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Himavant Kurnala
  • Investor
  • Bothell, WA
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Blueprints for a old property

Himavant Kurnala
  • Investor
  • Bothell, WA
Posted Mar 25 2017, 08:12
I purchased a commercial property in Kentucky. I did not get the blueprints from the seller. I need the blueprints for cost seg study. Is there any other way I can get the blueprints from city or any other source? The cost seg study company is quoting me $4k for cost seg if I have blueprints. If I dont have they are charging me $9k. Appreciate any guidance.

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied Mar 25 2017, 09:13

Maybe with the permitting dept who issued the construction permits.

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Paul Caputo
  • Cost Segregation Specialist
  • Naperville, IL
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Paul Caputo
  • Cost Segregation Specialist
  • Naperville, IL
Replied Mar 25 2017, 14:08

That's crazy. It doesn't cost $5K to recreate blueprints. How big is the property and what is it? Have you gotten a second opinion? Because that doesn't make any sense. You have to be careful with cost segregation because of the lack of uniformity in the industry. 

If you don't have blueprints the construction engineer should be able to recreate the blueprint after doing the site survey. Does it make sense to you that recreating some drawings would more than double the cost of the study? 

It would absolutely be extra work and take some time to do the drawings leading to a higher cost, but that sounds ridiculous. 

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Himavant Kurnala
  • Investor
  • Bothell, WA
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Himavant Kurnala
  • Investor
  • Bothell, WA
Replied Mar 26 2017, 09:03

It is 10,000 sq ft property. Do you have any recommendations for blueprints? Appreciate any guidance.