CEDAR OAK PROPERTY GROUP
Transforming Spaces Creatively
What we do when converting commercial buildings into residential homes
Converting commercial properties to residential use can be complex, as it often involves working within the limitations of the original building’s structure. Additionally, timelines can be affected by the need for local government approvals, the scope of renovations, and changes in property market conditions.
Through these steps, we transform the space to create a safe, comfortable, and attractive residential environment from what was once a commercial property.
When we are considering a project to convert from commercial properties into residential homes, we undergo a multi-step process to ensure the project and building is suitable, desirable, and legally compliant for residential use. This process involves both strategic planning and extensive research.
Here’s an overview of the steps typically involved:
1. Feasibility Analysis and Planning
Market Research: We will assess the demand for residential properties in the area and study market trends to determine what types of homes, apartments would be most attractive to potential buyers or renters.
2. Legal and Planning Approvals
Planning Changes: Many commercial properties are not designed for residential use, so we will apply for planning changes or special permits to ensure the project is viable.
3. Design and Layout Modification
Reconfiguration: The building’s layout is redesigned to create residential units with considerations for optimal space utilization, privacy, and comfort.
4. Structural and Interior Renovation
Structural Modifications: Dependant on the proposed design we may need to adjust floor plans, add windows, or even remove portions of the structure to suit residential needs.
5. Compliance with Health and Safety Standards
Fire Safety: Installation of fire alarms, sprinklers, and emergency exits to meet residential building codes.
Ensuring compliance with accessibility standards, such as ramps, elevators, and accessible bathrooms.
6. Marketing and Sales Strategy
Targeted Marketing Campaigns: Prior to the development completion we will launch a sales and marketing strategy to attract buyers or renters, emphasizing the advantages of the newly converted residential property.
7. Property Management and Ongoing Maintenance
Property Management Services: In some cases, especially if the development is rental-based, the company may establish a property management service for maintenance, leasing, and resident support.