Upgrading your multifamily housing community has many benefits and a high return on investment. Renovations will attract new tenants and keep existing tenants want to stay even longer.
Command Higher Rents
The fact is, renters today are looking for new and modern buildings. Renovating your building and units will attract new tenants. It will also keep existing tenants happy and everyone will enjoy living there.
The bottom line, investing in your property with renovations and updates will increase its value and your return on investment.
Long Term Property Maintenance
It is far better to have a proactive property maintenance plan, and less costly, than a maintenance plant that is reactive. Updating the kitchen with new plumbing is less expensive than dealing with the damages from a major leak. Especially, if you need to call out a plumber on the weekend.
Working with an experienced construction group can help with long and short term renovations.
Renovations and Updates; When Is The Best Time?
There are a few factors that can help determine the best time to start renovations, condition of the property, budget, and rental market in the area.
When the renovation market is strong, is typically a good time to renovate. Short term gains are realized throughout higher rents.
Attract New Tenants
The multifamily housing industry needs a professional construction group to keep their building attractive to residence and generate revenue. As a leader in the industry, SWET Construction Group, we understand the current trends and partner with managers and owners to give our clients the edge over the competition.
Our offices throughout the Southeastern United States are committed to building quality relationships with out clients and create living environments, families want to live while protecting construction cost and quickly responding to emergency situations.
Contact SWET Construction group for large and small construction projects, cutting edge building technology and the latest trends, don’t hesitate to call us 321-594-5569, for your next project.