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 If the property has a clubhouse, it could be out of date and shabby.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.