Archview Construction Services for Investors:
Time is money, so the benefits of quickly turning foreclosed properties into clean, safe and attractive homes ready for market cannot be overstated.
We work with investors of all types including realtors, property managers and banks to quickly transform even the most devastated homes into rent-ready condition with both curb appeal and eye-catching interiors.
A great many of our clients rely on us to evaluate a property for them prior to contracting for a home or thereafter during the due diligence stage before making a final buy decision. We play a big role in the buying decision based on our ability to provide a quick construction budget. We provide a safety net with our ability to identify major problems that are not readily apparent to even the shrewdest investors. Accordingly, our investor clients can factor in rehab costs to get a better sense of their “all-in” costs. We’ll give you a better understanding of potential hidden problems that might arise later, i.e. once utilities are on and we attempt to test plumbing and systems.
Consequently, we have a budget based on existing conditions and also a plan of action mapped out for an expeditious rehab. All of this comes before many of our investors are required to fully commit to an acquisition. While it is advantageous for our clients to call on us at the earliest stages, we are comfortable being brought into the fold at any point in time.
We are accustomed to and enjoy working with investors of varying levels of experience whether they’re highly active or an “arm chair” investor that places an even greater reliance on us. It has been our pleasure to work with many fine property managers whom, like us, feel a fiduciary responsibility to look out for the clients best interest at all times. In other instances we are happily providing these and other services, at the earliest stages, to the lender and realtor prior to the property being offered for sale.
There is no flawless house
Each home, even anew one, has some issues. The trick is in spotting the really big ones before you sign on the dotted line.
Subtle signs such as tiny insect holes or water behind walls will be next to impossible to detect amidst freshly painted walls, new siding and snazzy appliances. But you can look for several big, flashing cues to some of the worst problems.
Almost any deficiency can be cured. It’s a matter of how much will it cost. If you stack up enough issues it can blow the budget or at least suggest that a revised offering price is in order. On the other hand if the house were without issues an owner-occupant would have bought it! We will assist on the front end or once we begin work in evaluating problems of every variety and magnitude.
A sample of what we look for:
- Extensive odors from mold, pet stains, and rodents (frequently inhabiting attics)
- A roof that is visibly sunken in due to weakening structural components
- A badly bowed foundation wall in need of bracing
- A driveway laden with trip hazards i.e. concrete slabs with large cracks, separations and/or heaving that will not pass inspection
- A heavy metal awning perilously hanging on
- Exterior asbestos shingles that are missing and cracked.
- Copper that has been stolen.
- Old electric panels such as Federal Pacific, Zinsco and Sylvania can often fail to operate properly and may leave homes and homeowners at risk to both fire and electrical shock.
- A home surrounded by older (often dead) trees, others hanging perilously over the home or within major power lines that could cost upwards of $10,000.
- Diagonal cracks off doors and windows are almost always indicative of foundation settling.
- Paneled basement walls that may be hiding defects
- Knob and tube wiring or aluminum wiring