The common perception among buyers embarking on a construction project is: “Why does it cost so much more than I expected?” If you’ve asked yourself this, whether or not you were star-gazing at the time, you’re not alone in the universe.
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Drawing on our team’s experience, here are some of the least obvious but most prevalent examples of hidden costs of commercial property acquisition.
The conventional assumption is that it’s too premature to invite a DBGC (design build general contractor) to collaborate on the front end of commercial property evaluation, but nothing could be further from the truth.
You’ve qualified (congrats!) and signed onto a franchise, and have identified your new space, so now what?