Understanding the Commercial Restoration Process

  • By Jeremy Thompson
  • 01 Sep, 2012
Disasters, by their nature, occur suddenly and the building owner/management is often left confused about how to handle the situation or what to expect. This week we continue our blog series on commercial property restoration. J. Thompson Restoration specializes in reconstruction during a disaster recovery. We can oversee the entire project, when a client requests […] The post Understanding the Commercial Restoration Process appeared first on J. Thompson Builders.
Disasters, by their nature, occur suddenly and the building owner/management is often left confused about how to handle the situation or what to expect. This week we continue our blog series on commercial property restoration .
J. Thompson Restoration specializes in reconstruction during a disaster recovery. We can oversee the entire project, when a client requests it, or come in only for the reconstruction portion.
Here’s what a typical restoration process looks like from beginning to end:
Initial phone call & visit:After the initial phone call to the damage restoration company, the company you select should acquire all crucial information, which may include photos of the damage, video documentation, and a completed customer questionnaire.
Mitigation Services:Mitigation services, when the damage restoration company comes on-site, should commence as quickly as possible, within a couple hours or at least within 12 hours.
Action Plan:The disaster restoration company should provide an action plan and provide you with a formal work authorization contract, after they assess the damage.
Communication & Walk-throughs:The disaster restoration company should communicate as often as daily how the project is proceeding, and seek your approval for any changes in the initial action plan. Throughout the project you may be asked to be present at various walk-throughs to ensure you are happy with the progress. Any unplanned changes or additions to the scope of the work requested by the customer results in a change order and may include a processing fee.
Additional Services You May Require as Part of the Restoration Process:
During the restoration process the disaster restoration company should provide additional services to ensure a complete disaster recovery.
Content Restoration:Specialized equipment and cleaning methods can restore contents of your business to their previous condition. Disaster restoration companies use a variety of methods including dry cleaning, wet cleaning, abrasive cleaning and gentle cleanings with light mist sprays for delicate items.
Document Recovery:When documents become damaged it’s critical to preserve the document before any further damage occurs. Through air drying, vacuum thermal drying, dehumidification, freezer drying and vacuum freeze drying, disaster restoration professionals can sometimes restore the documents and minimize further damage.
Equipment Cleaning:Equipment cleaning often involves electronic cleanup. Restoring electronics typically involves immediate action, before acids in smoke residues corrode the metal or water permanently seeps into the equipment. Professionals can often restore televisions, computers, appliances and other equipment. It is important never to turn on electrical equipment after it’s exposed to water or smoke; allow a qualified electronics technician, usually employed by the disaster restoration company, to inspect the equipment first.
Procurement & Replacement Services:The disaster restoration company should have resources available to procure and replace products such as furniture, décor, and equipment. In addition your business may require custom products as available in our custom fabrication shop, J.T. Unique .
Next time look for our final blog covering what you need to know/the important aspects of cleanup and restoration, including prevention.

J. Thompson Builders Blog

By 7052540976 15 Nov, 2017
Some of these considerations may not be in the forefront of your mind, but there is a long list of aspects you need to consider when building a new home. These should help to get you started thinking about some of the most important pieces of the home building process.
By 7052540976 15 Oct, 2017
This home is being built with our client’s specific wants and needs in mind. The homeowner
requested a single family home with a modern contemporary house design. Previously, he lived
in a townhome and desired a more private, spacious residence. A main floor living with a large
space to entertain and big volume ceilings were a must on the client’s list.

The client decided building as opposed to finding a pre-existing home was a better solution for
him because he wants something specific to his needs. He already had the perfect location in
mind and it was time for him to own his dream home.

The area is ideal for this client because it allows him to live in close proximity to his hobbies and
interests and it also allows him the ability to walk to nearby restaurants or bike to the
surrounding shops. This homeowner will be close to everything. He truly loves the location!
The design concept picked is pictured below. In sticking with a contemporary influence, the
design has clean, simple lines that will result in an extraordinary modern home. We combined
elements of residential and commercial materials and design to bring our client’s unique requests to life.
By 7052540976 15 Sep, 2017

You decide that you are ready to build a custom home for you and your family. Now it is time to figure out how to finance your dreams!

Let’s start with the basics. As with any loan process, do your research. Talk to several mortgage companies that specialize or have a strong understanding/history of working with construction loans. Ask questions and voice your concerns. Companies of course want your business, but they also want to make sure they are a good fit for you and what you are wanting to accomplish. Reviews and referrals are strongly regarded these days. They want to make sure you have the best experience possible.

