Written by Breck Hapner
These days, although many investment categories are seeing large market volatility, developers are benefiting from aligning their ventures with artworks that enhance the value and staying-power of their holdings. This attracts buyers and raises the prices of surrounding real estate.
To be competitive in the real estate market, architects, builders, and developers are now focusing on commissioned private and public bluechip contemporary art installations. This is a prominent part of the process of designing new projects, whether for enhancing a particular luxury development, or to add appeal to the real estate of a designated area or region.
In today’s real estate developments, art is no longer an afterthought, but an integral part of the experience, becoming a standout attraction. Incorporating art has become a hot commodity used to spark current real estate valuation and emerging property revitalization. This brings in discerning buyers and tenants capable of adding enfranchisement to residential, commercial, and geographic developments.
Art resonates with high-purchasing demographics, adding significant weight to buying decisions. Developers realize that private and public art generate livable neighborhoods and meaningful spaces. These are not only profitable, but add community culture that illustrates the desirable lifestyle imparted to local residents.
As always, stay tuned to Haven for further home real estate development articles and insights.