James Burbach, a REALTOR® and broker associate with Keller Williams Realty Moorsville, focuses his practice on commercial real estate. James Burbach draws on an in-depth and current awareness of those amenities that suggest high potential returns.
For investors in multifamily property, tenant appeal is key. The property must have those basic amenities that contemporary renters have come to expect - fitness centers being a key example. Tenants notice when those features are missing, but they are even more likely to notice a high-end feature that they did not expect.
Community gathering spaces are becoming attention-grabbers for today's tenant, as are integrated technology systems. Busy renters appreciate being able to access Wi-Fi in common areas and print remotely from their own devices. In-unit smart home features are becoming similarly popular, provided that the infrastructure on the property can support intensive use.
Finally, renters are becoming increasingly interested in energy saving features and sustainability. Residents often actively seek those spaces that promote responsible resource use, particularly if those spaces understand a resident's need for access to the outdoors. For this reason, features such as dog exercise spaces and outdoor patios can significantly increase a property's appeal.
