“Glazed balconies can also provide additional useable space for occupants, space which can be used for a variety of purposes, such as gardening, exercising, or dining,” he adds. “This can increase the functionality of the property and improve its appeal to potential buyers or renters.” Thus, Henry reiterates, glazed balconies can increase the value of a property, “making it more attractive to potential buyers or renters, and resulting in higher profits for construction industry professionals.” In addition, from the perspective of construction industry professionals, it’s also worth noting that Lumon’s glazing system means giving buyers and renters a better product without impacting the gross floor area. Henry explains why that’s important: “Cities always look at the gross floor area. If you increase the living space of a unit, they’re typically going to charge you higher development fees. But our product is not a sealed system, so the balcony remains a balcony, it doesn’t count as living space. There are other systems out there that are sealed, and then that impacts the gross floor area, and developers usually don’t like that.” THE CONSTRUCTION SOURCE CANADA
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