As a real estate investor, you could be involved in the purchase, ownership, maintenance, and rental/sale of a property all in the same day. The ultimate goal in this hard work is typically making a profit. Without accurate information about a property, this can be hard to do. But that’s where laser scanning and BIM technology come in.

As a real estate asset manager, an accurate and up-to-date portfolio is vital to your success. It’s your responsibility to oversee the financial success of the real estate assets of your clients. If the information in your portfolio is out of date or inaccurate, you leave yourself open to a variety of risks and missed opportunities. And if you’re basing decisions off of cost per square foot calculations, it’s very important that you really know how many square feet you’re working with. Luckily, 3D laser scanning and BIM documentation can help you manage your assets more effectively than ever before.

Since 1997, Existing Conditions has measured and documented an estimated 200 million square feet of space for architects, engineers, building owners, and real estate professionals. We use 3D laser scanning technology to gather millions of data points that can be used for many things, including building information modeling (BIM). This information has proven to be invaluable for several industries as it currently stands, but what does the future hold for BIM?

Building information modeling (BIM) and laser scanning has several uses in a variety of industries, including architecture, engineering, construction, and commercial real estate. With this data on hand, professionals have the reliable, realtime information about a property or structure. But in order for this technology to be useful, it needs to provide a great deal of accuracy. And not every laser scanner provides the necessary accuracy for important projects.

Working in real estate development can lead to a lucrative career. But with major financial investments comes a significant amount of risk. Luckily, 3D laser scanning can be used to mitigate much of the risk for professionals throughout the real estate development lifecycle. All projects rely on accurate existing conditions to serve as the foundation. If the foundation is built to exacting, high quality standards, our clients have the advantage.

With precise 3D as-built drawings, you have an accurate depiction of what a building looks like now, as opposed to how the building was originally designed. Why does this matter? As it turns out, there are almost always significant differences between the two. There are also several reasons you need accurate existing conditions documentation for your building that we’re going to share with you today.