Page 117 - planet_rent

7.4 Budget No. 4 - Operating Income Budget

7.4.1 The operating income budget is a function of facilities provided and resident demand. For example, on
a fully loaded site with 862 residents based on demographic and demand modelling the ‘add-on’
income budget can reach over £300K per annum. The link between development size and facilities is
an obvious one, however, even on unmanned sites setting aside just 1,000sq ft in addition to central
entrance planning can bring forward community scope (see para 1.9, page 6). Even where facilities are
free or being offered as part of ‘all-inclusive rents’ the Busy Living app enables booking, rationing,
reporting and a mechanism to count/plan usage, as well as a method of residents asking others to give
way to them by showing their booking on the app.

7.4.2 The objective of build to rent is ‘to create a rent premium’ through
(a) trendy young design,
(b) service,
(c) creating a perceived lifestyle,
(d) meeting the aspirational need to ‘make it your own’, and,
(e) improving quality of life through events and facilities provided,

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