Experts agree, improving a property not only improves curb appeal and assets’ value, it will demand higher rents.
According to Multifamily Executive there are a few ways to improve an apartment to increase value and increase rents.
Go Modern
Renters in todays economy want to updated contemporary designs. This can easily start with the building’s exterior. New paint, siding, roof, metal framing, updated doors, windows, fencing, lighting, paving/surfacing, and ornamental work.
Today’s materials have drastically changed over the years, from the design to their composition.
According to the leading architects, the look of natural wood is a very popular trend in contemporary designs of multifamily housing. Tenants, from Millennials to seniors wanting to downsize, are attracted to this element. But natural wood is not only costly, it takes a lot of man hours to maintain.
For instance, you want the natural look of wood facades, but without the expense or upkeep.
Modern materials can replicate the beauty of wood, allowing multifamily housing owners and property managers can have the modern update without breaking the bank. This type of modern siding systems also comes in concrete and porcelain tile. As well as, geometric flat or modular panels, and uncommon sizes. They last for decades and still look great.
Another popular trend is metal trim. “In fact, architects say one of the top contemporary design trends is using metal trim to create playful patterns and geometric shapes with contrasting colors. In the past, achieving this look would have meant going to a metal fabricator for custom-made trim pieces. But again, today’s manufacturers are making it easier to achieve this look on a budget with off-the-shelf options that look custom made. The latest extruded-aluminum trim comes in a wide range of shapes and sizes, including odd shapes. Manufacturers offer this type of trim in various shapes and styles with thousands of design and color options, including pre-primed, color-matched, and anodized. Many building owners use different sizes of trim together to create big drama and interest for a small cost.”
Partnering with the experienced team at SWET Construction Group, means you get the quality modern renovations you want without the high price tag.