When it comes to the construction of new multifamily housing or renovating existing ones, it is important to understand the renters preferences. As the demand for multifamily housing persist, the need for additional units that evolve around the renter’s expectations will also increase.
Renter Preferences
Understanding renters’ priorities identifies the financial, technological, and lifestyle amenities they value most. These insights from Apartment List’s internal data, the NMHC, and Appfolio help shape the future of rental housing by addressing both practical needs and aspirational living preferences.
93% of renters are looking for practical items including in-unit washer/dryer and air conditioning.
High-speed internet was required by 90% of renters, and 86% required a home with reliable mobile reception.
Soundproof walls (88%) and noise-reducing windowpanes (83%) are highly sought after.
35% of renters plan to move within the next 12 months because of being dissatisfied with property management.
Renters who are happy with apartment maintenance are 25% less likely to leave..
51% of renters move to find lower rent.
39% move seeking better amenities.
32% move for a better community.
60% of renters stay because they’re happy with their unit.
54% say moving is too expensive.
46% would face higher rent if they moved.
43% are satisfied with their property manager/landlord.
If you are the owner or manager of a Multifamily housing community or investing in new construction, you want to gain the most value and return on investment as possible.
The first step is to find a trustworthy commercial contractor. SWET Construction is proud to be a top contractor in the industry. We serve the Southeastern U.S., and take pride in our quality craftsmanship, experience, understanding renters, and staying on budget.
The goal at SWET Construction Group is to maximize the value of multifamily housing investments. Focusing on enhancing the value of your investment. Our leadership team is powered by our proven track record and key industry relationships.
Contact SWET Construction Group for more information.