around renovated properties coming to market, not only building the indi- vidual investor’s brand but offering a sought after, quality renovation that is targeted at likely demograph- ics. This may also include chang- ing a two-bedroom, one bathroom home into a three-bedroom, two- bath either through rearranging the layout or through an addition, often finding value where other investors are only considering a typical remod- el of the current setup. These same design skills can apply in the multifamily space whether it is changing the exterior facade of a building or altering ame- nities to compete with neighboring properties. The mindset behind how our design process works as investors plays a big role in how we offer a new style of architecture and interior design to those we work with. As an example, we have had discussions with a developer who has approval for 28 units nearby through a mixture of quadplexes and duplexes. They contacted me for property management once it is built, but as I reviewed the plans by their current architecture firm, I was able to recognize how the unit layouts could be more functional and advised them on the right unit mix of bedrooms and bathrooms and ways the property could feel more like a community. Investors should seek the skills of architects due to the license need- ed to accomplish certain strategies and their education differs wildly from engineers, contractors, and other consultants. Although, not all architects understand design intent, interior design, and the importance of an investor’s strategy, so ask around your local investor circles to see if any investors currently work with an architect. With the variety of asset classes and skills, ensure the
Living Room of the Cabrera House, Dominican Republic
Bedroom of the Cabrera House, Dominican Republic
lease faster, decreasing the vacan- cy turnover process and raising the likeliness of lease renewals, which improves the cashflow over time. •
architect you choose has experience in the type of projects you are look- ing to do. Finding the right power team to work with when it comes to archi- tects and interior designers can aid investors in making smarter deci- sions, saving construction costs, building a better product for the end user, and avoiding delays. If a prop- erty is better designed, it translates to a faster resale if it’s a fix and flip. If a unit has the right setup, it will
Jeremy Kloter, A Marine Corps Veteran turned Broker, was raised in the Tampa Bay Area. Jeremy is Co-Founder of Glow Architects, an award-winning
design firm. His other business ventures include being the Co-Founder in a real estate investment fund (506B, Reg. D), a real estate brokerage, and a property management company.
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