Pilot project for individualised living
The real estate service provider Markstein supports the new housing model iwo and is cooperating with Unique Real AG in the first pilot project. Together, they want to offer future first-time tenants the opportunity to individualise their home.
The Felivita development with 39 rental flats and 44 floor units is being built in a good location in Bachenbülach.
Felivita consists of seven building units with different owners. The Vertina Investment Foundation is one of them, participating in the project with 26 rental flats. These units are offered with the iwo residential model.
An exciting project! There are seven months left for marketing, after which the flats will be completed for individualised occupancy. Individualised living is offered in this project as an alternative to condominium units. The tenants will be able to design the interior of their rental flat according to their own preferences, similar to home ownership.
There are three different design lines to choose from. The basic lines can be combined with each other and floor coverings, kitchen fronts or bathroom tiles in different materials or colours can be selected. As an option, for example, the choice of a shower toilet or an upgrade of the kitchen appliances is offered. The digital configurator guides the future tenant through the selection process and directly reflects the additional costs incurred for the individualised rental flat.
The additional costs incurred by selected “upgrades” are borne by the tenant and will be invoiced prior to commencement of the tenancy.
In mutual interest, a long-term rental contract is concluded for five years. To ensure investment protection, tenant-side renewal options of five years will be agreed, which can only be terminated by the tenant.
The developer is convinced that iwo will create added value for tenants and investors. The improvement of the offer for tenants leads to more sustainability and stability in the joint contractual relationship, which in turn reduces the maintenance costs to the benefit of the investors.
The target group is prospective tenants who want to live in the development for the long term. Typically “best agers”, but of course also families or other settled groups of people.
Markstein is responsible for marketing the entire project. The start of letting is scheduled for May 2023. Occupation of the rental and condominium flats is in autumn 2024.