AG Property Services can significantly aid developers in saving costs during the design stage.  Involving an experienced property manager in the pre-construction phase not only helps mitigate potential potential problems but also enhances value early in the design process.

1. Budgeting for First-Year Deficit: We can assist developers in creating an accurate budget essential for initiating the sales process. During the turnover from the developer to the board of directors, the condominium corporation operates based on the budget set years in advance. However, discrepancies often arise, and the budget may prove insufficient. Prior to occupancy, we can secure operating contracts, setting the corporation up for future success. Proper budgeting not only shields developers from reputational damage but also saves on potential lawsuits during the “first-year deficit.”

2. Design for Low Operating Costs: Integrating property managers into the design process offers developers valuable insights into property dynamics that benefit from design considerations.

   • Amenities: We comprehend how common areas, such as pools, party rooms, and lounges, are truly utilized by residents. This insight enables tailored designs for enhanced features, reduced maintenance costs, and the avoidance of unexpected flaws not apparent on paper.

   • Functionality:  With our hands-on understanding of building functionality, provide insights into storage needs, practical finishes, and the pros and cons of various systems. They assist developers in making informed choices, steering clear of pitfalls and crises.

   • Attraction: While not interior designers, we grasp what appeals to diverse demographics. Drawing on their experience in attracting and screening renters, we offer valuable input in tailoring designs to attract the desired clientele, be it retirees, students, or families. This collaborative approach ensures that upcoming buildings meet the specific needs of residents.