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How Upgrading Properties Benefits the Community | Lane Lowry | Opportunity Zones & Real Estate Development
a How Upgrading Properties Bene ts the Community by rmontalvan | Jan 4, 2021 | lane lowry, Real Estate Development
Throughout 2020, many people have moved away from cities and sought more suburban communities to live. There is extraordinarily high demand yet limited inventory. Because of this, coupled with the fact that mortgage rates are at an all-time low, realtors have seen a consistent seller’s market. As the COVID crisis begins to fade away, communities are now looking forward to forging ahead with new beginnings as they replenish themselves alongside their new neighbors. Human beings are social creatures. After a long year of hibernation, people are relishing the chance to upgrade properties and social guidelines in a way that bene ts everyone. The focus will be on sustainability, local businesses, and energy e ciency. One of the advantages of being in the real estate industry is that you have a deep connection with your local area and can provide a unique insight into what it needs. It’s a perfect opportunity to motivate people to tackle public beauti cation projects like parks and community gardens. Round up the local artists to paint a mural on a blank concrete wall. The more people are personally involved with a project, the more pride they will feel, and https://lanelowry.us/how-upgrading-properties-benefits-the-community/
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How Upgrading Properties Benefits the Community | Lane Lowry | Opportunity Zones & Real Estate Development
the harder they will work to maintain it. The improved facelift will attract more businesses, will help the community, as well. In addition to the communal changes, there is also a bene t when remodeling local private homes. Attractive properties will attract a particular class of buyers. These are the same people who will be putting money back into the local economy, which bene ts the community enormously. Remodeling goes beyond the general DIY projects such as curb appeal. To help the planet and reduce CO2 emissions, people will eventually turn to energy-saving solutions. Solar panels used to be too expensive for the average consumer to consider, but they are now economical and cost-e ective. Geothermal heat is also a real solution in today’s modern times. The average homeowner will reclaim the initial cost after a few years. EnergyStar appliances and home insulation projects reduce a person’s electric bills through e ciency. The decrease in utility bills means more discretionary income so spend within the community.
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