When You Create Room For 10,000 New Homes, You Are In The Zone

Finding a way to solve a real estate challenge and being among the "first in" to solve it work hand in hand. Let's give credit to a group in Illinois for pointing out how reducing lot sizes in and around municipalities could produce an additional 10,000 homes per year while making them more affordable. The below linked story details many of the subject locations.

 

Other states are taking action in different ways, such as California and Washington approving legislation allow for more ADUs (Additional Dwelling Units) to be constructed within existing residential parcels.

 

Part of the challenge is that zoning changes don't happen overnight. However, a proposed change in progress is a lot more efficient than having nothing on the table. There are plenty of possibilities for real estate developers, builders, investors, contractors, and lenders from these possibilities. Many of them are currently struggling to uncover future business while taking it one project at a time.

 

Being "first in" on an opportunity like these takes even more than pursuing legislation or an ordinance. It takes doing the right research. Knowing that "right here" on the map is where we would build as soon as the ordinance passes is a strong approach. For example, you get behind the proposed zoning change for (name of town), but you already have the research and cost estimates for parcels on Oak Street. Identify the best opportunities for your business and then pursue changes.

 

Let your competition continue to sit around hoping their phone will ring and wait for zoning matters to pass without planning anything specific. My team and I can help you do that! 

 

https://www.illinoispolicy.org/illinois-cant-afford-to-miss-out-on-10000-extra-homes/