2 – Storey commercial complex.
2 – Storey commercial complex.
Essentially, this involves ensuring that accommodation unit(s) or properties are let to desirable and reputable tenant(s) for reasonable rent and best lease terms and conditions through the application of suitable marketing strategies embracing effective advertisement media. The following processes are always ensured;
At Olanrewaju Oladele & Company, we have competent hands that ensure, through thorough negotiations, that client properties are sold within the given time frame and also to the best advantages of the sellers.
We also help prospective home/property buyers to source for good and unencumbered properties that suit their social status and wants.
We achieve the above objectives by ensuring that;
Introduction of other Value Added Services that will make us achieve our desired objectives in good time.
In achieving the investment goal(s) in Real Estate market, the under-listed management functions are very essential. These are in addition to relieving you of the burden of dealing with tenants, which may sometimes affect/interfere with the smooth running of your personal duties.
Finally, we hold a responsibility to both the landlord and tenant to manage provisions of the lease agreement and arbitrate on conflicts between the parties.
Depending on the type and use of properties, other management services that would/may be required, and for which all the tenants are expected to contribute towards the cost of providing them on the basis of scope of accommodation occupied under the service charge arrangement include;
Project Management is the overall planning, control and co-ordination of a project from conception to completion aimed at meeting a client’s requirements and ensuring completion on time, within cost budget and to the required quality standard.
Our team aims to deliver to our clients a project that fully satisfies their needs regarding quality, performance, timing and cost in use.
We motivate and co-ordinate all participants to achieve project completion on programme and within budget.
The growing practice in the construction industry today is to appoint the Estate Surveyor and Valuer as Project Manager leaving the other consultants to concentrate more on their professional functions.
In the Firm’s capacity as Project Manager, we become the leader of the development team and co-ordinate the functions and activities of all other members of the team as well as the main contractors. Some of the functions of the Firm as Project Manager will include but are not limited to:
Site assembly, project feasibility and viability appraisal, programming, supervision, design appraisal, authorizing design changes, monitoring progress and cost, letting and management of the completed development.
Since the Firm also performs the role of property manager, (i.e. after the completion of the development when other members of the development team have left the scene), we have that unique experience obtained from managing properties to detect design features likely to cause management and maintenance problems in future and consequently are in a position to advise against these at the design stage if appointed as Project Manager.
We provide specialized advice on how to provide affordable housing, maintenance and repair of properties for industrial, commercial and residential users.
We also provide supervision and advice on new construction work and on the conversion, improvement, maintenance and repair of existing buildings as well as dealing with dilapidations, wall problems and arbitration in dispute on building matters.
In carrying out affordable housing for the citizens, a research would be conducted in order to; know a cheaper effective means of developing housing within the state.
The ability to create a good partnership with an interested mortgage institution in order to have access to long term loans for the project in view.
Population census, this would enable the government to know the number of middle class and high class citizens of the state in order to know the types of accommodation that would suit there social status.
Housing census would also be very important to the project in view. This would enable the government knows the accurate number of properties and its distribution within the people of the state.
The State Town Planning regulations have to be reviewed to enable the state parades well planned structures within its territory.
It is believed that if government creates the enabling environment as partly outlined, the private sector will certainly take up the challenge to lend to affordable housing which is such a very important index of national economic development that both government and the private sector lenders must work in synergy to successfully deliver on housing to the citizenry.
This is usually part of the Estate Surveyors and Valuers function as project manager but requires further explanation here. It is prudent that before embarking on a property development project, an Estate Surveyor and Valuer should be commissioned to carry out a pre-investment study.
Such a study will determine what is appropriate for a particular site as distinct from determining whether the proposed line of investment is viable. With the Firm’s knowledge of the property market, we are in a position to give advice as to what development the market would accept for a particular site.
Having determined what is appropriate for a site, the Firm will prepare a proper feasibility and viability study after obtaining the inputs of other professionals to determine whether the scheme, as designed, is viable or not.
It is not unusual for such a scheme not to be undertaken or modified thereby saving the investor potential losses.
Other services provided by our firm include; Real estate brokerage which include procuring of Certificate of Occupancy, Governor’s Consent and General Real Estate consultancy services.