{"id":241,"date":"2008-07-18T16:17:18","date_gmt":"2008-07-18T16:17:18","guid":{"rendered":"https:\/\/bhgrealestateblog.com\/?p=241"},"modified":"2024-12-30T14:54:38","modified_gmt":"2024-12-30T19:54:38","slug":"financing-the-new-real-estate-office","status":"publish","type":"post","link":"https:\/\/bhgrecareer.com\/bebetterblog\/financing-the-new-real-estate-office\/","title":{"rendered":"Financing the New Real Estate Office"},"content":{"rendered":"

Posted by Nicolai Kolding<\/strong><\/p>\n

On\u00a0July 3rd<\/a>, I proposed three floorplans for a residential sales office.\u00a0 I’ve taken all of the comments that followed into consideration and\u00a0would like to offer up just one more plan:<\/p>\n

<\/a><\/p>\n

\"marcs-house1\"<\/a><\/p>\n

Marc Diaz and Marc Davison<\/a> each had some great suggestions.\u00a0 “Marc’s House” (boy did I get lucky they each have the same first name) has a second washroom, workspace up front, and a conference room brought forward from the back wall.\u00a0\u00a0Taking to heart comments on environmental branding, my\u00a0Better Homes and Gardens response is to furnish the office appropriately and expand the\u00a0kitchen a bit.\u00a0 Imagine the buzz in your office as people gather around sharing ideas over homemade lasagna<\/a>!\u00a0 Thanks for all the feedback; I think we together came up with something pretty cool.<\/p>\n

For any broker considering any of these ideas, a thorough weighing of\u00a0all of the benefits and risks is probably in order.\u00a0 To help get this started, I created\u00a0a simple spreadsheet<\/a> (to save and edit it yourself, click on the link\u00a0at the top-right of the page that opens).\u00a0 Here you can input your costs (reconfiguring the space; buying new technology, furniture, and appliances; and other capital expenditures) together with the benefits (most notably, the reduced lease cost).\u00a0\u00a0There’s also a placeholder for any anticipated change in production (do you think this move will draw more traffic to you?\u00a0 will you\u00a0attract new agents?\u00a0 will you lose any?).\u00a0 It all builds to a calculation of your projected ROI and payback period which I hope is helpful to to anyone seriously considering this.<\/p>\n

__________________<\/p>\n

What are some of the objections you foresee and how can they be responded to?\u00a0 One I’ve heard already is that\u00a0most agents want a dedicated workplace they can call their own – space is needed, especially\u00a0for paperwork and personal belongings.<\/p>\n

One response I propose is to incorporate tasteful lockers or cubbies for safekeeping (noted as “C” in my drawing) while allowing everyone to hang personal photos around the office.\u00a0 I think doing this adds to the idea of a relaxed, open, and conversant\u00a0office which would benefit consumers and agents alike.<\/p>\n

Clearly each agent and broker has to weigh whether or not this makes sense, but I urge all to think beyond the immediate future.\u00a0 There is tremendous pressure on the model as it exists today.\u00a0 There is simultaneously an opportunity for a rebirth of the real estate brokerage\u00a0that could ensure its long-term viability.\u00a0 The floorplans I’ve proposed are meant as one part of a fairly substantial DNA change.\u00a0<\/p>\n

I welcome any and all comments.\u00a0 Whether you agree, disagree, have made a similar change, or not.<\/p>\n

Finally, if you missed the chance to send in your drawings last time please email me<\/a> and and I will post them here.<\/p>\n","protected":false},"excerpt":{"rendered":"

Posted by Nicolai Kolding On\u00a0July 3rd, I proposed three floorplans for a residential sales office.\u00a0 I’ve taken all of the comments that followed into consideration and\u00a0would like to offer up just one more plan: Marc Diaz and Marc Davison each had some great suggestions.\u00a0 “Marc’s House” (boy did I get lucky they each have the […]<\/p>\n","protected":false},"author":181,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[181],"tags":[4921,15041,29711],"class_list":["post-241","post","type-post","status-publish","format-standard","hentry","category-real-estate","tag-blueprint","tag-floorplan","tag-office-design"],"yoast_head":"\nFinancing the New Real Estate Office - Better Homes and Gardens Real Estate Be Better Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bhgrecareer.com\/bebetterblog\/financing-the-new-real-estate-office\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financing the New Real Estate Office - 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