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According to the Realtor.com, analysis, Miami\/Fort Lauderdale\/West Palm Beach, Tampa\/St. Pete\/Clearwater, and Orlando\/Kissimmee\/Sanford were the top 3 markets in the nation for the largest rental increases.<\/span><\/p>\nThe metro Tampa area ranked second in the nation in 2021 for the fastest rent growth, 25.6%. realtor.com reported.<\/p>\n
ABC Action News report<\/strong><\/p>\n The Miami area median jumped by 49.8 percent to $2,850 a month in December 2021.<\/p>\n The Tampa area was close behind with median rents hitting $2,038, a year-over-year increase of 35 percent.<\/p>\n Finally, the Orlando area saw median rent increase by 34.1 percent to settle at $1,807 a month.<\/p>\n Nationally, the median rent for a two-bedroom home has risen by 19.1 percent, or $320, since December 2020 and was 23.9% higher ($387) higher than in December 2019. The national median for one-bedroom units hit $1,651 in December, 19.3 percent higher year-over-year ($267) and 20 percent higher ($275) compared to December 2019.<\/p>\n Not to be left behind, studio apartment rentals saw the median rent hit $1,462 in December. That was an 18.6 percent rise ($230) in prices year-over-year for a studio apartment.<\/p>\n With all these rent increases comes renovations and upgrades to entice new renters and retain current ones. Here are a few impacting and cost effective remodels that will add significant value to your property.<\/p>\n Create curb appeal<\/strong><\/p>\n It’s the first people see, the exterior of your property. There are a variety of ways to breath new life into your property.<\/p>\n Painting<\/strong><\/p>\n Painting is a great way to freshen up the exterior of a building. It also creates a space that is appealing and well tended.<\/p>\n Siding<\/strong><\/p>\n If your current siding looks worn and faded, it can discourage anyone from moving in. Having a contractor install new siding can do wonders.<\/p>\n Landscaping<\/strong><\/p>\n Landscape is the welcome mat to your property, it is important it look good.<\/p>\n Check back with us next week for more trends to attract renters for your multifamily housing. Until then, contact SWET Construction Group for more information.<\/p>\n","protected":false},"excerpt":{"rendered":" Florida continues to attract new residents, resulting in a double digit price hike for multifamily housing. According to the Realtor.com, analysis, Miami\/Fort Lauderdale\/West Palm Beach, Tampa\/St. Pete\/Clearwater, and Orlando\/Kissimmee\/Sanford were the top 3 markets in the nation for the largest rental increases. The metro Tampa area ranked second in the nation in 2021 for the… Continue reading Orlando\/Kissimmee\/Sanford Multifamily Housing Renovations & Construction<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[306],"tags":[69,86,30,78,25,24,72,20,71,102,59,39,56,18,14,16],"_links":{"self":[{"href":"https:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/posts\/3934"}],"collection":[{"href":"https:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/comments?post=3934"}],"version-history":[{"count":12,"href":"https:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/posts\/3934\/revisions"}],"predecessor-version":[{"id":4120,"href":"https:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/posts\/3934\/revisions\/4120"}],"wp:attachment":[{"href":"https:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/media?parent=3934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/categories?post=3934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/tags?post=3934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}