Apartments are a popular way of living for many people, and especially so with the younger generations. With the older gen z population stepping into the adult world, the demand is on the rise. A great way to attract the newest generation of renters is by upping the appeal of your apartment building design.
It’s important for existing apartment complexes to think about how to increase property value in a cost-effective manner. This can be done in many ways, like adding elements to the apartment building design, or simply making some minor enhancements. Let’s take a look at a few ideas.
One of the things many tenants look for when searching for an apartment – and an area in which many buildings fall short – is adequate parking. Coming up with a solution to add more available spaces, or even making improvements to the security or structural soundness of your existing parking will make the complex that much more attractive to potential tenants, and increase the overall value.
Just a few small internal changes to the units can bring so much value to the apartment complex. Changing out the hardware or light fixtures can completely elevate the space. Or if you have the budget, a full internal makeover with new floors, appliances, and a fresh coat of paint can bring the value up tremendously.
Amenities for Residents
A surefire way to set your apartment complex apart from the rest is having next-level amenities available to your residents. This might mean adding a fitness center, washers and dryers in the units, or something as small as vending machines. Depending on your location, one of the most sought-after amenities is a pool. Just be sure to carefully plan out the design of the pool, ensure you have a proper pool deck for your space, and keep it all sealed and maintained.
When thinking about how to increase property value, lighting should be at the top of the list. It can make a huge difference by just changing the lighting, both indoors and out. Try switching bulbs for LEDs – bringing light to the space while saving tons of electricity. Illuminating outdoor walkways and staircases is also a must, not only to add a design element but also to keep everyone safe.
Enhanced Outdoor Spaces
Since apartments don’t typically have private yards, one way to enhance your complex is focusing on the outdoor common spaces. This could mean adding beautiful walkways for your tenants to enjoy, or putting in outdoor seating. However, one of the best ways to really transform your apartment building design is to add balconies. There are many different types of balcony structures you could add. They serve as a functional, private outdoor space for tenants, and add to the overall look and feel of the building, while increasing the value.
Providing a safe environment for your tenants will cause the value of your property to go up. This includes things like proper handrails on staircases and balconies, appropriate signage, and of course, protection from water damage. Waterproofing your balconies, staircases, and outdoor spaces is essential for keeping tenants protected and keeping your property in great shape.
Experts at WICR can help not only waterproof your apartment but ensure railing safety, balconies are up to code, and help with construction. Ready to take your apartment complex to the next level? Visit WICR to schedule a consultation.
WICR Waterproofing & Decking is Southern California’s premier waterproofing and decking specialist covering Los Angeles, Orange County, San Diego, Riverside, and San Bernardino counties. We are trained by all the major manufacturers of waterproofing systems so that we can install or repair any waterproofing project. Please visit us at www.WICRWaterproofing.com