Repurposing Old BuildingsOctober 24, 2019
Trends in apartments change every year. One recent change allows the repurpose of older buildings into modern, popular living spaces. Here a reasons why you should consider an industrial chic apartment.
Close To the Action
Developers like Steven Taylor choose to redevelop spaces like these because they are close to the heart of the city. This is the part of the town where the nightlife, theater, and restaurants are located. A Landlord could see success with a property such as this, however they will need to carefully consider where the building is located and how much work will need to be done.
A Unique Take
These days, when a new, modern apartment building is built, it takes on the same look of those also constructed recently. Repurposing an older building allows you to add a different look to a building already unique to others. Leaving the brick of the outer building exposed instead of covering it with drywall gives an appealing look to an apartment, especially when contrasted with steel and glass. Using the bones of an older building leaves many options available for different room schemes. You might want to work with an architect to weigh out all of the options available to you.
Adapting an old industrial building can save money in the long run. Many of these properties come with tax credits since you are purchasing a revitalizing a structure that may have sat dormant for a long time. Since you are avoiding starting from the ground up, you will save construction costs from having to build a structure from scratch. You may have to spend extra to insulate the walls and update wiring and plumbing. However, installing energy efficient lighting and fixtures as well as making the most of natural light can make this more affordable for you in the long run.