601.362.9633 613 Crescent Circle, Suite 102
Ridgeland, MS 39157

apartment buildings for saleInvesting in multifamily properties offers many benefits over single-family homes. For example, your monthly income is more consistent since vacancy rates do not have the same impact on the bottom line. That isn’t to say that everything is perfect. You still have to handle leasing to new tenants, maintenance, and upkeep of the property, unless you hire a management team that runs it all for you. At some point in your ownership, you will need to decide when it is time to renovate your units and if the return on investment is worth it. Whether you currently own or are looking for apartment buildings for sale in Mississippi, knowing when it is time to remodel is vital to keeping your portfolio vibrant and growing.

5 Reasons to Remodel Your Apartment Buildings

From easy fixes to more intensive renovations, providing a comfortable place to call home encourages continuously filled units, which increases your bottom line. When deciding if now is a good time to start some remodeling projects, consider these five reasons to move forward with your plans:

  1. Stand Out from the Crowd: Making your property as attractive as possible to new tenants entices them to rent from you. The more polished your units and buildings look, the higher quality of tenants that seek you out. You may be able to charge a higher monthly rent.
  2. Improve the Property’s Energy Efficiency: Upgrading appliances or windows to energy-efficient versions keep your renters’ utility costs down, which can be a huge selling point for you.
  3. Increase Your Property Value: It’s possible to increase the value of your property – a benefit if you are looking to sell later. You will want to weigh the pros and cons to see how soon your improvements will increase the value.
  4. Improve Your Tenant’s Satisfaction: Renters who renew their lease are a landlord’s pride and joy. To ensure they want to stay, upgrade appliances, countertops, and make other improvements that mean fewer service calls and greater tenant satisfaction.
  5. Potential Tax Deduction: You may be able to deduct fixes from your property’s taxable income. Be sure to consult with your accountant first.

Choose The Estes Group for Your Next Apartment Building Acquisition

Improve your financial portfolio by scouting apartment buildings for sale in Mississippi. The team at The Estes Group stands ready to work with you to find the best properties to fit your wealth-building goals. We believe a client-centered approach works the best.

If you are a hands-off owner who prefers experts to handle the day-to-day tasks, talk to us. We can help with our brokerage and transaction services, property and asset management, investments and acquisitions, development services, and court-appointed receiverships. Are you looking for real estate in other states? Ask us about opportunities across the Southeast in Alabama, Tennessee, and Louisiana today.

Call us at 601-362-9633 or contact us online to discuss your real estate goals with our knowledgeable and experienced investment property brokers. We’ll help with finding the best apartment buildings for sale in Mississippi that will deliver steady and ongoing return on investment.