Renovations and upgrading of multifamily housing can expect to generate a significant rent increase. Recently a property upgraded their garden apartments with six inch baseboards, two tone paint, maple kitchen cabinets with brushed steel finishes. They were also able to raise the rent by a $110.00 a month, which ended up giving them a return… Continue reading Multifamily Housing Renovations With the Biggest Rent Hikes
Tag: Orlando florida construction
Construction of Apartment Housing on the Rise in Orlando, Florida & Southeastern US
Why is the construction of multi family housing and apartment buildings on the rise? Because the demand is up, rents are rising, and vacancies are few! According to property intelligence from Rent Cafe, to meet the demand of renters, we need 4.6 million new apartments by 2030. That is almost 400 new units a year. That… Continue reading Construction of Apartment Housing on the Rise in Orlando, Florida & Southeastern US