The National Apartment Association took a look at what upgrades increase resident retention and raise rents. Smart technology, flooring and new appliances are all discussed.
Value-add is hot. At this point in the cycle, it is harder to make money building or buying pristine, core apartments. But if you can add value through renovation—taking an apartment community from a B-minus apartment to a B plus or an A, there is still potential to make a significant return. — “Apartment Upgrades That Move the Needle,” National Apartment Association
To get the scoop and learn more about the upgrades that move the needle the most, click here.