Ground-up construction offers unlimited flexibility. A ground-up construction project allows for building customization so that a building can better meet the needs of its purpose. For instance, if the building is intended for a company, it can offer opportunities in the area of workflow, capacity, machinery, etc.. Commercial building construction usually has a higher price tag than renovation. However, depending on the nature and volatility of the local real estate market and the stock of existing buildings available for renovation, ground-up construction can sometimes be less expensive than a renovation. This alternative often avoids costly problems or the need to modernize outdated components to match current codes.

 

Another important benefit is the option to grow out a building in stages. As a building needs expansion due to a growing business or a need for more tenants—the building can expand also. However, it can be difficult and require a longer waiting period in order to obtain the necessary permits to construct a new building from the ground up. Ground up construction projects tend to take longer than renovation projects, as well.

 

Raakel Real Estate manages the development process and and can be involved at any time through the evolution. Typically, clients will engage Raakel Real Estate at the time of acquisition for analysis and retain our team through the lease-up phase to ensure a smooth transition and successful project.

 

Raakel Real Estate is a licensed General Contractor in the state of California.