The multifamily housing market in the Southeastern United States is highly competitive, optimizing your return on investment isn’t always easy. It is crucial to minimize your net-to-gross ratio in your multifamily housing.
It is important to come up with creative strategies and ideas to improve unit efficiency. Increasing the overall profitability and increase your bottom line. All while creating a welcoming and attractive property for your residents.
More Efficient Multifamily Housing Construction
Optimizing space starts with strategic design, using available resources, and use space efficiently.
Reducing space that isn’t used efficiently can decrease operating costs and construction. But cutting back on access space, such as stairwells and corridors, can have a negative impact.
Optimizing Amenity Space
The right amenities attract tenants and builds a sense of community among the tenants. Rethinking areas that go underutilized. While outdoor common areas add value, transforming them by adding outdoor lounges, communal gardens, and even small recreational centers are very popular.
Parking lots tend to take up a lot of land and space. Making it more efficient can depend on the soil composition, over excavation, cantilever, and other specifics fo your site.
Other areas to look at include, underused administrative areas, large lobbies, and storage areas, since the are non-revenue generating areas.
Streamlined floor plans to optimize space for units. These strategies include an open concept layout, large windows, taller ceilings, and skylights can make a small area more inviting and roomier.
Staying Competitive
The multi-family construction industry is highly competitive. Due to the economical changes, the multi-family housing industry is growing faster than ever! The need for new construction and renovations of multi-family housing is increasing. However, these types of projects have a distinct set of challenges and innovations that require specialized knowledge and dedication.
Partnering with SWET Construction Group will not only keep your construction costs low while achieving beautiful architectural design, they will ensure your project is a great success by displaying quality traits such as preparedness, flexibility and awareness.
With over 70 years of combined experience, SWET Construction Group takes pride in delivering outstanding value and quality. Our clients return project after project for our ability to deliver construction solutions on time and within budget. Our experienced team can handle any size project, from a large rehabilitation project to a smaller new construction, we ensure a smooth process.