In spite of rising interest rates, commercial real estate prices are still near record highs. Only now is the market moving off its 5-year peak set in the third quarter of 2021. Real estate experts are starting to see modest declines. However, the declines are not as large as had been forecast due to strong job…
The renovation business is growing, and it’s growing quickly. The industry is now worth twice what it was a mere 20 years ago. It’s also become a more specialized industry, with renovators often confining themselves to a specific type of renovation. This helps cut down on competition. Some contractors focus on renovating apartments, which is a…
The figures for Q1 of 2022 are in, and the number of homes bought by institutional investors is falling fast. They accounted for just 4.1% of sales, compared with 9.1% in the final quarter of 2021. Cash sales are increasing, suggesting that lots of individual investors feel real estate is a good place to park their…
Are you a commercial multi-family property owner in need of a full renovation of your units? This is a huge task that can be overwhelming but it’s well worth your time and investment. A renovation will not only attract better tenants but you’ll also have peace of mind that your property is durable and won’t need as…
Multi-family buildings can be a win-win scenario for everybody involved. If the building is in good shape, the landlord is attentive, and the tenants pay their rent, there’s no reason why this type of enterprise won’t generate income. At Complete Conversion Services, we understand the ins and outs of commercial construction, and we know what…
After several years of occupancy, your apartment complex may be ready for a facelift. However, do you need to renovate or remodel? You may use both terms to refer to your upcoming project. However, there are vital differences between them that affect the time it takes to complete your project, as well as how much…
Commercial renovations can give your property a fresh new look or enhance your operational needs. Though undergoing a construction project can cause a safety hazard to your employees and property visitors. You may not have the luxury of closing your business while undergoing renovations. Through careful planning and preparation, you can ensure that everyone’s safety…
New Emerging Market Baby boomers are still the largest generation but most have reached retirement age. Many of whom have different housing needs than millennials. If you manage a multi-family apartment building, rehabbing them to take advantage of the baby boomer market could provide lucrative income. But you have to understand the needs and desires…
Tools For a Successful Renovation Even the best buildings with the most cutting-edge designs grow old eventually. Whether you’re dealing with a property that was “built for the future” too far in the past or a modern space that isn’t cutting it for your needs, a remodel is the best way to get the…
Proven Tips To Budget for an Apartment Complex Renovation When your apartment complex renovation gets the green light, it can be an exciting time. You have many opportunities to add value to your business model and increase your income. You can also enhance the resident experience for all. Deciding exactly what you want to accomplish…