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Updated almost 2 years ago,
When would you want/need as-built surveys done during the investment process?
Admittedly, this is a self-serving question, as my "9-5" is operating a nationwide architectural as-built company. But I'm genuinely curious and wanting to prepare for when it comes time for my own CRE investments. This topic is just one of a few hundred questions I'll have.
I typically work on projects that are ready to proceed into the tenant improvement phase and need architectural design drawings. In other cases, are architectural surveys/as-built floor plans needed during due-diligence phase, just prior to closing on a deal, for insurance policy purposes, or anything else you can list?
Thank you ahead of time for taking a moment to respond.