When you’re looking to buy or sell a building, there are many factors that can affect its value. Location, design, and size all play big roles, but one aspect that often gets overlooked is the type of construction. One common construction method is called joisted masonry, and it can have a significant impact on a building’s resale value.
In this blog, we’ll explain what joisted masonry is, how it affects your building, and why it matters when it comes to selling your property. We’ll keep things simple and easy to understand, so by the end, you’ll know exactly how this construction type could influence the price tag on your building.
What is Joisted Masonry?
Let’s start with the basics: what exactly is joisted masonry? This type of construction involves using masonry walls, usually made of brick, stone, or concrete block paired with wooden joists to support the floors and roof. The walls are solid and strong, while the wooden joists provide the structure for the inside of the building.
In simpler terms, think of a building with thick, sturdy walls and wooden beams holding up the roof and floors. This type of construction is common in many commercial and residential buildings, especially older ones, but it’s still used today.
Why Does Joisted Masonry Matter for Resale Value?
Now that you know what joisted masonry is, let’s dive into why it matters when it comes to the value of your building. Several key factors can either raise or lower the resale value of a joisted masonry building. Here’s a closer look at the main ones:
1. Durability and Strength
One of the biggest advantages of joisted masonry construction is that it’s incredibly durable. The masonry walls, made from brick or concrete, are very strong and can stand up to wear and tear over time. These materials are also resistant to pests like termites and can hold up better in extreme weather conditions compared to wood-only buildings.
Buyers often look for buildings that are built to last, so the durability of joisted masonry can make a building more attractive. If the walls are in good condition, the building may seem like a safer and more reliable investment. This could increase the building’s value when it comes time to sell.
2. Fire Resistance
Another important factor is fire resistance. Buildings made with joisted masonry are generally more fire-resistant than wood-framed structures. The thick masonry walls can help prevent fire from spreading, which adds a layer of protection to the property.
From a buyer’s perspective, this makes the building less risky. Some insurance companies even offer lower premiums for buildings with joisted masonry construction because of their better fire resistance. Lower insurance costs can be a selling point and could raise the overall value of the building when buyers compare it to other properties that don’t offer the same level of safety.
3. Maintenance Costs
While joisted masonry buildings are strong, they aren’t maintenance-free. Over time, the wooden joists can weaken or decay, especially if they are exposed to moisture. Regular inspections and maintenance are necessary to keep the building in top shape.
This can be a downside when it comes to resale value. Potential buyers might be concerned about the upkeep costs, especially if the wood is showing signs of wear. If the wooden joists need repair or replacement, this could lower the building’s value. Buyers might see it as an extra expense they don’t want to deal with.
However, if the building has been well-maintained and the wood is in good condition, this shouldn’t be a major issue. In fact, it might even boost the value if buyers see that the current owner has taken good care of the property.
4. Energy Efficiency
Energy efficiency is a growing concern for buyers today. Buildings that are energy-efficient tend to sell for higher prices because they save owners money on utility bills. How does joisted masonry affect energy efficiency? It depends.
Masonry walls are typically very thick and offer decent insulation, which can help keep the building warm in the winter and cool in the summer. However, the wooden joists may not provide the same level of insulation as modern construction materials. Depending on the age of the building and the condition of the wood, joisted masonry buildings might not be as energy-efficient as newer structures.
If you want to improve the energy efficiency of a joisted masonry building before selling, you could consider adding extra insulation or upgrading windows and doors. These improvements could make the building more attractive to buyers who are looking for long-term savings on energy costs, potentially increasing the resale value.
5. Aesthetic Appeal
Many joisted masonry buildings have a classic, timeless look. The brick or stone walls can give the building a sturdy, traditional appearance that some buyers find appealing. This can add to the building’s charm and boost its resale value, especially in neighborhoods where historic or older buildings are in demand.
On the flip side, some buyers may prefer more modern buildings with sleek designs. If the joisted masonry building looks dated or in need of renovation, this could hurt its value. However, with a little effort, you can improve the appearance of the property. A fresh coat of paint, new flooring, or modern fixtures can help make the building feel more updated and appealing to a wider range of buyers.
6. Building Codes and Regulations
In some areas, joisted masonry buildings may need to meet certain building codes or regulations. For example, the wooden joists may need to be inspected regularly for safety reasons, or there may be rules about how the building must be maintained. These regulations could be a concern for some buyers, especially if they add to the cost of owning the building.
Before putting your joisted masonry building on the market, it’s a good idea to make sure it meets all local building codes and regulations. Being upfront about this with buyers can help avoid any surprises during the sale process and can help maintain or even increase the building’s value.
Final Thoughts:
To sum it up, joisted masonry construction has both pros and cons when it comes to resale value. On the positive side, the strong masonry walls offer durability, fire resistance, and a classic look that many buyers appreciate. These factors can help increase the value of the building.
By understanding how joisted masonry impacts the value of your building, you can make informed decisions that will help you get the best price when you’re ready to sell. Keep your building well-maintained, highlight its strengths, and take care of any issues before listing it on the market, and you’ll be well on your way to a successful sale!