ARCH-101               +1.208.391.7100               ssomers@arch-101.com

Where to Start?

  • Why are you considering building new?
  • What are your personal goals and objectives?
  • What are your business goals and objectives?
  • Is it an advantage to lease or to own?
  • Is it an personal investment?
  • Is it a main office or a satellite office?
  • How long will you practice in it? What happens in 3, 5, 10+ years?
  • Are you looking to diversify your personal investment portfolio with real estate?
  • Are you looking for tax advantages of owning?
  • Do you need a new location?
  • Is the cost of leasing from yourself about the same as what the local leasing market is for other similar office space? These are the types of questions you should be asking before deciding to build new. If you need help on what questions to ask and where to start, call us for a free initial consultation.


You Decided to Build...Now What?

  • Identify the top three goals in determining the success of your new project?
  • What is your budget? What will the bank lend you? How much of a down payment can you afford?
  • Did you make a separate budget for equipment, furniture, IT, artwork, and other furnishings?
  • How will you approach your project? Will you use a developer or do it yourself?
  • How will you find land? How will you verify it is a good parcel for your project?
  • How will you assemble a project team that represents your best interests?
  • What is your project schedule?
  • When do you need to occupy your new building?


Call ARCH-101 if you have questions. We are happy to assist you in helping put your project on the right path for success.

Plan for Success

Plan, plan, plan.  We cannot stress this enough. The planning process starts BEFORE you start your project. New building projects are personal investments as well as business investments. They should be made with both in mind. With such a significant personal investment, you want to ensure that your money is spent wisely. Plan well in advance. Many do not understand the time it takes to complete a new building project once the decision is made.


Schedule

Even AFTER you have secured a parcel of land, the project process will take roughly one and a half years...possibly longer depending on your zoning and permitting processes in your area. It will take roughly 6 months to design, 1-2+ months to obtain a building permit, and 8+ months for construction.


Building Ownership

Keep in mind that running your practice and owning your own building are two different things. Most privately owned buildings are owned and operated under a separate LLC and are leased back to the practice. Owning a building brings a new set of issues that do not come into play when leasing. Make sure you understand the differences.



Healthcare Buildings