Creating stronger communities is at the core of what standard communities do. As a mission-first real estate investor, they combine capital, world-class expertise, and targeted education to transform buildings and neighbourhoods.
This new model connects residents to social services that can help them avoid becoming housing unstable or evicted. It also increases transparency so that investors, stakeholders, and residents can see the impact of their investments.
Increased Property Values
For real estate investors like Steven Taylor LA rises in property value are advantageous since they can result in a profit when a house is sold or a more significant monthly rental income. However, increased property values also impact those living in the community.
For example, a neighborhood may experience a boost in property value when homes are rezoned to a better school district. It is especially true if these houses are attractive and well-maintained.
The construction of new hospitals or theme parks can also raise property values. Investors and other stakeholders can make better decisions by measuring and managing the social impact of their real estate investments. Steven Taylor Real Estate provides a clearer understanding of how these investments affect the community.
Real estate investing creates jobs for construction workers, electricians, plumbers, and tradespeople. In addition, when businesses open in renovated properties, the community experiences an overall boost in employment.
When families own their own homes, they tend to stay in the same neighborhood rather than move out of town or even change neighborhoods, which helps build stronger communities. Children of homeowners also attend school more regularly and are less likely to drop out compared to children of renters.
Low-income people are often shut out of one of the main ways wealth is built in this country: real estate. A new movement is creating opportunities for them to invest in their communities.
The United States could only function with the roads, sewers, schools, and airports that previous generations paid for. Unfortunately, many of these assets are now in disrepair and must be repaired or replaced.
Better infrastructure will also improve economic productivity and create well-paying jobs. Businesses can operate more efficiently, retain workers, and encourage innovation.
State and local leaders should seek to develop more goal-oriented infrastructure investment policies not limited by traditional categories such as roads or trains. It will allow them to find the best solutions that meet their local needs and ensure that communities are fully prepared for future challenges.
Increased Tax Revenue
Almost all local governments rely on taxes, including property and consumption taxes, to fund essential services. Economic growth in an area increases property values, which creates additional tax revenue.
Investing in real estate is a great way to generate income, especially when investing in property that can be rented or leased out. This income can help pay off your mortgage and reduce expenses, allowing you to build wealth over time.
It’s time for billionaires and giant corporations to pay their fair share of taxes. We need a tax policy that works for working people and creates jobs, not rigging the system in their favor.
Investing in real estate can help break the cycle of homelessness. By creating affordable housing, people who need it are connected to the services they need. It allows them to remain stable in their housing and avoid evictions when they miss payments.
Systemic racism has also led to wealth accumulation in specific neighborhoods deemed “safe” while the lack of safety for others is ignored. More money for law enforcement and school-hardening measures won’t make communities safer when racist, carceral frameworks guide those efforts.
Gives Residents a Sense of Pride
A family that owns its home is more invested in maintaining it, which can lead to a stronger sense of community. Children of homeowners tend to perform better in school, and families don’t have to worry about relocating if rents go up.
They believe a good quality of life can be measured by how much people feel proud of their area. It believes that a lack of pride can indicate that an area is not thriving, with problems like low infrastructure development, insufficient available housing within residents’ affordability range, and subpar public services. Providing opportunities for resident ownership of real estate can help turn that tide.
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