Complementary building for housing cooperatives
A lot of housing cooperatives have unutilised lot space, which can be developed to fund, for example, a significant portion of an upcoming plumbing renovation project and create value to all members as the general aesthetics of the entire area improves. As a partner for housing cooperatives, we can handle the complementary building for housing cooperatives as a turnkey solution.
Through Lapti’s Profit from Lot service, the housing cooperative can receive a reliable estimate on their ability to add further construction on their lot, in addition to an experienced manager for the construction project.
The value of the area will increase through supplementary construction and maintain its appeal
By utilising an undeveloped section of the lot, demolishing a wing in poor condition or a building in the yard creates valuable area on the lot that can be utilised to build even a small apartment building. In addition to value growth, supplementary construction also brings new residents to the area and modernises and diversifies the area. It brings new users for the services in the area and also maintains the public transport services. Supplementary construction is the best guarantee to maintain the appeal of an area.
Supplementary construction also benefits individual members of housing cooperatives. The housing cooperative gains a direct benefit from the sale or leasing of the building permit, which can be used to pay for up to half of the plumbing renovation planned for the housing cooperative. On the longer term, the entire housing cooperative’s value increases if new construction is to take place next to it.
Supplementary construction may include
- new construction to a portion of the lot that was not being used
- partial demolishing, which is used to demolish a wing of the building that is in bad condition and a new one is to be built to replace it
- supplementary construction with full demolition, where a larger development is built to replace the demolished building.