Ask Away Blog: The Benefits of Redevelopment for Established Communities

The Benefits of Redevelopment for Established Communities

Tuesday, November 12, 2019




Apartment redevelopment, which is when new construction is created on a site that has a pre-existing purpose, offers an array of benefits for well-established, older communities. From more diverse housing options to improved amenities and sustainable and modern designs, redevelopment is usually a positive process for everyone involved.

If you aren’t sure what this process has to offer, keep reading. Here you can learn about the specific benefits offered by apartment redevelopment.

Inclusiveness and Design

With apartment redevelopment, like what is offered by Steven Taylor, a Landlord, ensures that older, outdated, and subpar buildings are updated with a more modern look and style, similar to the other buildings and homes in the area. It also helps ensure that the building creates a connection and a smooth transition to residential areas, roads, pathways, and bordering parks.
 
Evaluate the Areas Short- and Long-Term Needs
When redevelopment is done properly, it provides the opportunity to take an in-depth look at the community’s long- and short-term needs. From increasing the housing options to providing more tailored services, retail spaces, possible green spaces, community gathering areas, and more, the redevelopment delivers a winning scenario to the community and the developer.

Improved Safety
When redevelopment of apartments is done properly, it helps to improve the safety around and in the building. This is achieved with new lighting, better access points, and wider sidewalks. Also, the redevelopment process considers vehicle traffic, pedestrian use, and more and how this has changed since the initial construction of the building. The end result is a location that is updated to reflect and cater to these changes.

The Redevelopment Benefits

As anyone can see, apartment redevelopment can be an extremely beneficial process for any building, regardless of size or location. The key is to find a landlord who is interested in making this investment for the betterment of residents and the community.


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