Boost NOI and Attract Residents with These Capital Improvements
Last modified on February 23rd, 2021
COVID-19 has changed the way society thinks about the spaces where we work and live. What was nowhere near top of mind one year ago is now at the forefront. For multifamily operators who depend on satisfied residents to keep vacancy low, there has never been a greater need to adapt to change changing preferences and changing times. One way that you can adapt is by considering some new and timely capital improvement ideas, just in time for leasing season.
Current managers can implement the following ideas as a way to attract and retain residents, while value-add investors can use these as a way to further pencil out certain deals.