Improve the Marketability of Your Buildings
Sellers of commercial buildings are always looking for ways to make their properties more marketable. One way to accomplish this is to increase the value of the building by performing a seismic retrofit prior to the sale. In addition to causing buyers to view the building as a more valuable asset, lenders will regard the property as a more secure investment since the Probable Maximum Loss (PML) in the event of an earthquake is lower than buildings without comparable seismic retrofitting.
Reduce Purchase Price During Acquisition Negotiations
One of the best ways to obtain a lower price on a building that is being purchased is to negotiate the cost of a seismic retrofit into the purchase agreement. Saunders’ “quick-quote system” allows fast, accurate calculation of the cost of the retrofit in order to negotiate a credit from the seller. In this way, the buyer can offer a “lower-than-market” price.
Avoid Business Loss, Disruption, or Relocation
The loss from an earthquake can be devastating both to your property as well as the people in it. Many organizations have had to cease operations temporarily or permanently due to the destruction caused by an earthquake or collapse of a roof due to condensation damage. In these cases, the profitability of a property can be dramatically reduced because of:
- Loss of life
- Medical costs
- Litigation from employees
- Cost of temporary relocation
- Loss of tenants
- Loss of assets within the building
- Loss of building productivity
- Loss of building use and overall business operations
