With the apartment rentals and multi-family housing booming in the Southeastern United States, developers, investors, and property managers are scrabbling for innovative construction and renovations to stay above the competition.
Partnering with a leader in the multi-family construction industry is vital for success. SWET Construction Group understands the needs and trends of the demographics of the potential renters, allowing your property to attract and keep tenants.
Gen Y renters have the potential of 80 million renters, according to Multi-Family Executive. This demographic of tech savvy renters have come to expect certain amenities and a trendy look.
The construction and design should emulate that of a luxury hotel. From trendy decor, sophisticated entryways, to social gathering areas, and modern look throughout the property.
Fitness centers have also gone to the next step, no longer is a few treadmills looking over the parking lot acceptable. This area now has a relaxed holistic feel, with the latest equipment, yoga room and social areas.
Quality appliances and unique finishes are important, the classic stainless steel finish has staying power. Though Gen Y understands the need of green living and want to have it in their apartment complex, it doesn’t necessarily mean they are willing to pay more for this amenity.
Smart home technology has really gained momentum with the newest smart devices. Thermostats that can be controlled via the tenants smart phone, turning the thermostat just a few degrees higher on a warm summer day and have it nice and cool when they get home is a very attractive selling point to new tenants. Smart door locks that can open the door by simply pressing an app on their phone. Lights can also connect to the smart phone, the tenant will be able to turn on or off the lights with just a push of a button on their phone.
The newest amenities and technology may be just what properties need to stand out above the competition.
We encourage you to contact SWET Construction Group to discuss your building project. Our professionals will show you, examples and discuss options. We are able to work within your budget and will suggest cost saving options for your project.