November 23rd, 2019
Multi-family and apartment housing throughout the Southeastern United States, Florida, Georgia, North and South Carolina, are moving upwards. More and more people ( from Baby Boomers to Millennials and Generation Z) are choosing to live in some type of multi-family housing. Proving to be a lucrative investment in 2020 and beyond.
Long term value and smart investments is what every multifamily operator or developer is looking for.
According to Building Design and Construction, “Future proofing multifamily housing amenities for Generation Z”,
The next generation of renters will have their own ideas of which amenities make an apartment community a home.
Real estate operators that focus on why certain amenities like community space, dog runs, and exercise options are important to today’s renters will have an advantage.
Successful developers will focus on the psychographics -the attitudes and aspirations– of their tenants rather than chasing the next instagrammable experience. And they will understand that smart design using sustainable and wellness principals will be key to keeping current tenants and attracting the next generation of apartment renters.
Existing multifamily housing and developers will need to keep up with not only the amenities arms race, but also keep their property looking its best to attract tenants of all demographics. Focusing on sustainable and wellness designs to generate a high return on investment.
The trend of ride sharing, bicycles, and eco friendly transportation are on rise, is expected to continue, which means fewer people are owning vehicles. This has property owners and managers rethinking parking areas. Using the space for innovative wellness areas.
Natural Lighting and Mindfulness
Natural LED lighting is important, not only does it promote a safe community, it can add up to a significant cost savings. Mindfulness and a sense of overall wellness will appeal to residents.
When it comes to construction and renovations of multi-family housing, it is important to have a company you can trust!
SWET Construction Group is an industry leader in the construction and renovation of multi-family housing, apartments, condominiums and commercial building throughout the Southeastern United States, offering cost-effective plans.