The multifamily housing market in the southeastern United States is highly competitive. Making the most of your return on investment isn’t quite as easy as it used to be. It is crucial to keep down the net-to-gross ratio within a building.
SWET Construction takes pride in creating successful strategies to enhance the overall profitability and increase your bottom line of your multifamily housing community with strategic and creative ideas for improving unit and area efficiency. While creating a competitive and attractive place to live.
Optimizing amenity space
All multifamily housing developers know amenities play a big part in attracting renters. Since they aren’t rentable space, they need to be strategic in design to ensure a high return.
Rethinking underutilized areas can add value to your property. Transforming outdoor common areas and rooftop terraces by adding recreation areas, outdoor lounges, and communal gardens.
Floor plans that are streamlined
Streamlined designs are a great way to optimize the space within the units. This can include integrated storage space, open concept layouts, skylights, and large windows can make a unit feel more inviting and even roomier. By using low profile markers and finishes to separate spaces can help units feel larger.
Smart home devices
Prospective tenants have come to expect smart home devices. Research shows the enhanced convenience technology brings to a unit, is high on the list of what renters want.
There are many types of devices on the market, from smart thermostats, lights, and locks. This allows tenants to manage such things remotely, adding to the efficiency and convenience.
Partner with an experienced construction group
When it comes to creating and planning efficient multifamily communities, the first step is choosing an experienced construction team.
This means a team that understand and listens to your vision for your project. At SWET Construction Group, we bring engineering recommendation that will optimize and bring value to your multifamily housing.