The Secret to Effectively Transforming Vacant Office Buildings into Apartments
Office use has undergone a major shift in recent years. One of the most effective ways to repurpose office buildings is by converting them into upscale apartment units.
Office use has undergone a major shift in recent years. One of the most effective ways to repurpose office buildings is by converting them into upscale apartment units.
Fair market value is defined as the price at which a property would change hands between a willing buyer and willing seller, neither under duress, both with full knowledge of the property and market. But how is that number determined? And why should you care?
Here at Capstone, we track the apartment projects in our local market so we can better understand how the future value of existing stock may be affected. Here, we share the results of our yearly summary.
There is clear data that shows the difference in CAP rates for the different classes of multifamily properties. However, looking at CAP rate alone doesn’t tell the whole story – appreciation, cash flow, and tax benefits are the trifecta. The end answer to what type of property is best comes down to your personal choice – which component of real estate do you most need right now? Let that guide your answer and you’ll be well on your way to a profitable return.
As the owner of a mixed-use property, how do you value the income stream on different tenant types? Today, we focus on how to evaluate the appropriate CAP rates in order to plan for long-term success.
Property owners can enhance their chances of insurance approval with low rates and lessen their chances of major claims by following these 7 important steps.
The federal government’s Historical Tax Credit Program provides excellent benefits for those looking to offset the costs of repurposing historic buildings.
Whether you want to get your hands dirty with a massive real estate development project, or you simply want to passively invest in apartment construction or rehabilitation, understanding multifamily construction costs is essential.
Take heart, all you rehabbers & builders- those projects that you invested more into for greater energy efficiency, knowing it would pay off down the road- you can also be rewarded with a tax credit for it as well.
Since your property manger is an essential part of the success of your property performance, making sure your perspective is aligned will further your success. Take them to lunch and discuss the following…