Recent research has found multi family housing has a relatively low risk, while having strong returns. High return on investment has apartments outperforming other types of investments.
The newest research from National Multifamily Housing Council Research Foundation (NMHC), studied a large variety of commercial properties and found that apartments not only outperform other types of asset classes, they also stand the test of time.
“Over the last three decades, apartments have become a desired asset class among both domestic and foreign real estate investors because of their strong returns coupled with relatively low risk,” said Mark Obrinsky, NMHC’s Chief Economist. “Despite the different characteristics of apartment, office, retail, and industrial properties, one might expect competitive markets to reduce, even eliminate, the higher risk-adjusted returns on apartments. This research finds that not to be the case, however.”
It is not mystery why some multifamily housing are more rentable than others. Older apartments, those showing their age and haven’t kept up with today’s amenities, aren’t want renters are looking for.
Simple upgrades and renovations, maybe what it takes to turn a worn out building into a very desirable multifamily housing.
Inviting exterior projects such as, new exterior paint or siding, walkways, outdoor living areas, playgrounds, pool area, and landscaping are great investments and make a great first impression!
Exterior renovations include; Structural metal framing, fencing, metal fabrication, sub floor repairs, exterior painting and waterproofing, finish carpentry, swimming pool refinishing, roofing, lighting, and landscaping.
Upgrading individual units with a stylish modern feel can quickly improve the appearance. Even low-cost upgrades make a big impact.
Popular trends include an open floor plan with fewer walls and lots of space. Along with lighting and windows to make the home look large and bright, upgraded kitchens where tenants can cook a good meal and entertain, and also do their laundry.
Interior renovations include, sheetrock, tile, carpet, wood and vinyl flooring, cabinets, shelving, doors, and hardware, plumbing, HVAC system, electrical, mechanical, lighting, fire protection and painting.
Whether it is a new construction project or renovating an existing building, SWET Construction Group can help your property stand out from the crowd.