After the Covid 19 pandemic that hit us back in 2020, tons of businesses, facilities, and more closed down. Because of this, there are plenty of vacant spaces, land and properties for people to soon build whatever they could want.
But firstly, what is Real Estate Redevelopment and Why is it important?
Redevelopment happens when previous lands or properties are being constructed to be newer and fresher facilities. Times change; wants change; demand changes; supply changes. And to keep up with these, various redevelopment happens to cater for the economy’s demand.
To learn more, read more below or click on the links provided!
Overview
We at Dolphin Property Investments have a keen eye for preserving and reusing existing structures and enhancing the value of underutilized assets.
Our team revitalizes underutilized assets through thorough investigation and a dedicated approach. Every stage of the redevelopment process includes proactive work by Dolphin Property Investments to effectively transform a troubled facility into an asset for the customer and the neighborhood.
Redevelopment Process
For our customers and the communities they serve, we provide real estate solutions of the highest caliber.
01. Due Diligence And Site Choice
Our team does a ton of research to ensure the location is practical before choosing the best one. During the due diligence phase, all requirements and possible hazards are assessed.
02. Site Analysis Reports
Our team members do SIRs to ensure the project will be useful and profitable. All financial factors that should be examined are those relating to the acquisition, review and registration fees, utilities, impact fees, building, insurance, closing expenses, and revenue.
03. Finance For Redevelopment
To compute the anticipated return on investment an internal financial team dissects the pro forma analysis. It helps in planning the project’s specifics, such as renovation expenses and consultancy fees.
04. Structure & Design
Following the execution of the Purchase and Lease Agreement, We started the procedure shortly after acquiring the necessary plan design permissions from municipal and governmental bodies to ensure it complies with all applicable regulations.
05. Management Of Construction
When building permits are obtained, construction on the redevelopment project begins. To ensure that the project is completed on time and within budget, our internal team manages the mobilization of the general contractor and subcontractors.
06. Get Ready For Tenants
We ensure all required on-site work is finished and has passed final inspections as the project nears completion. Issuing the Certificate of Completion is the last step in the close-out process.
Come join us! Email me at mark@dolphinpi.us to find out more about our next real estate investment.
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