Finding value in the sites others overlook
An awkward site is only an opportunity when the problems can be understood, costed and solved.
A challenge can hide an opportunity
In an earlier LinkedIn post, I reflected on a site visit involving steep changes in level, mature trees and substantial clearance. It was the sort of opportunity that could quickly be dismissed. The question was whether its difficulties could be resolved at a price that made sense.
Turn uncertainty into questions
For a commercial building, start with the intended use. Can occupiers reach it easily? Does the building offer the space, access and servicing they need? What work would be required before it could be occupied? Those questions help turn an appealing idea into something that can be investigated.
Price the work, and the time
A refurbishment budget is only one part of the assessment. Professional input, holding costs and the time needed to resolve uncertainties belong in the picture too. An inexpensive purchase can become an expensive project if the route to occupation remains unclear.
Be prepared to walk away
Some problems are worth solving. Others leave too little room for delay or unexpected expenditure. The aim is to make a clear decision about a specific property, supported by evidence. Passing on a site can be the right outcome of a thorough assessment.