ANSWER: Yes a positive return.
Question: When deciding whether to proceed on a construction development project, what mistakes do the majority of Investors make?
ANSWER: The investors fail to plan properly to develop “real cost” to construct.
ANSWER: Failure to completely understand the owner’s role in the development process.
ANSWER: Failure to develop a realistic time evaluation or master development schedule.
Question: What should be the Owner/Investors first decision?
ANSWER: Seek out a professional Owner’s Representation qualified to prepare constructability, cost estimating analysis and master development scheduling.
Hence, The majority of Owner/Investors “get it,” however many continue to make the same critical mistakes, resulting in lost time and money, which can be avoided by seeking out a Qualified Owner’s Representation. The best results in any investment are produced by understanding what the investor is trying to achieve. This is a result found only through acquiring the proper experts to implement your investment plan and manage it properly.
Kenny Tsakanikas
Executive Vice President
GKMB Consulting
www.GKMBLLC.com