When a construction project is about to start in an area, nearby communities usually have negative reactions. You cannot blame them because it is undeniable that such projects may give them inconvenience, discomfort, and even irreparable damages to their area like destabilized soil and pollution.
However, through time, construction companies have already developed strategies to address the inevitable damages their projects usually bring to its immediate community. For instance, since ongoing construction sites commonly trigger soil erosion, many companies design and install erosion controls to limit the portion of soil exposed during the construction. There are times when companies conduct soil stabilization activities. Several companies are also practicing green construction nowadays. This technique involves reducing emissions and other environmental problems a building may cause, not only during its construction but for the whole lifetime of the structure.
Despite the negative effects of these projects to the community, some studies found that construction activities also have benefits for the immediate community, particularly in the economic aspect.
Below are some of the benefits of construction in the community.
What are the Benefits of Construction in the Community?
More structures in the area mean more earnings for the locals and even for the town. For example, a construction company is building 200 family homes in your area. The families who will occupy these homes need goods and services. This means that constructing new properties increases the population of the area, thus increasing the number of consumers which will eventually lead to higher sales for local businesses. Higher earnings of small business may also trickle down to increased salaries of their employees.
In the case of the government, these companies are required to pay fees and taxes even before the construction commences. And when the units are already occupied, building owners still have taxes to pay, so as the tenants. More tax payers entail higher revenue for the local government. This is only in the case of residential buildings. Commercial buildings will surely earn higher revenues for the community as a whole.
This is supported by the 2016 report of the National Association of Home Builders (NAHB), stating that for one year, the construction of 100 single-family homes with an average price of about $370,000 may generate $28.7 million local income and $3.6 million revenue for the local government. For the preceding years, these homes are expected to bring $4.1 million local income and $1 million government revenue annually.
The increased number of consumers in the area brought by new buildings does not only boost the earnings of local businesses. It also will surely urge business owners to hire additional employees to cater to the need of the members of the community. Therefore, more jobs will be created.
For commercial properties, the establishments to occupy the property will likewise pose more employment opportunities for the community.
According to the NAHB report, the 100 single-family homes are expected to generate almost 400 jobs for the community just for its first year. About 70 jobs are likewise expected to be added yearly.
Whenever new buildings are constructed, new roads will also be built. These roads may reduce travel time for the community, thus helping the residents save fuel cost and prevent vehicle depreciation.
These are only some of the benefits of construction in the community. Some other construction companies offer more, depending on their strategies. For instance, ENM Construction Management, a company found by Daniel Greenhalgh, conducts public information meetings to address questions from the general public regarding a project to make sure that the community understands what will happen and how they will benefit from the project.
So if you are someone living nearby a probable construction, you better practice your right to know. Ask questions and dig deeper to see how construction will benefit you and your community.