When a major construction project begins in a neighborhood, some community members are excited, while others are unhappy about the changes and uncertainty that lies ahead. We know that a changing skyline, disrupted traffic patterns, and construction noise can be uncomfortable for those living in an area under construction; however, there are many reasons to embrace development in your neighborhood. Here are five.
- Job creation
Construction projects are job-generators. And we’re not just talking about jobs in the construction industry. Whether it’s a shopping district, hospital, or hotel, the finished building will continue to provide jobs for the community. And that is absolutely a good thing.
- Home values
Speaking of jobs … more jobs coming into your community means more people will be seeking to move there. This increase in demand could mean an increase in home value, and that’s something all homeowners can get behind. Additionally, new construction often draws new businesses that are attractive to homebuyers, such as cafes and movie theaters.
- Tax revenue
Development generates tax revenue for local communities for decades to come. For local residents, this tax revenue will help your community thrive, providing better schools, roads, and parks.
- Infrastructure
When construction begins in your community, you may have questions about what happens to nearby throughways. Will streets become overwhelmingly crowded? How will you get home now? How the heck does this traffic circle work? Developers want the finished project to be successful, and that means a careful analysis of infrastructure, including traffic implications. So, while there may be changes, this careful review of your neighborhood infrastructure may generate improvements, like better roads and public transportation.
- A bright future
No one wants to develop an area that doesn’t have the potential to be successful. So, if you see construction in your neighborhood, that means a lot of thought, planning, and money went into it, because the developers see it as an area with potential.
Compass Group’s mission is to establish the trust and confidence of our clients as a preeminent provider of land development, design-build, and other construction services for the commercial, industrial, religious, and residential/multifamily markets. We achieve this with our commitment to delivering superior service and ensuring our clients receive a quality finished product. Contact us today if you’re interested in building something together.
Topics: construction industry
