In many dicussion with our clients we
were asked to offer "just a quick status" and not the full service
spectrum. At first we were reluctant as we felt that we would be taking a
risk but then we realized that it actually is a smart approach. So we
created and are still creating a set of "Health Checks" to "feel the
pulse" of a property in order to identify possible problem areas to then
determine with our client what could be
achieved dealing with them.
The health of a property is determined by many factors, from structural status of the building to financial figures like yield or profit before interest. Even the financing structure can be a subject for a health check.
However all these factors influence some key measurements or Key Performance Indicators (KPI) that can be used as a starting point for a health check of a property. We have developed quick assessment processes to identify any possible problem areas in a property using e.g. rent level or utilities charges as KPIs and benchmark them against the market.
These are the initial services at an introductory price level:
- Rent Level Benchmark
- Utilities Charges Benchmark
- "Ready for Selling" Audit
Survey
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