Protecting your Investment.
It’s fair to say that protecting your investments are high priority to any investor. When it comes to real estate investment, protection can take many forms, of course a main one being insurance for the property. Most property will have one policy during construction, and another for when the property is complete and ready for tenants. The second major way to protect your investment is during the construction phase, identifying problem area’s and future problematic area’s and fixing them right of the get go. Yes sometimes these repairs can get costly, but in the long run saves you thousands of dollars when these issues create more damage.
On this property we noticed some issues in the basement concrete, while your average investor or flipper may just do a quick patch job and hope for the best, we don’t take chances, which is one company policy our joint venture partners really appreciate. The original cement slab had cracks and divots that were not quite a problem yet but could be extremely problematic in the up coming future. Instead of playing the odds and risk having to address the issue later, we handled this one head on. We had the old concrete ripped up and poured a new slab for a crisp smooth finish, addressing any water and foundation issues in the process.