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Real Estate Development: Building Renovation


The Course Will Teach You to

Course Objectives
  • What is the highest and best use of the site (tear it down and start over, donate to the city, etc.)?
  • What are the benefits (state and federal) of and steps to placing a building on the historic register?
  • How to determine if the property is located in an opportunity zone and what does that mean for the property?
  • What incentives are available through the local municipality to help with renovation?
  • How do I forecast the financial benefits (or lack thereof) of a potential renovation?

Course Description

Course Description

Older buildings offer character, charm, and legacy value to a community. However, due to economic forces and functional and physical obsolescence, buildings today typically have a useful life of 30 to 40 years. Enter, the sixth stage addressed in The CCIM Institute's Development Specialty Track, building renovation. This course empowers you to turn your depreciated real estate asset into a profitable opportunity.

Continuing Education (CE) Disclaimer

CE credit for courses by The CCIM Institute is granted through local commissions and national governing entities. It is available on a state-by-state basis for broker and sales real estate renewal as well as select appraisal and finance renewals. Our state approval schedule is updated on a monthly basis. 

If you have questions, please email

Learn about CE requirements and courses available in your state

To obtain CE credit, during course registration you must: 

-Purchase CE credit for each course that needs CE credit or you will not be able to access the CE certificate through your CCIM My Account.

Before the course starts:

-Complete your The CCIM Institute profile with your CE license information under the Professional Licenses tab in My Account. Enter the license type, number, state, and expiration date.

Please Note: All forms and requests must be submitted within 3 days of the course completion to ensure it complies with state requirements and deadlines. If forms and requests are not submitted within 3 days, your CE will not be processed.

If your real estate commission requires it, you must pass the course with the qualifying score.

Tech Requirements
Tech Requirements

This course may require the use of a laptop or desktop computer with full Excel capabilities. Mobile devices, like iPads, tablets, and cellphones, will not run The CCIM Institute's macro-enabled spreadsheets.

PC: Microsoft Office 2000 or higher is necessary to run The CCIM Institute macro-enabled spreadsheets.

Mac: Mac versions of Microsoft Office 2004, 2011, 2016, or 365 are required to run The CCIM Institute macro-enabled spreadsheets.

Browser: The CCIM Institute courses are optimized for use with the Google Chrome web browser

Course Tuition
Member Price
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Realtor Price
For Realtors®
Non-member Price
For Non-members
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Course Details and Register Start Date Format
Online August 26, 2024 Online - Instructor Led Register
Online December 3, 2024 Online - Instructor Led Register
Getting Started in Commercial Real Estate?

"It's a wonderful time to be new in commercial real estate ... and certainly organizations like The CCIM Institute can help train someone in the industry" - Jay Olshonsky, President of NAI Global