The multifamily housing industry has definitely seen some changes in the last few months. As the COVID-19 continues to influence the economy, studies show home ownership rates are dropping while apartment living is gaining momentum in every age demographic.
This Brings New Opportunities
More and more renters are working from home, spending less time going out, and more time on property. Retaining residents and attracting new ones, may be determined by your ability to understand and meet their needs.
Which Amenities Appeal To All Demographics
Security plays a big role across generations. Everyone wants to feel safe and comfortable. This may include gates at the entrances, updated alarm system, outdoor lighting at night, advanced locking system, and cameras. Cutting edge safety and functionality appeals to all demographics.
Stay Connected
Staying connected means so much more than offering Wi-Fi. Today’s renters are looking for something better.
“Aside from bare bones basics such as charging stations and high-speed Wi-Fi, you might also consider providing residents with USB port access, electric vehicle charging stations, and the latest technological amenities, which again, includes smart home automation. Smart-home automation allows the renter to be in control of their apartment’s environment even when they are not at home, which for Millennials and Gen-Z is quite often. Renters can seamlessly control temperature, lighting, security, and more from a single device.” Multifamilybiz.
Staying ahead of the competition is not always easy, but partnering with a dependable construction group can help. SWET Construction is a leader in the industry in the Southeastern United States. Contact us for more information.
October is Breast Cancer Awareness Month
In honor of Breast Cancer Awareness Month, the family at SWET Construction Group encourages everyone to join us in learning more about breast cancer and support those who are suffering with the disease.
Though we have made great progress in early detection, cancer treatment and finding a cure, we still have a long way to go.