By Marketing Team. For more information, contact Robert Parmar
To thrive in A and B asset class multifamily housing, you need to go all-in on the most sought-after and in-demand apartment community amenities.
These tenants are not only looking for just a roof over their heads, but they are also vying to augment their lifestyle.
Your commitment and additional capital spend will pay-off in the form of higher rents, increased lease renewals, lower vacancies and a better reputation. Your mantra as a property owner or manager is clear: invest wisely, stay ahead of the curve, and create living environments that resonate with the desires of today’s tenants.
These six in-demand amenities can separate and be the cornerstone of your property. They can breathe life into it and transform it from a mere structure into a vibrant community where residents truly feel at home.
If you need help managing capital improvements at your rental property, don’t hesitate to contact us at Summerfield Property Management.
Wellness/Fitness Space
Fitness and wellness centers have become the most sought-after features in the world of in-demand apartment community amenities and for a good reason. With hectic schedules, work from home, and the constant hustle of urban life, residents crave accessibility to a healthy lifestyle right at their doorstep.
A well-equipped fitness center not only saves your tenants a lot of time but also acts as a sanctuary for those looking to squeeze in a workout between work meetings or whenever the mood strikes.
Fitness and wellness centers aren’t just about physical health; they also foster a sense of belonging. They offer your tenants the chance to connect over shared goals, classes, and even post-workout smoothies.
They create a community within a community and that’s the kind of environment that keeps your investment property in high demand and gives you a competitive edge in the marketplace.
Pet-Friendly Amenities
Pet owners are a significant demographic, and their needs are a driving force in the multifamily housing business.
By providing pet-friendly amenities, you tap into a vast pool of potential residents actively seeking such features and you also align your property with the desires of a growing number of renters.
Pet-friendly amenities aren’t just about allowing pets; they’re about embracing them.
Picture a community where residents can stroll through well-maintained pet parks and mingle at dog-friendly events. This kind of inclusivity caters to a wide audience, making your property stand out in the competitive landscape of in-demand apartment community amenities.
Package Locker and Concierge Service
With the rise of e-commerce, package lockers have become one of the most necessary apartment amenities.
They offer your tenants a secure and efficient way to collect their online orders at any time and spare them the hassles of multiple trips to the post office.
Concierge service is more valuable than ever. Whether it’s assisting with deliveries, arranging dry cleaning, or even recommending local hotspots, a concierge mentality adds that special touch that elevates your tenants resident experience.
Smart Home Integration
In an age where smartphones are practically an extension of ourselves, residents are increasingly seeking living spaces that sync with their tech-driven lifestyles. For this reason, offering smart home technology solutions isn’t just a perk; it’s a response to the growing demand for connected living.
Mobile application systems that allow tenants to control their locks, thermostats, and lighting offer residents the flexibility to manage their homes from almost anywhere. This blend of convenience and added safety make for an attractive apartment amenity not to forget to mention they contribute to energy efficiency too!
Green Space
For urban properties, the hustle and bustle of city life, a green oasis becomes a sanctuary for residents. Whether it’s a lush courtyard, a community garden, or a serene park, these green spaces provide a breath of fresh air—literally and figuratively.
Green spaces stand out among in-demand apartment community amenities because they have the remarkable ability to foster a sense of togetherness. Think of the bonding that happens in a barbecue area where neighbors gather for weekend cookouts or at a cozy fire pit that becomes the heart of evening conversations.
These spaces transform a property into a community, turning it into more than just a place to live but a place to belong — a critical factor in the realm of in-demand apartment community amenities.
Secure Parking
You may not think that parking counts as an amenity but in urban living, where every square inch matters, having a secure parking space is like having a guardian for your vehicle.
Gated parking and well-lit areas not only deter unwanted guests and enhance security but also provide residents with the assurance that their cars are in good hands.
A well-designated and well-maintained parking area also means no more circling the block or worrying about finding a spot. These factors make secure parking one of the most in-demand apartment community amenities.
Stay Ahead of the Curve:
In today’s dynamic multifamily business, where the competition is fierce and options abound, failing to provide the best apartment amenities can turn a promising property into an underperforming asset. Forward-thinking owners and property managers embrace this.
They stay ahead of the curve by providing their tenants with the kind of in-demand apartment community amenities that gives them the ultimate resident experience. It’s only by adopting this mindset that they can unlock the full potential of their investment.
If you’re a multifamily owner/operator and you’re looking to up your game with top-of-the-line apartment amenities, please reach out to us at Summerfield Property Management. Our team is more than happy to help.
