The Multifamily housing market in the Southeastern U.S. has exploded in the past few years. Developers are capitalizing on low tenant vacancies and rising rents. Investors are seizing the opportunities to purchase apartments and remodeling them with updated amenities.
According to Multifamily Executive, “Renters, meanwhile, will begin to look for Class B properties as a way to save money, causing an above-average surge in rents. This effect will trickle down, and Class C assets will experience strong rent growth as well, although not as strong as Class B. Many traditionally affordable markets will likely see stronger rent growth than they have witnessed in more than a decade because of a lack of new deliveries in their particular submarkets. Construction costs prohibit new development beyond top-tier rental markets without outside incentives.”
If you’ve recently acquired a multifamily housing property, renovation can quickly become overwhelming. Decades of experience will be on your side when you partner with SWET Construction Group.
Upgrading individual units with a stylish modern feel can quickly improve the appearance. Even low-cost upgrades make a big impact. Replacing or resurfacing cabinets and new countertops can freshen and update the look of a kitchen. Outdated styles can make a negative impression.
Renters and guests avoid living spaces with dirty or dingy flooring. Significantly improve the space by adding hardwood flooring, tile or new carpet. This can easily give an up-scale modern feel to the space.
You can’t make a second first impression! Inviting exterior projects such as, new exterior paint or siding, walkways, outdoor living areas, playgrounds, pool area, and landscaping are great investments.
SWET Construction Group bridges the gap between visualizing a concept and making the project reality with cohesive spaces, rooms and designs that flow together both aesthetically and functionally. Whether it’s a new construction or renovation, we make the experience enjoyable by taking you through the process of building and designing, to ensure your project has the look and feel you imagine.