by Damien Therrio | Oct 29, 2020 | Construction Insight
With the winter weather comes more work for property managers and homeowners alike. There are many things that you can do to make sure that things run smoothly for the properties you manage this winter. The following are just a few issues to be aware of in the next few months.
Heating inefficiencies are common in many homes, but they can be a source of discomfort or even danger in some cases. If your property is in a very cold place, having the heater go out or not working properly can be very inconvenient. You will need to make sure that heaters and thermostats are working and that the air filters are clean and unobstructed. If filters and vents aren’t cleaned, they run the risk of starting fires or not properly functioning. Both of these can be costly to repair.
Water damage is common in the winter. If you live in a state that has high rainfall or snow levels, you will want to be extra careful of water leaking down to the basement and flooding. A sump pump can help you manage flooding in basements.
It’s important to make sure that if a basement does flood, you get the water out as soon as possible to avoid extensive damage and bigger costs. Using a pump will help you to remove the water and check for water damage in the foundation and in the wood framing.
Snow removal and anti-icing are important parts of property management. Before the cold weather hits, decide what kinds of options for dealing with snow and ice you’d like to use. Anti-icing and de-icing are two of the most important things for properties in areas that deal with snow and colder temperatures.
Not only will they help keep people safer from accidents and falls, but it will also help to avoid damage to the property. Whether you choose to use a service or do it yourself, you’ll need to decide and make a plan for de-icing and anti-icing your properties for the winter.
From heating to snow removal, there are many things that you need to check before winter hits. Depending on your area, you may need to do more extensive prep or repair work once it gets cold. Pay special attention to the things above so your properties and tenants can be safe this winter.
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by Damien Therrio | Oct 26, 2020 | Real Estate Development
When investing in real estate, there are many options available to you. One such option is commercial real estate. This type of investment differs from residential real estate investment and can be quite an interesting venture. Before you begin your investing, here are a few things you should know.
Understand the Fundamentals
Before getting started, it’s important that you know the business. One of the first steps of investing in commercial real estate is knowing what type of property you want to invest in. There are 5 main types: office, retail, industrial, multi-family, and special use. You can own anything from an office building to a strip mall to a warehouse. Do some research to see which type appeals to you. Knowing the market can also help you determine which would be a safe investment.
One of the major benefits of commercial real estate investing is that it has lower risk. Commercial investing is perceived to be more difficult, so you will have less competition. You can also depend on higher income, longer leases with your tenants, and more cash flow.
When financing your investment, there are many types of loans you can choose from. For example, there are permanent loans which are similar to a mortgage on a house. If you’re waiting for a long-term loan or planning to refinance, you can use a bridge loan which is a short-term loan. Another common type of loan used by real estate investors is hard money loans. These loans are not offered by traditional lenders, but by private companies. These loans can be useful if you don’t intend to hold a property for an extended period of time. Your commercial real estate venture may qualify for SBA financing. There are even different types of SBA loans that can be used for a variety of business-related ventures.
Get a Partner
As you’re starting out in investing, it may be wise to begin with a partner. Having a partner can be beneficial in many ways. If you’re looking to get more experience, then find a partner who knows investing. Having a partner also makes it easier to obtain loans. Additionally, you each bring different skills to the table. While it can have its challenges, starting off with a partner can help you get your bearings.
Commercial real estate investment is a wonderful option if you’re looking for a low-risk and profitable investment option. Before you begin, make sure you understand the basics and the different types of investments. Make sure you’ve done your research so you can be the most successful.
Ready to invest in commercial real estate? We can help you achieve it by building you the perfect property to invest in. Contact us to get started.
by Damien Therrio | Oct 20, 2020 | Construction Insight
With so many natural disasters in the world today, it feels more pressing than ever to make an effort to make our communities more environmentally sustainable. But when it comes to analyzing your construction company’s methods, it can be difficult to know where to start. This article will walk you through a few different things you can do to take the lead in environmentally sustainable construction.
