If you are worried about the existing housing crisis in the United States, you aren’t the only one! Some people have become homeless for not being able to pay the house rent. And the pandemic has aggravated this situation. Also, a considerable section of the labor force population has shifted to rural and remote locations, searching for a house that they can pay for. But even though they have a roof above their head, they live in poor conditions.
The government has been taking much effort to remedy the United States’ housing crisis. There have been several funds that got sanctioned as well. Even the concerned authorities have acquired the land rights to commence affordable housing projects. One of the best ways to approach and resolve this problem is to convert the unused and distressed hotels into low-cost accommodation units for the workforce population. Since the hotels are already developed in the form of living units, transforming them into the shape of an apartment will not be a challenging task. However, there are specific ways to go about it.
The essential factors to keep in mind
Maxwell Drever says that several hotel owners have recently handed their properties to the developers to get them converted into an affordable housing unit. Before going ahead with the conversion, it’s essential to keep note of a few things. The following pointers can help:
- Evaluating the property and its potential
Hotel owners need to realize whether they can put their hotels to any better use or not. And for that, they need to check whether the hotel has a scope to come back to business in the future. If not, then it’s best to get it converted into a low-cost housing unit. Also, the hotel owners should evaluate the property’s worth and value before getting into any financial dealing with any investor and other parties. It will enable hotel owners to better negotiate.
- Connecting with expert architects
Converting a hotel into a low-cost housing unit needs correct planning. And it is essential to pay heed to the architecture as well. Usually, a hotel has a great set-up. Only an expert architect can transform it so that it looks basic and practical, like a low-cost housing unit for the workforce population. The conversion should take place so that it keeps the aesthetics in place and doesn’t compromise on the quality of the housing unit.
- Get the necessary repairs and renovations
Today, several old hotels are getting converted into low-cost housing unit. These hotels are a century old and also haven’t been in use for a long time. Hence, it’s wise to get in touch with a property inspector and get the hotel examined for any faults that might need repair. It is also essential to make the necessary renovations.
Maxwell Drever says that these are essential factors that should be considered while converting a hotel into a low-cost housing unit for the workforce population.