Similar to an investor, a residential redeveloper is a person who uses real estate to positively impact a community.
Residential redevelopers exist to assess the strengths and weaknesses of a community in order to provide development that will benefit the citizens of that community. The primary goal of a residential redevelopment is to improve the economic state of a particular market, which includes constructing new or remodeling existing homes in the area. The process of residential redevelopment aims to:
- Increase property values
- Create more jobs
- Stimulate community growth and improve citizens’ qualities of life
- Reduce crime rates
- Inspire economic health
- Provide local tax benefits
- Produce more sustainable homes
How A Residential Redeveloper Can Change A Community For The Better
In order to create a stable housing market and economy, residential redevelopers must focus on improvements that will provide a community extreme value over an extended period of time. The best real estate investors will focus less on the profits they make and more on the positive influences they can deliver.
If you want a better understanding of how a residential redeveloper has the ability to change a community for the better, here are some key takeaways: