Are You Flying Blind When Making Real Estate Decisions? Floor Plans Make a Difference!

What? No Floor Plans for Residential Real Estate! Here’s an Argument for Bringing Back Floor Plans When Renovating, Remodeling, Selling or Buying a House!

Background – Having gotten my start in commercial and industrial floor plans, home layouts, home design plansreal estate – with several stints doing site location work – I was appalled to discover that the residential marketplace seldom makes available a property’s Floor Plan.

In the world of commercial and industrial properties, we based our reviews and planning on the pictures we took – or were provided – and the Floor Plans almost always made available through Owner or Broker.

My entry into the residential real estate market came in stages: 1st – Searching for my own house, 2nd  – Helping others with renovations for their homes and 3rd – Having co-created Properties, Probe & Renovation(PPR) doing Site Location, Property Inspections, and Project Managing Renovations. At each of these stages, people were confounded when I requested the Floor Plan. I made the floor plan a demand or created one myself. 

Others Agree on the Value of Floor Plans – Here is what MOV 8 Real Estate had to say, “When marketing a property, you might think that the most important aspects in presenting the property would be top-quality photographs and a beautifully-written description. However, recent research suggests that floorplans are also at the top of the list for buyers. So why, if you are selling, is floor plan. house layout, home design plangetting a floorplan an absolute must?” Their opinion goes on to definitively state, “The potential to increase interest and encourage viewings and sales means that, in our opinion, floorplans are a must when you are putting your property on the market.”

Are Floor Plans Worth Their Time and Cost? – According to Infolio – a property advisor and manager – here is what a floor plan will deliver (with some of PPR’s additions):

1. They give perspective – Where photographs are picturesque, floor plans are to the point. 

2. They paint a picture  You don’t need detailed photographs filled with stylish furniture to gain a buyer’s imagination. A floor plan can communicate whether or not the home will be right for the potential buyer in the years to come. 

3. They help avoid the need for multiple inspections and added buyer visitations – A floor plan reminds the potential buyer of the room placements, sizes and configuration. They point out storage spaces and the location of doors, bathrooms, hallways,etc

4. They provide a reality check  If a buyer is serious about buying a home, the floor plan will give them a good sense of what belongings they can bring with them, and what things they’ll need to leave behind.

5. They do not lie  When inspecting a property, it’s natural for the potential buyer to lapse into a daydream. The home’s floor plan will act as a reminder of what is most definitely included in the property, and of what will not be there once your potential buyer returns, or eventually moves in.

6. They inspire change – There are two reasons why a potential buyer could fall in love with a home. They might fall in love with everything it already is, or they may fall in love with everything it could be. Not only will a floor plan illustrate the current makeup of a home, it might also inspire a little DIY (or professional) renovation. This will allow your potential buyer to envision and plan for any future home improvements he or she may want to make.

7. They put buyers “in” the house – Perhaps the greatest advantage to using floor plans – and one that cannot be underestimated – is that they allow buyers to draw and visualize their furniture in the home.

8. They make the house memorable – Have you ever followed up a prospective buyer from an open home and asked them what they thought of your property, only to have them ask “which one was it again?”

9. They put the whole package together – When it comes to viewing real estate photos online, it can be difficult for buyers to see how the images fit together to represent the whole house. This is especially the case when the property is empty. With a floor plan, buyers can piece together the photos and property in their mind. The floor plan helps buyers to see where rooms are located in context to one another, and how the property “flows”.

10. They are a necessity for renovation/remodeling projects – The floor plan is the road map pointing the way for the owners, professionals and trades for: renovation/remodeling design, construction planning, material selection and pricing, and the eventual placement of furniture.

11. They provide a permanent record – The floor plan graphically – along with pictures – shows what the house was and what it has become! The before and after!

Floor Plans for Buyers – According to Infolio, “So important is the floor plan to the potential buyer, research has shown that 1 in 5 people looking to buy will ignore a property advert if no floor plan has been included. In fact, many buyers believe that this extra information is of greater importance than the main images and floor plans, home design plans, renovation design plansssummary texts published within property brochures.” 

Floor Plans for Renovators/Remodelers – According to SFGATE – “Complete and accurate building plans can make the difference between a successful remodeling project and one that breaks the bank. These plans alert designers and contractors to the location of existing walls, wiring and other systems within your home. Knowing where these objects are located ahead of time helps your designer or builder plan the project around these components. A well-crafted set of plans can help reduce the risk of costly errors during construction, and may even shorten your project schedule.”

