INVESTOR STORIES
REDESIGN
ARedesigned Renovation WHEN MAKING DESIGN CHANGES CAN LEAD TO A BETTER RESULT
By Lorraine Beato
what it is they are doing. A few months ago, I was in the neighborhood of a fellow investor’s renovation project and I asked if I could swing by. The home had several issues that were not foresee- able, and I wanted to check on the progress since it had been gutted to the studs. Call me nosey, but this in- vestor is a friend of mine. I walked in with my husband who had also been tracking the progress all along. As we walked through this 1950s bun- galow to check out the new floorplan
and vaulted ceilings, my husband pointed out where the kitchen would be. I stood there looking around and said, “It can’t be, where are the kitchen cabinets going to go and the counters?” After several minutes contemplating the kitchen layout and placement, we found the architectur- al drawings with the floorplan. It was then that I saw they were planning to put the refrigerator and stove on the same wall and then create a small peninsula for the sink, and there was no area for a dishwasher. I called my
One of the things we do as inves- tors, especially seasoned investors is to build our team so that we can scale and leverage our time to grow our business. Building a power team is critical to our businesses and it takes time to do that. We spend time vetting the integral people in our real estate operations: trades people, general contractors, attor- neys, title companies, accountants, architects and so much more. How- ever, sometimes we have to take a minute to, at the very least, review
12 | think realty magazine :: july 2020
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