by sbcwebmaster | Aug 6, 2020 | Uncategorized
Capital improvements for multi-family projects preserve and enhance property value. They can reduce attrition, help increase rents and even lower expenses for maintenance, repairs and replacement. The also help properties remain competitive, or in some cases, help...
by sbcwebmaster | Jul 30, 2020 | Uncategorized
There are many costs to consider and incorporate in a real estate project’s budget. In general, there are two main categories of costs to include: hard costs and soft costs. Hard Costs What Are Hard Costs? Hard costs are those kinds of costs which are directly related...
by sbcwebmaster | Jul 21, 2020 | Uncategorized
A real estate “pro forma” is a look into the future for a particular piece of property. Investors use “pro formas” as a tool to make assessments about a project’s anticipated use, its anticipated costs, its anticipated revenues and its anticipated cash flows and...
by sbcwebmaster | Jul 2, 2020 | Uncategorized
Basics of Pre-Construction Owner’s representatives are involved in all phases of a project’s development, or they can be brought in at specific times to do specific tasks within the development of a project such as constructability reviews or forensic accounting. Here...
by sbcwebmaster | Jun 12, 2020 | Uncategorized
An owner’s representative’s scope of services may cover all phases of the project’s development or be limited to select parts of the process. This is usually determined by the capabilities that the developer’s team brings to the project and their...
by sbcwebmaster | May 12, 2020 | Uncategorized
What does Pro Forma Mean? Pro forma is a Latin term meaning “for the sake of form.” What is a Pro Forma Budget? In real estate, a pro forma budget often takes on the “form” of Excel spreadsheet cash flow projections. They are used by developers, investors, brokers,...
