© Evan Vucci/AP/Shutterstock Joe Biden in Cleveland

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One of the Biden Administration’s top priorities is getting an un-gutted version of the president’s $2.3 trillion infrastructure plan through Congress. Doing so would be a major achievement for the president, but it could wind up being an even bigger win for the country’s real estate investors.

If infrastructure spending is music to investors’ ears, $2 trillion worth would be symphonic.

The plan is currently miles away from the finish line, and a recently released counteroffer from Republicans would greatly diminish its impact.

But a deal that leaves even a fraction of the current infrastructure plan in place could mean a boom in real estate prices — and big money for real estate investors.

What’s in Biden’s infrastructure proposal?

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The biggest-ticket item in Biden’s infrastructure bill is the $621 billion he wants to spend on improving roads, bridges and various forms of public transit.

Better roads and bridges would give companies better access to consumers. That could lead to new businesses — and new jobs — popping up in certain parts of the country, which may drive housing demand. New public transportation options often have the same effect.

Biden’s proposal would also provide $213 billion for building, renovating and retrofitting 2 million homes and housing units, with the upgrades being paid for with grant programs. The president is also pushing for the passage of the Neighborhood Homes Investment Act, which would offer $20 billion in tax credits to developers and investors to build or renovate approximately 500,000 owner-occupied homes.

Corey Burr of TTR Sotheby’s International Realty says Biden’s plan will benefit anyone wants to make money by investing in real estate “if the program actually targets worthwhile improvements to airports, roads, bridges, railroads, pipelines, water security, the electric grid and internet.

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'All of these actual infrastructure investments will make the quality of life in America better and will, by extension, make real estate more valuable.”

How infrastructure spending helps investors

Video: Cramer on infrastructure talks and Biden's $6 trillion budget proposal (CNBC)

Cramer on infrastructure talks and Biden's $6 trillion budget proposal

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When they say real estate is all about “location, location, location,' it’s not just a reference to the amenities a property is near today, but what it might be close to in the future — a new highway, a new rail yard, a new university campus. The evolution of a neighborhood, or of an entire small city, sometimes needs infrastructure spending to get the ball rolling.

And it’s not just a matter of new parks, schools or subway stations attracting residential tenants willing to pay higher rents. Infrastructure spending is huge for commercial real estate, too.

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A joint study by the Urban Land Institute and EY found that traditional infrastructure spending on utilities, transportation and telecommunications is the most important factor when it comes to influencing commercial real estate and development decisions.

Any infrastructure spending-triggered increase in commercial real estate activity would also help residential investors. The same elevated economic activity that boosts commercial real estate demand should lead to job growth, which often prods both housing demand and rent values in the right direction.

“Investing in actual infrastructure for America should be welcomed by all real estate owners and investors,” Burr says. Best games to craft for real money.

Will Congress kill the kill?

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To pay for all this infrastructure investment, Biden has suggested returning the top individual tax rate to 39.6%, increasing the corporate tax rate from 21% to 28% and almost doubling the capital gains tax rate from 20% to 39.6%.

Those moves would eventually generate more than $1 trillion in revenue, but th