Thursday, October 2, 2014

The Main Aspects of Real Estate Projects That Succeed in Urban Areas

Urban apartment complexes that commonly succeed are located within two miles of numerous supermarkets and coffee shops, utilize renewable sources of energy and are situated near several bus lines. Urban housing can also be attached to sizable parking garages, and these buildings should have ample security.

The Proximity of Parks and Forests

One study indicated that individuals who live in urban areas are much happier if large forests are situated within five miles of their homes. Certain analyses have also shown that the presence of many trees, flowers and shrubs on the property can tremendously improve the well-being of the inhabitants.

Substantial Lighting and Security

In order to reduce crime rates, the hallways and the outdoor areas of the property should be equipped with sizable flood lights. Buttons that are able to notify the security guards of a threat may be installed on light poles and near doors.

Constructing the Roofs

If the new structure is located in an area with a cold climate, the developer should add ice guard underneath all of the shingles. The flashing can also be reinforced by caulk to ensure that rain and snow can not slip through the cracks in the roof of the complex.

The contractors should only install ridge vents on the roofs of buildings that are situated in warm climates. In spite of their many benefits, most vents are made of plastic and are likely to leak during the winter months.

Improving the Roads

Potholes in the driveways and the small streets that are situated on the property can cause severe damage to the vehicles of the residents. Generally, these openings form during the winter because water seeps into the cracks in the concrete and subsequently turns into ice, which rapidly expands. As a result, the holes should be filled during the spring of each year.

Ensuring That the Interior is Warm

Every building on the property can be equipped with especially thick insulation that is made of cellulose, and this material lasts for a much longer period of time than fiberglass. Some studies have indicated that high-quality insulation may lower energy costs by 35 percent.

The Heating System

The vents should be placed near the largest window in each suite in order prevent cold air from entering the room. Certain analyses have proven that as much as 45 percent of the heat from a furnace can dissipate through the sides of air ducts, and to stop the heat from escaping, the contractor should place thin layers of insulation around the pipes.

An Electric Gate

The developer may install a gate that protects the main driveway of the property, and the entrance should be situated near a small structure that contains a security guard. This person will be able to ensure that only authorized vehicles can enter the parking lot.

Recreational Activities

A wide range of studies have shown that individuals who exercise are happier and have more energy than those who are not physically active. The owner should add a small gym and a pool to the complex, and in order to help the residents relax, a hot tub and a sizable lounge may be installed.

The Proximity of Public Transportation

A developer will improve the quality of life of the inhabitants by ensuring that bus stops are located within one mile of the new housing. Some developers even sign contracts with transportation companies that allow buses and vans to pick up residents at the complex. Furthermore, the owner should post the schedules of the buses on numerous bulletin boards that are located in each building. 



The Sources of Energy 


In order to substantially reduce the costs of energy, the contractor may install solar panels, a system that uses geothermal energy or a device that converts the force of flowing water into electricity. The owner should only add a system that produces power by using wind if the equipment can be placed on the top of a building that is substantially taller than the surrounding structures.

The Insurance Policy 

When obtaining an insurance plan, the owner must ensure that the costs of damage that is caused by fires, hurricanes and earthquakes are covered. Usually, the monthly premiums of the policy will be substantially lower if the complex features a fence, contains security guards, is made of fire-resistant materials and is not situated within 250 yards of a river.

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