Most office buildings don't have the layouts and windows and systems that make it easy to make the conversion... Just because you have an empty office building doesn't mean it's right for conversion.
Without more incentives, prices for office buildings need to fall to pennies on the dollar to make office-to-home conversions pencil out.
Understand that there aren't going to be 10 bidders [for these buildings]... You're gonna have to beg someone, even if the economics work, to step up and do this work.
Changing the use of a building often means uncovering the mystery of what's behind the walls. Outdated plans and blueprints hide problems that can evade 3D sca
#office-to-home-conversions #real-estate-development #historic-tax-credits #market-challenges #building-layouts
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