You could negotiate to offset the cost of seismic upgrades against the purchase price. But does this allow for the lost revenue in this process? Maybe quantify those costs too.
Lenders do require an understanding of the seismic rating because this impacts on the value of the building and therefore their security. A poor seismic rating can result in restricted finance options and higher interest rates. Further, your insurance costs are also likely to be negatively influenced by a less than favourable seismic rating.
A Detailed Seismic Assessment (DSA) is a good first step in the process of valuing a building. You will find an NBS score in a DSA. A poor NBS score can become an opportunity depending on your appetite for adding value. That opportunity then has two key elements.
Retaining maximum functionality of the building, in the new design, and retaining maximum revenue in the construction process is generally outside the scope of an engineer. Those needs require buildability and programming. You will need gridlineNZ for these sophisticated approaches to seismic building value understanding.
TOOL | SOURCE |
---|---|
Detailed Seismic Assessment (DSA) | Engineer or gridlineNZ |
Concept remediation design | gridlineNZ |
Estimated cost for remediation construction | gridlineNZ |
Construction programme | gridlineNZ |
gridlineNZ can offer a suite of solutions to provide Seismic Clarity from Seismic Assessments. Leveraging opportunity into value. Contact gridlineNZ now to get an appraisal of your situation.