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Facing a Real Estate investment in a foreign country is not the easiest thing to do: the knowledge about the dynamics of a foreign market is an essential factor to take the best possible decisions.
As for the detection of an existing building or a construction site where to place the installation of a company branch, a productive/commercial activity or simply a new office the variables to be considered can be many.
Location, nearness to infrastructures, area value, state of conservation of the existing building or construction potential of the building site detected are only a few factors that can deeply influence the success of an investment or its failure.
That’s why he first step of a correct Building Management approach is the Technical Due-Diligence: a realistic image of the state of the art of the chosen building/area where to point out, through a final report, possible dissimilarities, non-conformities, lacks or abuses compared to the current laws and to what results deposited to the responsible Entities (ex. Municipalities); as well as a full report about the functional parts of the building or the potentials and opportunities offered by a selected area.
This kind of analysis should be done before every real estate investment intention on a selected group of potential choices, in order to have a clear comparison between the alternatives and to avoid unexpected costs that were not considered during the acquirement.
A good process of Technical Due-Diligence enables a company to make the best possible choice in relation to it expectations: in recent years the real estate market in Italy has gone through ups and downs and the value of an existing asset or of a building site has to be analyzed not only under a financial point of view but also on a technical side, in order to save time and money.
Written by Luca Cazzaniga and Matteo Cazzaniga – Cazzaniga Costruzioni