Capital Improvements

The process of maintaining and enhancing the value of a real estate asset requires the repair or replacement of major components of a building.  These projects range greatly in size and complexity.  However, all share three key management responsibilities:

• Cost controls as a means of maximizing value;
• Ensuring that the right companies has been hired for the job, and;
• Ensuring that each step of the work is completed correctly and the final result is of real value to the asset.

Our process begins with an assigned Alhouse Deaton professional who is the single point of contact for the job.  That professional begins with a detailed plan to insure each task is covered and accounted for.  This comprehensive process insures that all parts understand their responsibilities and deadlines.  Communications protocols, set up by Alhouse Deaton, are strictly adhered to in order to eliminate confusion between the various parties involved in the project.  Throughout the project, accountability for work being completed on time is an ongoing responsibility of the Alhouse Deaton professional in charge of the job.

When the work appears to be completed, Alhouse Deaton professionals are still hard at work makes sure that every detail has been completed, warranties are in-place and lien waivers are delivered.

It’s this attention to detail that insures the properties reap the benefit of the capital improvement for many years after.