Unique & Unconventional
Real Estate Developments
From Courtroom to Court
On the fifth floor of the Supreme Court building, there is a gym with a basketball court, known as “The Highest Court in the Land,” located literally above the Supreme Court’s courtroom.
Unique amenities, such as a basketball court, provide significant value to the lives of the people working in the building while enhancing a property’s appeal and desirability.
Commercial property management for unique amenities can be complex. Due to the expected wear and tear, regular inspections are essential to ensure that the basketball court (and the rest of the property) are well-maintained. Safety standards, such as maintaining flooring, lighting, and equipment, must be rigorously upheld to prevent on-site injuries.
With effective property management and a proper understanding of the intricacies of maintaining and managing a property with unique features, the enhanced property value and tenant satisfaction can provide a substantial real estate investment return.
The basketball court is used by clerks and justices and adds a humanizing touch to the otherwise formal institution of the Supreme Court.
Why land at the airport when you can park your plane right at home? The Jumbolair Aviation Estates in Florida can even accommodate large aircrafts such as the Boeing 747.
Residential Runways and Airplane Parking
“Fly-in communities,” or “airparks” are residential communities designed for aviation enthusiasts, where residents can park their airplanes in their homes. These communities have private runways, allowing residents to take off and land their planes directly from their homes. These homes are built with attached or adjacent hangars, allowing for spacious aircraft storage and maintenance.
Investment Potential
For real estate investors, airparks can be a lucrative opportunity to tap into a niche market with specific and affluent buyers and tenants who value convenience and exclusivity. The shared interest in aviation fosters a strong sense of community, which enhances the property desirability — driving up the demand and value.
Before investing in an airpark property, a few considerations include initial costs for purchase or development, ongoing maintenance costs, and ensuring regulations and compliance.
Explore the fly-in airport communities in the US.
Residential Runways and Airplane Parking
“Fly-in communities,” or “airparks” are residential communities designed for aviation enthusiasts, where residents can park their airplanes in their homes. These communities have private runways, allowing residents to take off and land their planes directly from their homes. These homes are built with attached or adjacent hangars, allowing for spacious aircraft storage and maintenance.
Investment Potential
For real estate investors, airparks can be a lucrative opportunity to tap into a niche market with specific and affluent buyers and tenants who value convenience and exclusivity. The shared interest in aviation fosters a strong sense of community, which enhances the property desirability — driving up the demand and value.
Before investing in an airpark property, a few considerations include initial costs for purchase or development, ongoing maintenance costs, and ensuring regulations and compliance.
Why land at the airport when you can park your plane right at home? The Jumbolair Aviation Estates in Florida can even accommodate large aircrafts such as the Boeing 747.
Secret Apartment With a View
Gustave Eiffel, the engineer behind the Eiffel Tower, received many extravagant offers from people wanting to spend just one night in this exclusive apartment. His selectiveness in who could stay at the apartment only heightened its fame and desirability.
This is a great example of how building a reputation of exclusivity can increase a property’s value, and when these principles are applied to modern-day rentals, they can drive up leasing rates alongside maximizing your rental income and therefore increase the property value.
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Last updated on 6/17/2024