When you own and operate a multifamily property, you are mixing business with personal. Providing homes for families is a truly essential undertaking, and the space you create for your tenants can be life-changing for them. Though some multifamily properties are just up to code and nothing extra, many property owners take great time and care in making their properties into true homes for their tenants. This level of care increases tenant retention, increases the value of your property, and creates incredible appeal for potential new leaseholders. There are many ways to go above and beyond to care for your multifamily property. Here are just a few ways to enhance your building and make it truly feel like a home by partnering with a general contractor in Louisville.
Replace the Flooring. No matter how deeply you clean the floors in your units, you can never truly get them as clean as when you installed them. Many clients depend on their units to be clean when they move in, and having old or dirty floors turns away potential tenants. Because units are used over and over by many tenants, it’s best to replace the flooring every 5-8 years or after every third new tenant.
Repaint. Adding a new coat of paint is a wonderful way to make a unit look presentable and feel clean. Some smells, such as pet odor and cigarette smoke, cannot be removed with a simple cleaning. Repainting between tenants is a huge selling point and will ensure that each new tenant begins with a clean slate.
Upgrade windows and doors. Windows and doors need to be replaced every 15 years or so, and many commercial properties lose track of that timeline. If your windows and doors haven’t been replaced recently, it’s time to do so. Not only will this benefit your tenants and improve the unit’s appearance, but it will also help you to save on energy costs and may even grant you some tax breaks.
Replace the concrete. Old, cracked concrete is a recipe for trips, falls, and lawsuits. To keep your property safe for your tenants, make sure to maintain the concrete and replace it when it’s cracked or uneven.
Remodel the kitchens. One of the biggest things that potential tenants look at is the quality of the kitchen. Upgrading appliances and making sure that the cabinets are not old or chipped can really enhance the appeal of your units. As the heart of the home, kitchens suffer a lot of wear and tear, and many multifamily properties neglect to upgrade. Doing so gives you a significant edge.
General contractor in Louisville
These enhancements can be stressful to go through alone. DIY projects generally don’t last as long and are often not worth the extra time and effort. For a commercial contractor who has experience with multifamily homes,contact Contractors Inc. With decades of experience, we can handle any job you may have, big or small. We are proud of the work we do and can’t wait to help you enhance your investments, so they can provide for you and your tenants for years to come. Don’t wait — begin your renovations today.
Tusted Commercial & Multifamily Contractors since 1999.
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