Multi family and Apartment housing in Southeastern United States remain a profitable investment, due to the very high demand.
The key to success is to stay competitive by incorporating new amenities and creating a sense of community.
These are must haves in today’s housing market.
Investing in new construction of multifamily housing with latest amenities and updating existing properties will ensure you will increase residence satisfaction and renewal rate, as well as stand out from the competition.
SWET Construction Group makes it easy to incorporate a plan to ‘Stay on the Pulse of Emerging Amenities’, according to the latest research in MultiFamily Executive.
“Market research indicates that the most in-demand amenities are those that not only accommodate existing lifestyle trends but take them a step further too. For example, rather than simply providing bike storage, many properties now offer bike repair equipment. Similarly, many communities are becoming pet-friendly, offering pluses such as dog-walk areas. The properties that are staying ahead of the game, however, now feature extras such as on-site dog spas, too.”
“New amenities are entering the market rapidly. For peak resident satisfaction, it’s critical for property managers and owners to stay up-to-date in providing the latest services and community features that suit the needs of their residents.”
Incorporating mixed use and office space into the project creates everything a resident could want. With more people working remotely from home, according to the latest research as much as 43% of Americans spent some time working from home last year. Today’s renters are looking for somewhere they can go downstairs to get a cup of coffee and get some work done.
While many multi-family housing are focusing on the younger renters, downsizing baby boomers still make up a good percentage. Recent studies show by 2020 nationwide 20 percent of renters will be over the age of 50 or older. Both smaller apartments, studios and one bedrooms, and multi-bedroom apartments will both be in demand.
SWET Construction Group is a leader in new construction and renovations of multi family housing industry. Partnering with us will 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.
Get your next project started, Contact SWET Construction Group for more information.