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Whether investing in a multifamily property with value-add intentions or simply as a stable addition to your portfolio, it is important to consider the building structure and the costs associated with structure maintenance.

Jillian Bandes, of Bandes Construction Company knows just what to look for in building structure when valuating a potential multifamily investment. This episode, Jillian shares six hot topics for investors to consider about building structure when buying multifamily properties.

1. Electric
   1. Costly repair and improvement item
   2. Determine property’s inside and outside amperage
   3. Enlist licensed electrician for any repairs or improvements
2. Roofing
   1. Unwise to cut costs on roofing materials and construction
      1. Find dependable roofing companies, use quality materials
   2. Roofing Warranties: 1-2 yr Workmanship Warranty; 10-20 yr Manufacturer Warranty
3. HVAC
   1. Air-conditioning represents a huge aspect to determine in Florida properties
   2. Requires secure maintenance schedule
   3. Replacement costs can be substantial
4. Doors & Windows
   1. Many things to take into account with doors and windows
   2. Observe building jurisdiction’s code requirements
   3. Buying replacements in bulk may be more cost-effective than as-needed replacements
5. Interior
   1. Interior trends fluctuate. Stay current with trends that tenants want
   2. Value-add investors may want to put more into interior costs up front for greater tenant appeal and longevity: energy star appliances, natural stone counter-tops, removing partitions, adjusting ceiling heights
6. Frame vs. Masonry
   1. Wood frame structures usually require much more extensive evaluations than masonry structures: water-proofing report, site level, landscaping, water table, drainage, etc.
   2. Repairs and rehabs can be costly on frame structures
   3. Masonry offers more stability and investment assurance

For more information from Jillian about important items to consider about building structure she can be contacted through Twitter @jillybee or by visiting Bandes Construction Company’s website.

The post Ep. 74 Jillian Bandes: 6 Hot Topics to Consider About Building Structure When Buying Multifamily appeared first on Real Estate Investing in Florida.