Entice Renters and Buyers of Multifamily Apartments with Updated Curb Appeal

The market is hot for commercial properties. People seek places to rent in record numbers and landlords enjoy increased leases and revenue. Real estate is like most markets where it runs in cycles. If you keep your eyes and ears open, you may hear talk of the housing market cooling in some locations. It may not hit the areas in which you are currently investing, but it will happen at some point. So what can you do to keep your properties enticing to current and new tenants, or those ready to buy multifamily apartments? Invest extra revenue in updating the curb appeal of your real estate.

5 Ways to Increase Curb Appeal of Your Multifamily Apartments

Your properties will encourage or discourage a second look by a prospective tenant or buyer based on how well the outside is maintained. Work with your property management company to ensure the following:

1. Update the Parking Lot: Existing and prospective tenants enjoy driving on a smooth surface. If there are existing holes or the lines are faded, it’s time for a revamp. By filling potholes and long cracks, you save the wear and tear on your tenants’ vehicles, which they greatly appreciate.
2. Fix Sidewalks and Walkways: Crumbling and cracked concrete are hazardous to tenants and guests. It can also suggest a lack of concern for others’ safety. Like the parking lot, a well-maintained sidewalk is welcoming and inviting to those you want to entice to lease from you.
3. Spruce Up the Landscaping: Fresh shrubs, flowers, and mulch make an excellent addition to boost curb appeal. Choosing plants that don’t require constant trimming is a perfect addition to increasing curb appeal for your multifamily apartments.
4. Create Outdoor Recreational Space: As families move in, they will want safe places to relax outside and let their children play. Find open areas where you can place grills, benches, and picnic tables so that your tenants will feel comfortable spending time outside. They will be more apt to renew their leases and recommend your property.
5. Power Wash the Exterior of the Buildings: Dirt and mildew build-up along the outside makes your buildings look drab. Using a power washer can freshen things up. Use it to clean walkways, outdoor patio furniture, fences, pool decks, and other shared areas.

Work with a Premier Property Management Company

You don’t have to do any of the heavy lifting when you choose a premier property management company to maintain your multifamily apartments. The Estes Group has a variety of services to meet all your real estate investment needs, including transactions, property and asset management, investments and acquisitions, and development services. We work with investors and owners to ensure their commercial properties are well-maintained. Contact us when you are ready to work with a client-focused broker. Let’s work together to find the best multifamily apartments for your portfolio-building goals.

Call us at 601-362-9633 or contact us online for help when you want to buy multifamily apartments in Alabama, Mississippi, Tennessee, and Louisiana.