There is no doubt having a multifamily housing property in Florida or Georgia is a great investment. Making a few upgrades or renovations can ensure your property stays attractive to tenants and have a high return on investment.
To ensure you have strong returns from your remodel, choose a trustworthy commercial contractor that specializes in multifamily housing.
Additional amenities
Today’s renters are looking for amenities that will make their lives easier. This can include updated appliances, energy efficient refrigerator, new washer and dryers, all entice new renters and impress existing ones, and even justifying a rent increase.
Spruce up the bathrooms
Property investors understand that cost effective bathroom upgrades can go a long way in minimizing tenant vacancies. Attractive hardware, modern shower heads, cabinet knobs, sink faucets, and updated paint and tiling goes a long way in creating happy tenants.
Refresh the exteriors
Beautiful curb appeal is essential to achieve higher returns on investment for your multifamily housing property. Whether it is replacing older, unsightly siding, a new coat of paint, making necessary repairs, redoing driveways and walkways. Tenants are willing to pay a higher rent for a property that looks like it is cared for.
New Flooring
Flooring is a big deal in multifamily housing, it takes a lot of foot traffic and look worn out quickly. New flooring not only increases the beauty of a unit, but also increases the value. Today’s flooring is more durable and easier to maintain. Renters are definitely attracted to modern and luxurious flooring.
Modern lighting
Updating older light fixtures with stylish and energy efficient options, such as overheat lighting and wall sconces make a big difference in the unit’s appearance. New light fixtures are also energy efficient, which utilizes significantly less energy, up to 75%.
Energy efficient windows
New windows mean added curb appeal, enhanced property value and energy efficiency. They are also safer with enhanced locking mechanism. Choose from a modern fiberglass or vinyl for easy maintenance.
Choose the right multifamily housing contractor
At SWET Construction we understand the industry and how to attract new tenants, as well as retain existing ones.
SWET Construction Group is a leader in the industry, we have a seasoned team who can navigate you through all the challenges and ensure the success of your project, no matter how big or small. With over 66 years of combined experience and over 42,000 completed units, you can feel confident SWET Construction Group. With our experienced team, advanced knowledge of construction, high quality products, on-site management, turn-key solutions and precise estimation, we deliver on budged and on time results for your construction needs.
Contact SWET Construction Group for your next project.