Property upgrades and renovations brings long term value and increases occupancy. A welcoming feel and an updated property, with appealing upgrades will attract renters and give you a great return on investment.
7 top renovations that add value to your multifamily property
Create Attractive Curb Appeal
It is the first thing potential renters see, the exterior or the property. Make a positive first impression by adding life to your property. Create a welcome mat they will want to come home to everyday.
Siding: old and faded siding relays the property isn’t kept up like it should. New siding will give your property a facelift.
Paint: a fresh coat of paint will make a huge difference, brightening up the look.
Install New Walking areas
There is a lot of foot traffic in multifamily housing, both inside and outside. Sidewalks and flooring can easily get worn down and look unappealing
Walkways: Create durable and an appealing walkways with tinted and stamped concrete or stone tiles.
Flooring: New flooring materials are made to withstand a lot of wear and tear and still look good.
Parking lots and driveways: seal and patch potholes, or apply a fresh layer of concrete or asphalt.
Add Updated Appliances
New appliances are very appealing to renters. They are more energy efficient and feature the latest technology that attract occupants
Kitchen: Tenants are attracted to the latest dishwasher, refrigerator and stoves.
Laundry room: water saving washing machines and new dryers, will give you an edge over the competition
Check back with SWET Construction Group for value adding renovations for your multifamily property. Until then contact us for updates that can significantly boost your profits and occupancy rates.
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.