Towns large and small are seeing a need for increased housing and lower housing costs and solutions seem hard to come by. One big way towns can help change the way they look and function is with apartment redevelopment. This process can help revitalize downtown areas, increase housing availability and even reduce traffic in the city center.
Revitalize Downtown
Apartment redevelopment is when an existing structure is redeveloped into an apartment complex. This does not always mean tearing the old structure down, however, as some registered historical sites will just need some minor work that can be approved by the appropriate bodies. Real estate professionals, like Steven Taylor, can help you determine which buildings in your town are the best candidates for redevelopment and turn an unused space into a thriving community.
Increase Housing Availability
Having the right types and amounts of housing is important in any town, especially ones with high rates of homelessness and expensive rental fees. Increasing housing availability is as much about building the right kinds of apartments, condos and houses as it is about making those spaces affordable to live in. An experienced landlord can help set rates which are both competitive and affordable for the area.
Reduce Traffic
Revitalizing your town can help with economic growth while still reducing vehicle traffic in the area. Making it easier to walk to your favorite stores, to work or to activities can reduce the need for vehicles and parking spaces in your town while the savings that your residents see from gas prices frees up more funding to visit struggling stores and entertainment venues.
Apartment redevelopment can help your town, large or small, see a boost in economic growth and a reduction in homelessness. It can also increase housing availability across the board and reduce traffic in the city center.
