Comparing the differences between older multifamily housing in the Southeaster United States and that of new or renovated buildings, you may be surprised by the vast differences. While the last decade has shown changes in apartment construction, the priorities of property owners and managers has shifted, from quantity to quality.
Instead of fitting as many renters as they can into a living space, they are opting for the bigger picture. A higher return on their investment with spacious living areas, beautiful outdoor retreats, tons of upgraded amenities, and increased rents.
Today’s culture also plays a big role in construction trends for multi family housing and apartment living.
The modern tenant wants privacy and recreation space
The new American family isn’t quite as large as they once were. Instead of having multiple children, many of today’s household are foregoing having children at all.
Amenities that were reserved for luxury apartments are now common and have come to be expected. Including everything you would find in a single family home.
Modern multi family housing takes into account the renters comfort and privacy. Large bedrooms with walk in closets and an ensuite bathroom.
Parking can be a deal breaker. Nobody wants to walk a half of a mile in the dark to get to their front door. Convenient parking with ample space is important.
As is the outdoor space. Large resort type swimming pool, tech savvy lounge, top of the line fitness center, nature paths, cafe, and a dog park, are important to today’s tenant.
Energy efficiency and sustainability not only keep operating costs down, green living attracts the modern household. Modern designs that utilize every square foot.
Understanding the evolution of our culture is vital for success
Whether you have an existing building or building new multi family housing, having a construction group who understands the latest trends and what attracts tenants is key to the success of any projects.
SWET Construction Group create living environments residents will be proud to call home!