If you are a new housing developer, the planning stages of your next project are vital. There’s a lot to consider before you get started, and we thought we would take a look at some incredible tips today.
Choose your location
The location is everything when it comes to building any home, let alone a large housing complex. And, things can be a little different depending on whether you want to rent out your homes or sell them to home buyers. In general terms, the more amenities you have around your housing development, the more people you can attract.
That said, housing developments often keep space aside for commercial retail. If there are no shops or services around, it might be worth including some plots for businesses to start up in the area. You may even find you get some grants from the government if you decide on this route.
Create the space
Most housing developments go through a lengthy design period. They will need to be cleared at a state level, so make sure they look as professional as possible. Plan the development to fill your boundaries as much as possible, and you will improve your returns.
However, try to avoid cramming too much into your development, as you might risk attracting home buyers or renters.
The ideal tenants
You also need to tie in the location to the needs of your ideal tenants. You can build an apartment block to rent for students in almost any area, of course. But, the likelihood is you will be more likely to fill it if you are in a central location with access to local pubs, clubs, and restaurants.
On the other hand, if you want to attract first time buyers who are planning a family, you should be looking for other options. Somewhere with access to play parks and good nurseries would be ideal in this case.
It’s all well and good creating boundary-to-boundary buildings. But there are a lot more considerations you need to think about. You will need to make sure your roads are wide enough for cars to travel down comfortably. Street lighting columns for residential locations are also essential, for your residents’ security.
You should also think about creating enough green space for your residents to enjoy. If you want to attract families, you can consider play parks, for example. The main thing to remember is to give your residents somewhere attractive to live.
Want to make your housing complex a little more premium? Then consider adding in facilities for residents to use. Apartment blocks can benefit from bike stores, gyms, and even swimming pools. If you are going for housing developments, then the shopfronts we mentioned above can work well. The main thing is to investigate what is in the surrounding area and identify anything missing. This way, you can give your residents exactly what they need.
We hope you have enjoyed this post on how to plan out your next housing development project. Good luck with the build – and let us know how you get on!