For multifamily housing in the southeastern US, it can be difficult to keep up with newer properties. It is a very competitive market, it has become necessary to have the features and amenities to keep your community looking up to date and attract quality renters.
Property upgrades and improvements can be costly, it is also easy to over improve your community. SWET Construction Group can help you maximize your return on investment and ensure your improvements will attract tenants and turn a profit.
Know your market
It is important to know your market, the location of multifamily housing, the people living and working in the area, and amenities nearby. You don’t want to waste your time and money on features that won’t add value.
The “Wow” factor that makes your property stand out
Adding value is different for every property. Your prospects want something they can’t get elsewhere. This could by going beyond the standard closet to a large, walk in closet with an organizing system.
It could be upgraded appliances, unique common areas, or allowing residents to choose their paint colors, to make the unit their own. Choose something the prospect won’t expect at this price range.
Upgrades with operational benefits
Improvements such as security cameras, not only eliminating problems, but also making tenants feel safe. Save on electricity with LED lighting, upgraded bath fan vents, the stronger air flow reduces mold growth and the quieter fan is appreciated by tenants.
Smart thermostats, locks, and lighting systems save energy and money, it is also an attractive features for prospective tenants.
Features that bring people together
Amenities that bring about a sense of community and connect people are always in high demand. They keep residents happier and longer, with less turnover.
The human interaction, social gatherings, rooftop decks, community gardens, coffee bars, dog parks cooking spaces, resort like swimming pool, are always have a high return on investment.
Ensuring your multifamily housing looks attractive and is keeping up with all the latest trends, you need a construction group you can count on. As a leader in the industry, SWET Construction has the experience and know how to keep you a step above the competition.
Contact SWET Construction Group for your next renovation or construction project.