Urban Renewal Plans have arrived in Israel's urban areas, with countless new projects transforming the city's appearance. Before embarking on the renewal process, it's important to understand what to expect during the process and how to navigate it successfully. Read the complete guide to urban renewal.
In an era where the demand for housing in city centers is increasing, urban renewal plans offer a comprehensive solution that balances housing needs with an improvement in quality of life. Alongside municipal plans for strengthening buildings, such as the soon-to-end Tama 38, demolition and reconstruction projects are leading the way for change, offering opportunities to renew streets and neighborhoods, improve transportation networks, and even raise the quality of community services, commerce, leisure, and education.
However, despite all the advantages, it's important to remember that this is a complex process, both bureaucratically and operationally. Therefore, it's recommended to have a professional body by your side to help manage the project in the best way possible – a company with proven experience, reliability, and, just as importantly, financial strength. So, how can property owners best leverage their asset?
Teamwork Matters: Every Renewal Starts with Collaboration
In any long-term project, it is crucial to have people by our side that we can trust. Proper organization of the building's residents can make all the difference. In fact, the success of the project largely depends on the cooperation of the property owners. Therefore, before committing to a developer, it's advisable to convene a residents' meeting where all options are discussed, and a representative body is elected.
💡 Important tip: Organization
Hold an initial residents' meeting
Appoint a representative body agreed upon by all על כולם
Record all decisions in the protocol
Maintain direct communication and transparency in every decision
Is Someone Protecting Me? How to Safeguard the Guarantees
One of the main concerns for property owners considering entering the process is, of course, financial security. How can I be sure that the developer will deliver the apartment as promised? And what guarantees does the developer provide? Israeli law requires the developer to demonstrate various financial guarantees, and it is common today to request a separate guarantee for the payment of rent for the temporary residence. Additionally, ensure you receive a Housing Law Guarantee that ensures the completion of the new apartment. This acts as an insurance policy that protects your investment.
⚠️ Guarantees
Request a Housing Law Guarantee
Ensure receipt of a rent guarantee
Check the validity of the guarantees
Consult with a lawyer
How to Choose a Developer?
Choosing a developer is one of the most important decisions in the urban renewal process. Beyond financial strength and proven experience, it is important to evaluate additional factors: First, check the company's project history – how many projects have been successfully completed? What is the feedback from residents in previous projects? Second, examine the proposed technical specifications and ensure they meet the highest industry standards. Additionally, assess the professional team and check whether the company provides experienced and available professionals to assist you.
✅ Choosing a Developer
Check previous projects
Ask for recommendations from residents
Review financial reports
Verify registration with the Contractors Registrar
Choosing the Right Strategic Partner
In times of financial uncertainty and concerns over the stability of development companies, a good reputation plays a central role in choosing the executing company. BSRE is one of the leading companies in Israel, with extensive experience and long-term financial strength. The company has expanded its activities in the field of urban renewal and is in various stages of clearance and renewal projects throughout the country. Rova Kahlul offers a company with solid financial stability, strategic long-term financing solutions (What are financing solutions for tenants), and serves as a reliable partner for implementing urban renewal processes.
Holistic Approach to Urban Development
In order to ensure the success of the project, it is important to understand the operational approach of the development company. The business model of Raba Blue Real Estate is based on three key principles that contribute to creating a complete framework for the residents:
1. Community Approach: This includes personal guidance for residents throughout the process, provided by a dedicated team of social coordinators.
2. Sustainable Planning: The company places a special emphasis on the principles of neo-urbanism and the creation of sustainable urban spaces that will improve the quality of life for residents.
3. Comprehensive Professional Framework: Raba Blue Real Estate’s operational model incorporates leading professional advisors in the fields of planning and regulation.
In conclusion, urban renewal is an opportunity to enhance and upgrade the living environment and quality of life, and it also promises a better future for future generations. With the right tools, chosen professional partners, and efficient organization, you can be part of Israel's urban revolution. Now is your time to take part in shaping your future.
