How can you ensure your Real Estate Development project is resilient to future changes?

it's crucial to conduct thorough market research, consider location-specific factors, anticipate regulatory changes, and ensure strong financial planning. By aligning these elements with your long-term vision and commitment to transparency, you can mitigate risks and build projects that withstand future changes, contributing to your mission of making a meaningful impact on the housing ecosystem.

Track and analyze potential risks in future changes which include future demand such as demographic shift, decrease in net migration, and decrease in population (especially population of target age group). Analyzing the number of building permits that are issued for new properties that could be potential competitors to your project is also crucial, as it's an important measure of future supplies. You can also track climate risk factors such as flood zone, earthquake possibility, recent wildfires, air quality, and tornado/ hurricanes by using government sources such as the Federal Emergency Management Agency, USGS, NOAA, and National Weather Service.

In my experience, growing concerns about resilience to climate change, safety and indoor air quality creating an environment for purpose and passion edge that is not always an affordable option to what markets are offering. By using historically passive concrete in new ways buildings gain smarts in climate resilient zero carbon buildings edge. No need for new technology or new skills or higher costs from the start. One such example is applying basic building science principles of using concrete for year round thermally Rechargeable Buildings. They include climate change, natural disasters, pandemics, regulatory changes and most importantly competitive pressures.

Imagine a Real Estate Development project as a sturdy bridge. Just as a bridge needs to withstand varying loads, weather conditions, and unforeseen challenges, a resilient project should be designed for flexibility. The project's structure should act as a robust bridge, capable of adapting to changing circumstances while providing a stable and secure path towards its goals.

Think of sustainability as the project's foundation, just like a strong and durable base supports a skyscraper. By integrating eco-friendly practices, renewable energy sources, and environmentally responsible materials, you create a project that not only reduces operational costs but also aligns with evolving environmental regulations and market preferences. Sustainability acts as a solid anchor, ensuring that your project can adapt to changing standards and environmental challenges, making it more resilient in the long run.

By fostering strong connections and communication with the community, investors, and local authorities, you create a resilient support system. These relationships provide valuable insights and cooperation, making the project better prepared to respond to future changes effectively. In essence, stakeholder engagement fortifies the project's resilience.

You can employ various tools and strategies, such as sensors, dashboards, benchmarks, and audits, much like a factory uses machinery and quality control processes. These tools provide real-time data, like monitoring the production line, allowing you to compare your results with industry standards. You can then make necessary adjustments, similar to recalibrating machines to optimize efficiency, quality, and profitability. This continuous monitoring and feedback loop ensure the project can adapt and thrive amidst future changes, much like a cutting-edge factory adapts to evolving production demands.

1. Think about where the market (and the world) is heading over the next 5-10 years 2. Understand the key drivers of these changes 3. Figure out what is applicable to your project 4. Design the project around the key drivers (i.e. apartments that can be amalgamated, smaller floorplates, higher incentives, etc.) 5. Run a feasibility analysis / financial model to see the implications of these likely scenarios (send me a DM if you need help with this) 6. Get comfortable with a worst case, base case and best case scenario. Raise enough equity to act as a buffer.