Multifamily housing and apartments continue to be a great investment. Baby boomers are looking to downsize and Millennials are opting not to buy, it’s great news for investors and developers.
Tenants will be looking for the latest housing trends. Such as sustainable living, amenities, technology, and an innovative way of life.
Sustainable Living
The new renter is looking for energy efficiency, solar power, electric car charging stations, bike storage, dog washing area, package pick up areas, gardens, and playgrounds.
Green leases (also called aligned leases, high-performance leases, or energy-efficient leases) are rental agreements in which tenants commit to or gain incentives by participating in water/energy conservation, waste reduction and recycling, use of nonhazardous cleaning products, or other sustainable actions.
Many Developers Are Capitalizing On Green Leasing.
“Green leases (also called aligned leases, high-performance leases, or energy-efficient leases) are rental agreements in which tenants commit to or gain incentives by participating in water/energy conservation, waste reduction and recycling, use of nonhazardous cleaning products, or other sustainable actions.” Green Building Alliance.
Updated Amenities And Floor Plans
Compiling the right mix of amenities is critical. While great WiFi, workout area, and a small business or conference room is important, not all projects need a pet washing or indoor basketball court. Partnering with the right construction group can help decide which amenities will have the highest return for your project.
Adjusting the size of amenities. Olympic size pool, a large fitness center, yoga studio, or cafe? Developers are finding the value in the right balance in the ‘amenities war’.
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.
Partner With A Reliable Construction Group
The goal at SWET Construction Group is to maximize the value of multifamily housing investments. Focusing on enhancing the value of your real estate investment. Our leadership team is powered by our proven track record and key industry relationships.