Increase Revenue; Smart Renovations on Multifamily Housing

The “Wow” factor that makes your multifamily housing community stand out. Creating a property that every prospective renter wants, something they can’t get elsewhere. This may mean a high end walk in closet with an organizing system, verses a standard closet most properties have.

It could also be a unique common area, such as a resort like swimming pool and a great BBQ area. Let your future tenants choose their own color palette. Whatever you can do to really make your multifamily housing community stand out in the mind of your future residents.

Other features that can make your property stand out may include electrical outlets with USB ports or upgraded appliances. The key is to offer something the other properties don’t.

Other upgrades can have operational benefits. This can be LED lighting to save electricity, or making sure your residents feel safe by adding security cameras.

Energy saving smart thermostats and lighting systems, both are attractive to tenants and also save money and energy. Smart locks, allow your renters to let guests in, even when they aren’t home. Motion activated hallway lighting can make your tenants and guests feel safe.

Think about amenities that bring people together as a community. Residents who are happy want to stay longer and have less turnover. Encourage residents to socialize with dog parks, commune cooking spaces, coffee bars, rooftop decks, and community gardens.

Make sure you plan your renovations with intentions

Partnering with the right construction group will build to impress, not only keep your construction costs low while achieving a beautiful architectural design, they will ensure your project is a great success by displaying quality traits such as preparedness, flexibility and awareness.

SWET Construction Group knows all the latest custom details and trends your future residents will be looking for and provide cost-effective, high quality service to save you time and money.