Captivate prospects with these multifamily renovation tips
ButterflyMX
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You might be considering making some renovations to your multifamily property to increase value and keep residents satisfied.
But what kinds of renovations do your residents want? And where do you even start?
Read on to learn everything you need to know about renovating your multifamily property. From trendy upgrades to planning and execution– we've got you covered.
The complete guide to increasing your multifamily property’s value with renovations
Multifamily renovation is one of the best ways to increase a property’s value. However, this development process can be tricky to navigate effectively.
Our guide will cover how much a multifamily renovation will likely cost. Next, we review the typical stages of a renovation and briefly dive into what multifamily renovation companies can do for you. Finally, we offer four tips for you to follow before diving into the multifamily renovation process yourself.
How to revive vintage apartments while maintaining profitability
“Frequently associated with workforce housing, vintage apartment buildings cater to a diverse demographic of renters. While these properties are in high demand, they often come with structural deficiencies that require major renovations…
…renovating old multifamily properties is not only a necessity, but it can also lead to improved cash flow and bring previously uninhabitable units back into use.”
Effective ways to reduce multifamily construction costs
Developing a property can be challenging even in the best of times. Additionally, multifamily construction can be a hurdle that many developers don’t get past. And with multifamily construction costs continuously rising, you’ll want to find cost-effective ways to develop your property.
In this guide, we’ll define the multifamily construction process. Next, we’ll provide six strategies to cut down on multifamily construction costs. Lastly, we’ll review a few multifamily construction trends that will help you develop a cost-effective and cutting-edge property.
Six steps to successful multifamily property renovation
“In many respects, the decision to renovate an apartment community has never been easier. The boom of new, market-rate multifamily projects has seen to that. You step up or fall away.
The tricky part is what comes next.
For REITs and other national and regional owners, those next-step questions have taken on a new urgency: How do you profitably reposition an asset? How do you do that with labor in historically short supply? How do you budget for surging building-materials costs?”
Top 15 luxury amenities to consider for your multifamily renovation
Looking to provide your residents with an elevated living experience at your multifamily building? If so, it’s crucial to offer the luxury apartment amenities that residents really want. Implementing luxury apartment amenities at your Class A building is the best way to attract residents and ensure that they renew their leases.
Read this luxury apartment amenities guide to learn what a luxury apartment is, why high-end amenities matter, and the top 15 luxury apartment amenities that residents want today.
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