|
Why
convert your property to condos . . .
The
short answer is that it is the quickest and most
reliable way to maximize the value of your property, for
when you decide to sell.
The "highest and
best use", may be to convert your
apartment, office, commercial, industrial property, to
condos. Conversion can significantly increase the value of
your property. If the difference in value between the
building, as is, and as condos is greater than the cost to
convert, then you've maximized its value and have a
greater potential for profit.
The mapping of a property automatically enhances the
value of your property. Once the map is in place, the
owner can continue to hold the property as a rental
until ready to market the property as a turnkey condo
conversion project or sell it with the map in place for
the new buyer to do the physical aspects of the
conversion. Just
having been condo mapped can increase the value as much
as 25 to 35%
Another option available to complete the physical
process of conversion and earn an additional 40% to 60%
profit. Experience tells us that condo mapping your
property will ensure additional future profits
regardless of whether you sell the approved conversion
to a dealer, or complete the process yourself and
realize the additional profits.
However, it should be noted
that, depending upon where the property is, market conditions change
and the property may warrant the mapping now in
anticipation of future market up-trends. |