelines, estimates and itemized costs for each item. You can ask your commercial construction project manager to meet with your insurance company to expedite the rehabilitation process. The parties can meet and come to agreement about the extent of the damages. This will help ensure that the reimbursement you receive from the insurance company will cover the costs of the repairs you need to make. The collaborative process will help you get the best results for the most reasonable costs.