Green Building Standards
When figuring out where to start when taking the initiative to be more sustainable, consulting green building standards is one of the first things you should do. Green building standards vary across states, but generally, the process for attaining the green stamp of approval is the same.
Houses are rated for their sustainability based on a series of criteria. When they meet certain criteria, they receive points. The number of points you get determines the rank of your home’s sustainability. Some of the criteria include resource, energy, and water efficiency.
Being aware of these criteria will help you have your radar up for opportunities to make the homes you build more environmentally friendly. Sometimes, the environmentally friendly decision is the same cost as the non-environmentally friendly option.
Reducing emissions is one of the main ways that you can make a positive difference in making your business more environmentally stable. According to the United Nations Environment Program (UNEP), resource extraction and processing account for more than 90 percent of global biodiversity loss.
One initial action you can take to reduce your emissions is choosing low-carbon concrete mixes. Because each project typically uses a lot of concrete, the relatively small ratio of carbon in the concrete becomes a significant amount. Choosing lower-carbon alternatives can make a big impact in how you reduce your own carbon footprint.
Recycled materials can contribute to more sustainable development. When it comes to purchasing these materials, you may be wondering where you go to find them. The answer might surprise you. If you’re working on a smaller project, starting with Craigslist might actually be a really good idea.
Lots of people post their extra building materials like brick, lumber, and sometimes granite. Not only is this environmentally friendly, but purchasing building materials off Craigslist could actually save you big money in the long run.
If you’re working on a bigger construction project, you should also consider looking at websites that are dedicated to providing you with sustainable materials. You’ll be surprised at some of the beautiful materials you can find.
Changing your waste disposal method is perhaps one of the biggest opportunities that you have to be more environmentally conscious. There are a variety of ways to make your waste disposal more efficient. For starters, you could change the way you house waste during the actual construction job. In fact, bottom dump hoppers are more efficient than conventional hoppers and help with waste disposal.
In addition to making your disposal method more efficient, you should also consider being more conscious about recycling materials. Concrete tends to be one of the most frequently wasted materials. Making efforts to recycle any extra concrete can make a big difference.
Be Precise about Materials
In addition to being deliberate about your waste disposal, you should also be precise when you cut your materials. The most effective way to eliminate waste when cutting your materials is to use prefabrication. Prefabrication is the method by which building parts are built offsite and then delivered to the building location ready to be assembled.
This allows you to only use the materials that you need. You won’t need to fill any dumpsters with waste.
Be Efficient with Equipment
When it comes to sustainable construction, it’s easy to forget about the impact of the machines you are using. But in reality, between equipment like bulldozers and backhoes, you can actually end up using a lot of energy. Having large machines like this running idly can end up being quite wasteful.
If you only have machines turned on for the time when they are actually in use, you could end up saving both a lot of energy, but also money. In addition, limiting the time that heavy equipment is in use can also help prevent potential injuries that could occur when using that heavy-duty equipment.
Standardize Building Procedures
Another effective method to reduce your carbon footprint is to standardize your building procedures. It may not initially seem obvious how this would affect your sustainability. But in reality, a lot of energy and resources are wasted when you change your building procedures from project to project.
If you have to retrain workers on different equipment and different methods, you’ll inevitably have some bumps at the beginning that generally bring with them some inefficiency.
And besides, finding a way to standardize your building procedures will not only increase your overall efficiency, but it will also save you money. When you can train your workers on less techniques that they learn to master, you’ll be able to get more done in less time.
Work with Local Suppliers
Working with local suppliers can make a big difference in increasing sustainability. Shipping and handling for bigger pieces like cabinets or countertops can result in not only expensive shipping rates but also in a greater carbon footprint.
Do your research to find local suppliers that can provide you with the right materials you consistently need. Not only will this allow you to develop more sustainable business practices and support local businesses, but you may also be able to negotiate better deals between you and the supplier.
If you can commit to the supplier that you will bring them a large amount of your business, they may be willing to lower prices for the materials you need to purchase.
Making your company more environmentally friendly can seem overwhelming, but it doesn’t have to be. Start with some of these suggestions and see where they take you. Even small changes can make a big difference.
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