No Surprises, No Regrets!
Recognizing what you don’t know is vital in weighing every commercial property decision. Whether you’re an owner, a broker or play a fiduciary role, ensuring that a new construction or renovation project is the best fit for your objectives and pro forma takes intensive, expert due diligence. Comparing opportunities and gauging real costs are essential to head off regrets.
Thorough preconstruction analysis empowers smart choices. Relying on Miller’s Value Design™ process, clients gain confidence that the design, engineering and construction team will anticipate and avoid costly pitfalls and changes from the start. That demands knowing what questions to ask in the owner’s best interest, then bringing the technical know-how and insight to find innovative solutions.
See the whole picture before investing in a commercial property or taking on a major renovation. The right design/builder or GC will answer these and other key questions:
Looking at raw land:
- What’s the cost of one site vs. another? What will it cost to make each site buildable, from extending offsite utilities, installing other offsite improvements, to demucking, in-situ stabilization, installing piling or other specialized foundations?
- What’s the capacity of each site? What size building could each site accommodate? Should there be surface or structured parking?
- Which is the best building type for the specific parcel? Depending on municipal restriction and owner preference, any of the building types – tilt-up, block and tie beam, reinforced concrete, or structural steel – may be the most cost-effective and practical.
- What are accurate costs to add square footage, change building layout and enhance a building’s esthetics, based on current condition, expected use and client’s preferences?
- Are mechanical systems outdated? That can mean future expense, down-time and expensive improvements.
- How would the building weather a hurricane? Analyze the building envelope – including roof system, windows, doors and other exterior components – for structural capacity.
- What will it take to meet usage and current code? Each municipality’s requirements related to the amount of renovations that may require a code upgrade for the entire building varies. Upgrading MEP and fire protection systems to meet the most current code can be costly.
- Is “going green” a wise move? Define short- and long-term cost impacts /operational benefits of changes in lighting, water and energy use. Is seeking LEED certification or other green labels an appropriate choice?