Understanding and leveraging proximity can create value in unexpected ways. When we teach an AI agent to understand this concept, it opens up a whole new dimension of possibilities, especially when analyzing and comparing lists of properties.
The Intelligence of Proximity
Every piece of data we gather adds intelligence to the development of our software. When it comes to proximity, it’s more than just knowing what’s near or far. Depending on the type of project, the relative adjacency of certain elements can become critical. It’s about interpreting the importance of location in the context of the property and its surroundings.
Common Proximity Assets
The most apparent assets for proximity are educational institutions, particularly schools. Imagine the inconvenience of a multifamily housing project located an hour away from the nearest school. It’s not just a matter of distance; it’s about understanding the lifestyle and needs of potential residents.
Similarly, parks, restaurants, and other public amenities play a crucial role in residential development. These elements contribute to the quality of life and can significantly impact property values. AI’s ability to analyze and understand these aspects can offer insights that human intuition might miss.
Unconventional Proximity Indicators
While schools and parks are common considerations, some less obvious factors can be equally insightful. Properties owned by Real Estate Investment Trusts (REITs), for example, can be an intriguing data point. If a REIT has invested in a particular area, it might indicate an underlying potential that is worth exploring.
Low Income Housing Tax Credit (LIHTC) funded projects are another fascinating indicator. They signal where affordable housing projects are, shedding light on areas that meet particular social and economic criteria. AI can spot these trends and opportunities with efficiency, helping developers make more informed decisions.
More will be revealed,
Deepblocks is state-of-the-art data-driven software that utilizes artificial intelligence to identify the best investment opportunities. Deepblocks digitizes zoning data with precision and provides a comprehensive understanding of city-wide development capacity down to the parcel level. Our GIS-like interface seamlessly integrates demographics, economics, construction activity, crime, ownership, and race to deliver rapid market and site selection capabilities, saving time and effort. Whether you’re a developer, investor, or real estate professional, Deepblocks is the ultimate tool to make informed decisions and stay ahead in the industry.
Learn more: https://www.deepblocks.com/