Real Estate Tip – The Built Environment and Profitability
The term “built environment” is used by advocates who see a connection between architecture and the health, vibrancy and sustainability of our communities. Groups seeking to restore historic and architecturally interesting buildings or encourage historic designs in new buildings also often talk in terms of the built environment. The term connotes a certain sensitivity to the connection between development and its surroundings, whether natural or developed.
How can a sensitive developer, not funded by a foundation, endowment or government program, make these connections in an economically viable project? Some developers believe that building for optimum visual and utilitarian connectivity to natural surroundings requires thought, not money. Other developers seek help avoiding red ink and focus entirely on profit.
For your next project, consider seeking a credential or award from one of the built environment groups. Not only will the requirements help you create a better development, but the credential will attract higher rents and purchase prices. There are many choices, including:
- LEED certification through United States Green Building Council
- Design awards from your local American Institute of Architects’ chapter
- Evaluation by the Social, Environmental and Economic Design Network
- National Neighborworks Association
- The American Society of Landscape Architects
Today’s real estate tip is brought to you by Rick Smith, a LEED Accredited Professional and member of Bernstein Shur’s Real Estate Practice Group and Green Building Team. Stay tuned for more useful tips for real estate professionals.
For more information on the built environment, contact Rick at firstname.lastname@example.org or 603 623-8700 ext. 8829 or 207 774-1200.