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Investment Updates

Monterey Investment Update: October 2017

Framing is coming to a close & New team members!

Now that framing is coming to a close, we have switched general contractors to a local builder with over 20 years of experience in Monterey. The new general contractor identified some framing errors from the previous builder and is in the process of correcting them before calling for a framing inspection. Approval of the roof design took longer than expected due to the strict HOA guidelines. Construction has begun on the retaining wall on the southeast side of the property, where the driveway will be. Although we have lost some time on this project due to last winter’s heavy rains and the more recent framing corrections and HOA issues, we expect to make up some of this time in the months ahead. The local real estate market continues to show strong buyer demand and pricing remains firm.

Approval of the roof design took longer than expected due to the strict HOA guidelines. Construction began on the retaining wall on the southeast side of the property, where the driveway will be. Although we lost some time on this project due to last winter’s heavy rains and the more recent framing corrections and HOA issues, we expect to make up some of this time in the months ahead. The local real estate market continues to show strong buyer demand and pricing remains firm.

 

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