While the demolition of commercial buildings is typical, it isn’t always the best financial strategy. Why should building materials be destroyed when they can be put to use while providing benefits to all involved? More and more corporations are choosing deconstruction, from both a cost-benefit standpoint and the impact their decision can have on people and the environment. Deconstruction has a triple bottom line impact: profit, people, and the planet.
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The main goal of any company is to remain profitable and sustainable throughout time. Any decision made by any organization needs to be in line with financial viability. For most commercial clients, demolition produces a costly liability, while deconstruction provides significant tax benefits, making the decision rather straightforward.
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In today’s global market, competition is fierce. Commercial organizations that are focused on reducing their environmental impact are considered leaders in their industry. Today’s consumers are more concerned with long-term ecological sustainability and will choose businesses that align with their ideals. By choosing deconstruction, you are gaining the trust of a whole generation of potential customers.
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The process of deconstruction involves the intentional dismantling and salvaging of building materials. Many deconstruction crews utilize the labor of individuals looking to gain experience in the construction industry. By commercial properties choosing deconstruction, entry-level workers can obtain the knowledge they need to better themselves and support their families.
Green Donation Consultants has worked with countless commercial clients in navigating them through the entire process.
The first step is to choose an approved and qualified 501 (C) 3 charity that accepts building materials that will result from deconstruction. We can assist you in locating an appropriate charity, or you can choose one from the list provided on the official IRS website.
Once you have chosen a non-profit, the commercial property will be deconstructed by a team of contractors. Typically the non-profit will have their own deconstruction team or will be able to arrange a crew of workers to deconstruct the property.
After the deconstruction is complete, you will need to file your return along with a Qualified Appraisal. The IRS requires an appraisal to be made by a Qualified Appraiser for any donation with a fair market value of over $5,000. The donation value can quickly accumulate with commercial properties, so it is crucial that you have an experienced appraiser on your side.