As an apartment complex owner, there are a million different items on your never-ending checklist. Whether you’re dealing with new tenant contracts, or fixing up broken appliances, you will never be short of things to do. However, if you have struggled recently to fill your apartments, or you’ve received feedback from your current lodgers, you may need to spend a little bit of time fixing up certain areas of the building. As a building owner there will always be unexpected expenses to navigate, but it’s fundamental to provide your paying tenants with an enjoyable, safe and reliable place to live. Offering various incentives and high quality amenities may also be a great way to entice new renters to your apartment complex in particular. So, if you’re trying to stand out in a crowded market, warrant a rental price increase, or you’re simply looking for more renters to sign contracts for your building, some of these appealing ideas might help you to create a more modern establishment.
- Improved Laundry Facilities
Doing laundry is part of everyday life and when you’re living in an apartment complex, there are challenges to overcome. Improving your laundry facilities may not always be at the very top of your priority list, but it will certainly make a huge difference to the lives of your tenants. Investing in more high-quality and reliable coin operated washer and dryer machines for your building will make it a much easier place to live. Nobody enjoys doing laundry and spending time in the laundry room, but you have the chance to make it a tidy and safe place to be. If you’re wondering how you could improve your current laundry facilities, you may want to ask your current building residents for feedback. They will be able to tell you what they need and how you could make some small improvements to the way they do their laundry every day.
- Enhanced Security
When people are looking for an apartment to rent, they need to know that security is the highest priority. Keeping themselves, their families and their belongings safe will be at the top of their minds, so how can you go the extra mile to make sure they are safe and satisfied? Whether you’re looking into modern security cameras, changing entries and exits to the building or hiring physical help with security, there are many levels you can explore. The type of security you can provide to your tenants will depend on the size of your building, tenant demands and your overall budget. Once you have looked into modern security solutions, you will soon be able to make some long-term changes to your apartment complex.
- Modern Fitness Areas
Adding a modern fitness area to your apartment complex is a brilliant way to encourage healthy living and appeal to a different demographic. Depending on the amount of space you have to work with, you could create an indoor or outdoor fitness space that fits within your budget.
- Fresh Paintwork
Adding a touch of fresh paint to all aspects of your apartment building is a quick, simple and cost effective way to ensure your complex stays up to date with the modern world. It will also make the entire place look cleaner and more appealing too. You’ll be surprised at how much a small lick of paint can do!
- Better Postage Systems
How many times have your angry tenants come to you with lost packages and letters? Being part of an apartment complex is tough for renters as they don’t always have control over where their post is kept and sent to. Creating a better postage organization system for your renters will not only bring your building into the modern day, but it will also make it a much more appealing place for people to live. Everyone nowadays is an online consumer, so it’s important to have a system in place that ensures everyone receives their packages in a timely and secure manner.
- 24/7 Concierge
No matter how many extra precautions you take, there will always be a tenant who has an issue outside of usual office hours. Adding a 24 hour concierge service to your apartment building may seem like a big investment, but it can really help to put people’s minds at ease. More and more renters are becoming extra safety conscious and for very good reasons. 24/7 help via a concierge desk will not only create a more appealing place to live, but it will put everyone’s minds at ease as they go about their day to day lives. Knowing that there is an authoritative person right there to help you at any given time will always be a relief for the people living in your building.
- Effective Communication
Running an apartment complex is a 24/7 job, which requires a lot of good communication. Even if there are things that go wrong on a day to day basis, you need to make sure you’re communicating in an effective way to your tenants. They want to know that their problem is being looked at and dealt with in a timely manner. This requires organization from your end, even when you’re super busy. You may want to hire an assistant to help stay on top of communication going forward as this will certainly help with your overall workload too.
- Eco-Friendly Additions
More and more people are turning to eco-conscious ways of living, especially when they’re living in a building with so many others. It can be difficult for them to feel as though they’re making a real difference, but you can do a lot as the building owner to encourage greener living. Making eco-friendly building alterations will not only attract more people to live in your building, but it will also lower your overall running costs. Whether you’re installing water saving equipment, or solar panels, there are a number of different ideas you can try out. It may also be worth installing electronic charging ports outside your building to encourage the use of electric cars. Every small thing you can do to make your building greener will help the planet and your overheads!
- More Outdoor Amenities
As well as neatening up the outdoor space on the whole, you may want to look into more outdoor amenities for your apartment complex. Depending on the amount of space you have to work with, you may find that picnic benches, outdoor seating, umbrellas or even outdoor fitness equipment is a good investment. People love to make the most of the outdoors when they live in an apartment, so it’s important to go the extra mile and find a way to utilize this space and make it worthwhile, if you have it.
- New Windows
Getting new windows installed in and around your apartment building will not only improve the energy efficiency of your complex, but it will also completely modernize the space too. New double glazed windows are obviously a big expense, especially if you’re the owner of a very large building, but sometimes it is a necessary update. You may want to assess whether new windows are more of a safety concern or an aesthetic feature; making the building look more pleasing to the eye isn’t the biggest priority but safety should always be.
- Excellent Kitchen Equipment
Upgrading everyone’s kitchen equipment won’t always be possible at the drop of a hat; this is the type of refurbishment that will take time to plan and budget for. However, if you’re running a large apartment complex, you should be aware that kitchen equipment and kitchen aesthetics are often the deciding element when someone is choosing a place to rent. Setting some budget aside and sprucing up each of the kitchens in your apartment building will be a good investment for now and in the future. This is a long-term task that will require forward planning, so it’s best to get started with this idea sooner rather than later.
It’s clear to see that there is so much you could be doing in order to create a more appealing, modern and welcoming environment for your tenants. Whether you’re hoping to bring in more fitness conscious people with a fresh fitness center, or you’re hoping that new windows improve the overall aesthetics of the building, there are so many lucrative changes you can make. Creating a modernized, safe and alluring apartment complex is easy when you are willing to set aside the time and budget. Although your days may be full of administrative tasks and business growth plans, you should always create time to improve what you already have. This will not only enhance the experience of your tenants, but it will give your building a positive reputation for new renters coming in.
Hopefully, some of these ideas will provide you with some inspiration so that you can make all of the necessary changes to your apartment building. Slow and steady wins the race, and with all of these ideas on hand, your complex will gradually make its way to the top spot in your local area!
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