Instead of tearing down historic schools, some developers are turning them into multifamily housing. As we've discussed recently, demand for apartments is only expected to grow in coming years, and the multifamily housing industry will need to step up to meet that demand. One way developers are [...]
Zero threshold shower design By the year 2030, there will be 72.1 million older people in the U.S., estimated to comprise 19% of the population. This demographic shift is sure to affect the multifamily housing industry, and smart developers are already meeting the demand using principles of [...]
Updated amenities are worthless if no one knows about them, so it's important to make the most of your apartment remodeling project by marketing it to existing and potential residents alike. As Multifamily Insiders points out in a recent post, summer is the perfect opportunity to leverage your apartment [...]
As we discussed in a recent post, the multifamily housing industry is watching young renters, and the preferences of the Millennial generation are already starting to affect apartment renovations and amenities. Apartments.com has released a list of the top 10 cities for recent grads, with Phoenix at number one. [...]
Changes in multifamily real estate: Value-add eclipses distressed properties If you are considering an apartment repositioning project, you're in good company. With distressed and foreclosed multifamily properties diminishing, more and more investors are looking for value-add multifamily real estate. Value-add real estate can be a great opportunity for multifamily [...]
A representative of the National Multi Housing Council (NMHC) and National Apartment Association (NAA) testified in front of the House Energy and Commerce Subcommittee earlier this week on the value of the multifamily housing industry. According to the NMHC/NAA report entitled "The Trillion Dollar Apartment Industry," multifamily housing is [...]
If you're in the multifamily industry, you need to be paying attention to Gen Y, which makes up a large portion of the renting population. Despite a recovering housing market, many of these young people prefer to rent, and in a recent survey, 54% of respondents said that "renting [...]
Once we’ve developed a vision for your multifamily community and completed a multifamily redevelopment assessment, we break down the redevelopment project into four basic categories: Unit Interiors Apartment Building Exteriors Site Amenities & Marketing Prioritizing Apartment Renovations It’s best to itemize each aspect of your apartment redevelopment under the [...]
In our last post we discussed the first step of an apartment renovation project- stretching our imaginations and developing a preliminary budget. Next, it’s time to gain a real-time assessment of conditions at your community. Professional Multifamily Redevelopment performs a comprehensive inspection of the entire property, including site drainage, [...]
Are you ready to start an apartment renovation? Don't leave the starting line without a solid plan in place. If you’re considering repositioning your apartment community, the task can seem overwhelming. Where do you start? How far do you go? Should you focus on apartment interiors, building [...]