Improving your apartment complex can increase its value and help you attract and retain desirable tenants. Periodic improvements can keep the apartments fresh and relevant, and maintenance decreases the need for expensive repairs. Discover the best improvements to make at your apartment complex.
Update Safety Equipment
Protect residents with updated safety equipment. Safety equipment can guard against hazardous events and keep people and property secure.
Fire safety requirements vary by region. If you live in New York City, for example, you need to know about the NYC fire sprinkler code, which includes standards created by the National Fire Protection Association and the NYC Department of Buildings. Follow the latest local requirements regarding smoke alarms, fire sprinklers, and fire extinguishers.
Renovate the Interior and Exterior
Apartment renovations can improve your business’s competitive strength. Strategic interior painting is a cost-effective way to make units feel more modern and stylish. Upgrade light fixtures to make apartments look brighter and more inviting. New flooring materials are easy to care for and will look as good as new for years with proper maintenance.
Renovating the exterior is another essential apartment complex improvement that boosts curb appeal and protects the buildings from weather damage. Maintain the roofing and paint to keep your units looking their best.
Improve the Parking Lot
Poorly maintained parking lots can create safety hazards and leave a negative impression. Protect your property and tenants’ vehicles by implementing routine lot care. Parking lot maintenance includes cleaning, filling cracks and potholes, painting stripes, repairing asphalt, and sealing. Landscaped islands or borders make parking lots more beautiful.
Accessible parking isn’t just a legal requirement; it’s also a great way to attract tenants. Follow guidelines from the Americans with Disabilities Act (ADA) to ensure parking lot accessibility.
Finally, offer a variety of amenities to tenants to create a more attractive place to live. Consider the in-unit and community amenities you can provide to attract target demographics.
Tenants enjoy amenities such as storage units, vending machines, fitness centers, and outdoor recreation areas. And consider pet amenities like dog runs, a wash station, and a pet spa if your facility allows pets.