Some recent surveys of the multifamily renovation industry show the vast majority of renovations don’t have an actual business strategy. Many just paint, and change the carpet and cabinets. Other renovators simply ask a general contractor what they would do, not taking into account that GC’s aren’t designers or experts in knowing where the apartment market is headed. Other renovators load the responsibility on the shoulders of the already busy on-site management team, which is once again not their area of expertise.
Let us help you approach the renovation systematically, with experts in the market and in design. So you can move forward more intelligently having fully answered the following questions:
Let us help you approach the renovation systematically, with experts in the market and in design. So you can move forward more intelligently having fully answered the following questions:
- What are my goals for the property?
- What type of customer do I want to attract and can I attract?
- What features do these customers demand in their rental home?
- What are they willing to pay a higher rent for?
- How can I differentiate my property and increase demand for it?
- How can I best spend every dollar of renovation funds to maximize my ROI?