Locality, Locality, Locality – the catch cry of real estate agents everywhere.
But does this only apply to buildings or is it equally important to areas within a development?
When planning a development, during the concept process the question will be asked “What can we do with the roof top?” Most properties are developed with the intended occupiers in mind and the space on the roof can offer scope for leisure areas, green space or casual dining areas and depending on locality – some amazing views.
There can be plenty of space on the roof and if it can be utilised, why waste the opportunity?
There are some initial decisions to be made and factors to be considered:
- For a winter climate, the addition of a fire place can be welcoming; however this does come with the added issues of insurance notifications.
- For a sundrenched climate, moveable furniture to cover either shade or sun areas is advantageous. Also the latest outdoor turf varieties can be an attractive addition to a rooftop area.
- Storage areas are also very useful as some furniture will need to be secured in high wind periods.
The current trend within the property development industry is to install green spaces, including green walls. The issues of access to water, waterproofing podium beds and maintaining these areas still remain, however the market is addressing these issues as more developments see green spaces as a necessary environmental inclusion that attracts prospective owners.
If the foot print is large enough, a roof top dining area can be an option in consideration with the relevant authority’s approval. A retail area may be established to provide the owners and public with a casual or formal dining space with the potential for high cityscape views that roadside competitors cannot match.
Whatever the development, there are options to suit it and achieve a successful outcome. Never underestimate the potential of views to assist with selling the property – no one can quantify the price of a particular view, or know for sure what a purchaser will pay to have it!