What will the multifamily and apartment living look like in 2021? While the industry has weathered 2020 a cut above most sectors, many apartment managers and owners have had a difficult year. From delinquencies, deferred rents, and waived fees can really add up.
But experts agree, 2021 will see a rise in the demand for multifamily housing.
Returning to pre-coronavirus vacancy levels and even an increase in rents, by at least 6 percent.
It will also be a robust year for developments and renovations across all the markets, classes A, B, and C.
Investment strategies in the Southeastern United States are anticipated to have a solid market performance, best opportunities and achieve high revenues for 2021 and beyond. Just a small renovation can have a large return on your investment. A fresh coat of paint, both interior and exterior for a new clean look, add curb appeal and to attract renters and guests.
Success of Your Project
Multi-Family construction projects can range from a thousand dollars to millions. For that reason the contractor you choose for your project should be experienced and capable of handling your type of project. Completing the job in a professional, cost-effective and efficient manner as possible plays a crucial role in the total success.
Choosing the right building contractor for the needs of your projects can be very difficult. Ensure you start off with the right contractor by asking a few questions, can save you a lot of headaches later.
How much experience does the construction group have? Longevity and experience is a key component with large-scale construction and renovation. This will enable them to troubleshoot any issues, offer functional and creative ideas and suggest turnkey solutions.
Does the construction group offer a wide range of services? Large scale buildings come with more needs and responsibility than smaller ones. A reputable construction group will know what material composition will work best with your project for acoustics and aesthetics. They should also provide interior and exterior construction and renovations, while working closely with you during every phase of the projects.
At SWET Construction Group we pride ourselves in carefully planned projects that create comfortable and safe environments where residents can thrive. Contact us for your next project!
Today’s construction of multi-family housing is becoming healthier, smarter and all-inclusive. SWET Construction Group is a full service company who understands the big picture and well as the small details. We have the experience and knowledge to handle large multi-family construction to a more modest dimensions. We take pride in our professionalism and innovative approach, we are known for our quick turn around on projects and being cost efficient.