Top Adding - Real Estate

If you just bought a new home or will be selling your current residence you may be thinking about doing some remodeling. Regardless of whether you bought or are selling you want to keep in mind getting

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

the best return on the dollars you invest in your remodel. A good Realtor with a lot of experience in your area should be pretty good at advising you which remodel will get you the best return on your

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

investment.

The Quickie, 3-5 days - Sometimes it only makes sense to do a quick clean up of the surfaces in a home, I call this the quickie. It should take only a few days to complete. Paint everythi

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

ng-- if you have old seventies cabinets or anything else that dates the property paint them too. Shampoo the carpets. If you can't get the stains out replace them. If you own a property with bad pet sm

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

ells you will want to seal the cement or plywood floors. Floors like this are porous. If you replace the carpet without sealing the floor the odors will return. Not too many homes on the westside of Lo

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

s Angeles have old oak hardwood floors. If they do, you can refinish them or, depending on the cost, replace them or put some throw rugs down.

After painting and cleaning up the carpet situation, repl

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

ace all the old knobs and hinges (don't forget to do the hinges) with brushed nickel/stainless steel and or chrome hardware. Try not to keep any old hardware that has paint on it. It looks cheap and r

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

ntal-like. And finally, change out all the old wall sockets and switches to new white plastic ones. It will surprise you by just how much better your property will look. About a month ago I listed a co

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

ndo that was in terrible shape-- really bad. We did a "quickie" and the place sold in the first few days for about 10% ($60,000) more than what a half dozen other Realtors thought it was worth. People

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

remarked on how well the seller had kept the place up. Cost $2,000-6,000 (with exterior painting it will be more)

The Moderate, 7-12 days - This includes everything I wrote about in the "quickie" with

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

just a few more touches. You keep your cabinets but replace the kitchen counter tops with granite. There are pre-fabricated granite counters that are manufactured in places like China in 8 x 2' pieces

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

with bull-nose edges and six inch back splashes that are very inexpensive. You keep the cabinets in the bathrooms but replace the old outdated tile, linoleum or carpet on the floors with travertine ti

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

les.There was a time when travertine was about $10 a square foot. You can now find very good quality travertine tiles for around $3.50 a square foot. Take the old shower/bath combo doors off and replac

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

e with a new frameless door available at home depot for under $400. You can also just use a stylish curtain. Anything is better than an old cruddy 1960's or 70's shower door. Cost $6,000-15,000

The Co

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

plete, 1-24 months - If you are doing a complete remodel, it is best not to skimp on quality. In other words, avoid doing any of the things recommended in the Moderate and Quickie. On the westside of L

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

os Angeles you will get a much better return on a complete remodel if it is done high end. This means quality, exclusive finishes like Caesarstone quartz countertops, exotic woods, expensive tile, high

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

end brand name appliances like Viking and working with a designer or using your own well-developed aesthetic. Everything is of course relative, you probably won't put a Viking range in a 600sf condo,

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

but you should certainly put one in a 2500sf house. It's the difference between a polo shirt without the logo and with the logo-- people pay more for the logo. $35,000-200,000

As a real estate agent I

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

have seen a lot of remodeled properties. One person will have spent $150,000 for a remodel that doesn't look as good as another person who spent $60,000. I am not exaggerating. There are ways to do th

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

ings that will save you a lot of money. In two weeks I will be publishing a column on how to save money, not on how to cut corners, but how to avoid the common mistakes that people make when remodeling

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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