Naismiths’ role in providing professional advice and expertise to a wide range of clients, including developers and investors, has led to a string of impressive results in the residential property sector.
With our key skills in streamlining processes, drawing up feasibility studies, managing budgets and timelines, procuring the right contractors and overseeing building work and subsequent maintenance, clients are confident their projects are in safe hands at every stage.
We harness the in-depth knowledge of our residential property and construction experts in our three main complementary service streams: project monitoring, building consultancy and business restructuring and advisory.
How Naismiths supports the residential sector
With the property sector employing more than 12 million people and contributing £1.7 billion to UK GDP each year, there are huge real estate investment opportunities in this ‘foundation block’ of our economy and its prosperity.
Our Naismiths consultants understand the real estate landscape nationally and regionally and can offer bespoke strategic guidance to funders and investors on a range of investment projects.
From new build housing schemes and apartment conversions to major purpose-built student accommodation (PBSA) schemes, there are significant investment opportunities in the residential market, both nationally and regionally.
Our experts will safely guide each project to a successful and cost-effective conclusion through our core data-led services:
Project monitoring in the residential sector
As advisors to funders, developers, banks and investors since 1963, Naismiths has a deep understanding of the complexities involved in high-finance residential schemes, whether creating new apartment developments or carefully managing heritage projects.
We relish the challenges of converting older building stock into residential schemes, managing the procurement, design and planning process from start to finish and planning detailed refurbishment and remodelling work.
With demand for student accommodation developments growing at pace, we are uniquely placed to understand the current trends in that sector, such as innovative communal spaces for gaming or watching films, smart bathrooms with automatic devices, and quiet break-out zones.
Our project monitoring service supports residential construction schemes of all types and sizes through:
- Project coordination and monitoring
- Budget control and financial analysis
- Technical solution advice
- Property valuations for insurance reasons
- Managing property portfolios
Building consultancy services for the residential sector
Each step of a building’s development, from acquisition surveys and contract negotiations to the design process and creating preventative maintenance plans, is carefully scrutinised. Our chartered building surveyors, quantity surveyors and project managers can:
- Act as the employer’s agent or lead consultant to give a full overview
- Manage the design team and liaise with architects and planning consultants
- Take the lead on project management and quantity surveying
- Focus on the sustainability aspects to ensure energy-saving operations
- Deal with the planning process and permissions
- Oversee tender and contract negotiations and sign-off
- Agree budgets and realistic timeframes, with an order of cost
- Appoint contractors ready for the start date
- Use our in-house mechanical and electrical engineering consultant team
- Continuously review the work in progress
- Co-ordinate materials and resources
- Identify and assess necessary design changes
- Identify and tackle potential issues
- Use our heritage expertise when developing historic and listed buildings
- Regularly report progress and cost updates to all stakeholders
- Ensure the work is completed to the required high standards
- Draw up a detailed analysis of the final outcomes
Our building surveying skills target each stage of the project through:
- Compliance and condition services in ongoing occupational compliance and annual services and structural maintenance
- Technical due diligence (TDD) and vendor due diligence (VDD) – in both pre-acquisition and disposal stages, alerting purchasers or vendors to potential risks in this active investment market
- Planned preventative maintenance – identifying costs and timelines for regular maintenance work for schemes such as a block of apartments
- Reinstatement cost assessments – evaluating costs for insurance or management purposes of buildings and portfolios
Building surveying in the residential sector
Our restructuring and advisory services offer expert insights and solutions for the residential market. Our services include:
- Insolvency and turnaround
- Technical due diligence (new and existing, M&A, MBO, company health checks)
- Distressed developments, assets and portfolios (re-finance, build out, LPA receiver, enhanced monitoring)
Restructuring and advisory for the residential industry
Our restructuring and advisory services offer expert insights and solutions for the residential market. Our services include:
- Insolvency and turnaround
- Technical due diligence (new and existing, M&A, MBO, company health checks)
- Distressed developments, assets and portfolios (re-finance, build out, LPA receiver, enhanced monitoring)
