The recent surge in multi-family housing and apartments rental growth makes them a lucrative investment. Construction and renovations in our rental market can be a challenging, but SWET Construction group has you covered.
Capital Economics recently released a report showing the boost in growth and what’s fueling this acceleration.
“Instead, and in contrast to what we had expected, the rise in earnings growth to a 10-year high looks to have given landlords some latitude to increase rents for existing tenants,” the analysts wrote in their report, which cites data from the Census Bureau, Zillow, Reis, and Refinitiv.
“That will support rents this year but, with earnings growth then set to slow, annual rental growth will end 2020 at around 3.2%.”
While more people and families are renting apartments instead of buying a home, it is important to stay up with the current trends.
Focusing on just a few simple upgrades can drive up rental rates and increase property value. Contact SWET Construction Group, for which renovations can make the largest impact for your property.
Just a few updates and renovations to your property and make a positive first impressions.
Since your building is the first thing your visitors and guests see, make sure the appearance is aesthetically pleasing and is a good representation of your company. Painting adds value to your property at a minimum expense, compared to replacing materials. If you are considering a rent increase, it may be easier to justify with added curb appeal and fresh, clean interior, it will be so nice your tenants won’t want to leave.
Green Construction and Cutting Edge Technology
Both of these are essential for success in todays construction and renovations. ‘Green’ and energy efficient practices not only reduce energy cost and maintenance during construction and operational practices, they are economically more efficient, environmentally responsible, and lessen the building’s carbon footprint.
SWET Construction Group, we understand the current trends and partner with managers and owners to give our clients the edge over the competition. Our offices throughout the Southeastern United States are committed to building quality relationships with our clients and create living environments, families want to live while protecting construction cost and quickly responding to emergency situations.
Contact SWET Construction Group for large and small construction projects, cutting edge building technology and the latest trends, don’t hesitate to call us 321-594-5569, for your next project.