Enodo Multifamily Blog
Real Estate Trends, Tools, and Best Practices.

How Real Estate Developers Engineer Value Before Breaking Ground

In a recent Bisnow article, CEO Marc Rutzen shared insight on how developers can engineer value in redevelopments before beginning construction. One way to engineer value is to utilize  software to determine what is necessary.

An excerpt from the article:

Platforms like Enodo can be used to determine the optimal mix of a development and the footprints of individual units. For repositionings, users can upload PDFs of rent rolls, analyze pricing by floor plan and test renovation scenarios for individual unit types to determine the best renovation strategy. Users may also track amenity values throughout the life cycle of a project. 

Software helps owners determine how the market has changed since development started, and if features and amenities need to be cut to value engineer the project, they can ensure the lowest premium amenities are cut first.

 

"This level of analysis allows developers to build to the original plan, but adjust accordingly if anything changes throughout the course of the project," Rutzen said.


Read the full article here.  

Marc Rutzen
Marc Rutzen
At the intersection of Real Estate and Technology, Marc Rutzen is the CEO & CoFounder of Enodo Inc.

Related Posts

What Do Chicagoans Value More: In-Unit Laundry or Balcony?

Exactly what makes an apartment valuable? Depending on where you live in Chicago, the answer may vary. Wo...
Marc Rutzen January 2019

How Lenders Are Going To Make Your Life Easier

When I first started working with large multifamily lenders, I was surprised how few of them made loans f...
Marc Rutzen September 2018

Is There Really Any Value To Add? Look At The Pro Forma

Another source of value that’s easy to manipulate and mess with is the proforma expenses. The current ope...
Jared Prince August 2018