Thursday, October 21, 2021

Considerations for Infill Construction

Babak (Bobby) Bagheri is the founder and owner of North Development, located in Bethesda, Maryland. At the company, Babak (Bobby) Bagheri oversees the purchase and construction of single-family residences. The majority of the new construction is infill construction.

Nevertheless, many neighborhoods still contain buildable low - cost lots. For many community development organizations, infill new construction is an important component of a comprehensive strategy. The restoration of the architectural fabric of the community helps to affirm the economic vigor and overall appeal of the neighborhood.

However, cost may be one impediment to new infill construction. Unwillingness of city and state governments to transfer vacant government-owned
properties for redevelopment may present another obstacle. If the cost of rehabilitation exceeds the replacement cost of an equivalent three bedroom house, it’s time to consider new construction. In general, renovation is not cost-effective unless it is performed in a disciplined, selective way or unless gut renovation is feasible. If the housing stock begins to deteriorate beyond a certain percentage, say 25 percent, it is very likely that new construction can be accomplished at a lower per unit cost with a more modern layout.

Wednesday, October 6, 2021

Maryland Building Industry Association Advocacy

Babak (Bobby) Bagheri, a real estate developer, owns North Development in Bethesda, Maryland. Babak (Bobby) Bagheri studied political science and history at Case Western Reserve University in Cleveland, Ohio. He is currently a member of the Maryland Building Industry Association.

A core mission of the Maryland Building Industry Association is advocacy. Representing the home building industry in city halls, county court houses and the state capital, MBIA works to keep its members informed on regulatory issues as well as serving as a trusted information resource for public officials. On your behalf, MBIA fights restrictive legislation and regulations that are detrimental to the housing industry. MBIA staff is only a phone call away with information about new regulations, codes, laws or industry concerns.

Each year, MBIA’s Government Affairs team sifts through thousands of bills at the county and state level to analyze the potential impact on the industry.

Their lobbyists go to work building coalitions, meeting with legislators, testifying at hearings, generating grassroots messages to elected officials, and organizing rallies.

As a result, industry positions are heard loud and clear and legislators take their concerns seriously and work with them to compromise. Often times their work prevents flawed policy from being introduced or passed, or they advocate for revisions to proposals to eliminate a negative impact on their members.

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Property Appraisal in Real Estate

Experienced real estate developer Babak “Bobby” Bagheri founded North Development in 2020. Babak Bagheri monitors everything from architect...