If you’re a property owner or manager in the Bay Area, you may be eyeing seismic retrofit requirements with some hesitation—especially when it comes to cost. But here’s the truth: a seismic retrofit is not just an expense—it’s an investment in your building’s future.
At Connor Daly Construction, the founder breaks down the cost into four clear categories: “Measuring the building, engineering, permitting, and construction.” But the key message he drives home is this: “We’re able to subtract from the cost with our experience and knowledge”.
That savings begins with construction strategy. For clients with limited budgets, Daly offers a highly cost-effective approach: “We’ve developed a retrofit approach that allows us to avoid using steel or new concrete and just come in with wooden shear walls”. This solution brings buildings up to code for a fraction of the cost typically required by more invasive methods.
But it’s not just about cutting costs—it’s about long-term value. Daly urges clients to consider the economic upside of retrofitting: “A retrofit can be seen as an investment in your building versus an expense, because you are looking at long-term savings”.
Here’s how:
- Disaster Resilience: “When the eventuality of an earthquake does happen… the buildings that have been seismically retrofit and brought up to code are not going to need to be repaired or demolished”. That means your property continues to generate rent and avoids downtime.
- Continued Occupancy: “The goal is after an earthquake, the building is able to continue servicing as normal… tenants can continue to live there. Rent will be paid”.
- Insurance Savings: “If you complete a retrofit, you can get a significant discount from the California Earthquake Authority on your earthquake insurance”.
- Cost Recovery: Daly points to Oakland’s capital pass-through program: “You are able to pass through a percentage of the capital cost as a rent increase over the next 10 years”.
As Daly summarizes: “It’s an investment in your building not only in the physical state of the building right now, but also in the financial cash flow of the building moving forward”.
Want to turn your retrofit into a long-term asset instead of a liability? Let Connor Daly Construction help you design and build the most cost-effective seismic retrofit possible.
If you’re a property owner or manager in the Bay Area, you may be eyeing seismic retrofit requirements with some hesitation—especially when it comes to cost. But here’s the truth: a seismic retrofit is not just an expense—it’s an investment in your building’s future.
At Connor Daly Construction, the founder breaks down the cost into four clear categories: “Measuring the building, engineering, permitting, and construction.” But the key message he drives home is this: “We’re able to subtract from the cost with our experience and knowledge”.
That savings begins with construction strategy. For clients with limited budgets, Daly offers a highly cost-effective approach: “We’ve developed a retrofit approach that allows us to avoid using steel or new concrete and just come in with wooden shear walls”. This solution brings buildings up to code for a fraction of the cost typically required by more invasive methods.
But it’s not just about cutting costs—it’s about long-term value. Daly urges clients to consider the economic upside of retrofitting: “A retrofit can be seen as an investment in your building versus an expense, because you are looking at long-term savings”.
Here’s how:
- Disaster Resilience: “When the eventuality of an earthquake does happen… the buildings that have been seismically retrofit and brought up to code are not going to need to be repaired or demolished”. That means your property continues to generate rent and avoids downtime.
- Continued Occupancy: “The goal is after an earthquake, the building is able to continue servicing as normal… tenants can continue to live there. Rent will be paid”.
- Insurance Savings: “If you complete a retrofit, you can get a significant discount from the California Earthquake Authority on your earthquake insurance”.
- Cost Recovery: Daly points to Oakland’s capital pass-through program: “You are able to pass through a percentage of the capital cost as a rent increase over the next 10 years”.
As Daly summarizes: “It’s an investment in your building not only in the physical state of the building right now, but also in the financial cash flow of the building moving forward”.
Want to turn your retrofit into a long-term asset instead of a liability? Let Connor Daly Construction help you design and build the most cost-effective seismic retrofit possible.
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