Real estate is a long-term investment and requires a long-term plan, often called a capital fund forecast.
To optimize your capital fund forecast take the following action steps:-
- Inspect your building and make a list of everything you want to be repaired & reinstated to its former glory
- Allocate a tradesperson to each item
- Have your regular contractors review and provide estimated costs and timeline when major works may be required
- (optional) Engage 3rd party expert to review timeline and costs. (eg engineers, lift consultant, or another expert)
- Engage capital fund forecast company, to collate and calculate all this information into a smooth longterm plan to upgrade and maintain the building.