There are several main differences between a construction loan and a regular existing home loan. An individual construction loan may require a longer credit history  or a higher credit score as well as more money down and along the way. It is more of a process, but it is most certainly worth it. With the right builder, the more involved process becomes a piece of cake; but, that is an article for another time.

Home loans can have a 30 year term whereas a construction loan typically has a max of 1 year. “The rates on this type of loan are higher than rates on permanent mortgage loans. To gain approval, the lender will need to see a construction timetable, detailed plans and a realistic budget, sometimes called the “story” behind the loan,” as reported by  bankrate . While your home is being built, it is typical to make interest-only payments. 

If you are thinking, “I don’t have enough money to pay off a newly built home in 1 year!” Don’t panic.

A popular option is the construction-to- permanent financing sometimes called “one-time close,” a “single close,” or an "all-in-one" loan. Upon completion of construction, the remaining loan balance is converted into a permanent mortgage with terms up to 30 years. Like most loans, “the rate and other terms of the permanent mortgage are set up-front when the entire loan package is closed” according to the  National Association of Home Builders .  Construction/permanent loans are offered by many different lenders, including banks and mortgage companies and are a great option for those of us wanting to finance their home purchase over an extended period of time.

Another option is a stand-alone construction loan. This type of loan can be beneficial if you currently own your home and want a smaller down payment option.   Read more about stand alone construction loans.

There are many different loan options. What makes sense for one person doesn’t make sense for everyone. Make sure you find the right product for you and your particular project. If you want to talk over some options, contact us! We would love to hear your ideas and figure out how we can build your dream home.

View our work , read our reviews on Houzz.com , and visit our Facebook page to get inspired!
By Jeremy Thompson 01 Aug, 2017
Your home should work for you, your family and the way you live. Sometimes a new custom home isn’t the answer yet. When you need to maximize the space in your current home, find clever ways to make your space more usable by maximizing storage in unique ways. Platforms add additional space and a new […] The post Clever Remodeling Ideas to Maximize Storage Space appeared first on J. Thompson Builders.
By Jeremy Thompson 15 Jul, 2017
The internet puts an incredible amount of information at your fingertips. Why would you not take advantage of it to get home remodeling advice? Often it isn’t created by experts in the field. Here are 3 remodeling myths you may have read or heard about and the truth you need to know to understand how […] The post 3 Remodeling Myths and Tips appeared first on J. Thompson Builders.
By Jeremy Thompson 01 Jul, 2017
With more and more people working from home or taking at least the occasional “work from home” day, the home office has become an essential part of a home plan. Even if you don’t work from home ever, the home office is still a great area to work on creative projects, store important files, or […] The post Designing a Home Office: Increasing Productivity, Inspiring Creativity appeared first on J. Thompson Builders.
By Jeremy Thompson 15 Jun, 2017
We’ve offered you lots of advice over the years about building a custom home. Here is a condensed version of some of the most important tips to follow. Get on the fast track to planning your new custom home! 7 Tips for Building a Custom Home Pay attention to your subdivision covenants. Yes, these are […] The post Building a Custom Home: 7 Quick Tips appeared first on J. Thompson Builders.
By Jeremy Thompson 01 Jun, 2017
Whether building a house or undertaking a remodel you have the opportunity to design your house to suit your tastes and needs. There are many flooring options available, each with unique characteristics and design. Since flooring is a long-lasting part of the house it is important to choose the right floor for each room that […] The post 5 High-Quality Flooring Options Available for Your Home appeared first on J. Thompson Builders.
By Jeremy Thompson 15 May, 2017
Building a new home is an exciting time, filled with anticipation and satisfaction as you watch your vision come to life. However, it can also be a little overwhelming when you’re unfamiliar with some of the technical terms. To help remedy this we’ve defined a few of the custom home building terms you may hear […] The post 5 Key Terms to Understand in Custom Home Building appeared first on J. Thompson Builders.
By Jeremy Thompson 01 May, 2017
Whether you’ve just unpacked your first box or you’ve been living in your house for years, chances are there’s something about your home you’ve desired improving. However, before beginning a project there are a few key home remodeling terms you should become familiar with. Understanding these terms will help you navigate conversations with your remodeling […] The post 6 Key Home Remodeling Terms to Understand Before Beginning a Project appeared first on J. Thompson Builders.
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