PPR’s Opinion – Floor Plans are an essential tool for Owners, Sellers, Brokers and those who are planning renovations and remodeling projects. Home owners should be demanding and Brokers should be the lead in providing a floor plan when sellers and buyers are involved. Before starting a renovation – or having an home inspection for that matter – the owner should obtain a floor plan.

Problem in Obtaining a Floor Plan – It is not easy to obtain a floor plan without  either measuring and learning to use software or paying for the services of a Designer/Architect!

Solution to the Need for a Floor Plan – PPR may have your Solution! Always looking for solutions to Real Estate problems,  Floor Planfloor plan. creating a floor plan, home design plansProperties, Probe and Renovation(PPR), will be adding a 6th service. As planned the service will provide standard Flat Design or a 3 Dimensional Floor Plan. Currently we are working on the details, including multiple options and pricing the service based on a number of factors. Please watch social media and our Blog for the details of the floor plan design roll-out! 

Are you a Home Owner, Potential Buyer, Real Estate Investor or Planning a Renovation/Remodeling Project?

Are You  Interested in What a Project Manager Can Do For You?

home renovation, renovation wartchdog, project managerFind out more about Properties, Probe & Renovation – We Could Be Your WatchDog! Contact Phil Eide . Email: Call or Text : 216.577.5579

Pricing Information for PPR’s Site Location Services – Your Real Estate Investment WatchDog!

Flexible Pricing to Meet the Client’s Property Site Location Search Needs

About PPR Property Site Location Search Pricing

To provide our potential clients an estimated price for PPR’s Real Estate Property Site site location, property finders, locating a propertyLocation Search Services, it is essential to outline two important factors:

1) How the PPR Site Location Search Service differs from services most often offered by an agent contracted with a real estate brokerage company.

2) What components contribute to the price estimate for a PPR Real Estate Site Location Search.

The PPR Difference:

A) The norm in the commercial and industrial real estate property sector for site location search is to utilize a site location professional; PPR is unique in that it also offers this service to the residential real estate sector as well.

B) PPR is client-centric and biased toward our Client’s interests –- PPR operates as our Client’s sole representative, not as a representative of both the buyer and the seller (dual agency) as is the norm for brokers contracted with a real estate brokerage company. PPR does not accept real estate commissions.

C) PPR utilizes a personalized questionnaire when interviewing potential Clients to ascertain their Site Location needs. These include, but are not limited to: Geographic Location(s), Type of Property(s) , Demographics, Unique Features, Price Points, and motivating forces behind the desired search.

D) PPR provides our Clients a weekly written, itemized update of PPR’s activities, including: site locations, pictures, videos, building specifications, expenses and an invoice, payable within 7 business days of receipt.

E) PPR keeps open, ongoing lines of communication with our Clients!

The Price Components for a PPR Real Estate Site Location Search

1. Time — Estimated hours to complete the PPR Property Search converted into a weekly and monthly total.

2. Hourly Wage – To be multiplied by our estimated weekly or monthly hours.

3. Travel and Related Expenses – Based on a previously agreed-upon daily, weekly or monthly amount.

Producing an Estimated Price for the PPR Forensic Inspection

After PPR has gathered the above information utilizing a comprehensive checklist during a phone appointment with the potential Client, PPR will provide the Client an itemized Estimated Price for the Project Management of a Real Estate Property Site Location Search within 5 business days. Should the Owner decide to proceed with the PPR Property Site Location Search, the Payment of the good faith retainer, based on 20% of the Estimated Price for the Property Site Location Search is due 72 hours prior to the scheduled start date and time.

Finalizing the Price for the PPR Site Location Search

The Final Price for the PPR Site Location Search and the Comprehensive Report will be invoiced to the Client with the delivery of the Report. The amount of the Final Invoice will not exceed the Estimated Price unless, during the Search process itself, unexpected needs arise in order to provide additional data about a property of interest. In such a case, the PPR Project Manager will contact the Client to get permission to proceed; confirmation will occur in writing by text or email; time and materials for the work above and beyond the estimate will be added to the Final Invoice.

site location watchdog, watchdog, site locationDo you have questions about the PPR Property Site Location Search Service or Pricing as it could be applicable to your Residential or Commercial property? Email or give Phil a call…we look forward to hearing about your real estate challenges!

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