Improving and renewing established neighborhoods--- through updating existing homes or building new homes to meet the aesthetic and practical function of today's living--- benefits Raleigh by:

• Increasing property values;

• Sustaining the vibrancy of established, aging neighborhoods such as Country Club Hills, Drewry Hills, Coley Forest, North Hills, Sunset Hills, Brookhaven, Anderson Heights and Five Points;
  

• Limiting the demands for new city infrastructure and services by revitalizing older neighborhoods rather than creating additional new neighborhoods;
  

• Rewarding families and individuals on fixed incomes with increased property values, providing a more secure---and predictable---financial future; and
  

• Promoting Raleigh's economy by preserving one of our key employment bases - the residential construction industry and related services - which provides thousands of jobs such as architects, appraisers, contractors, retail stores and many others.