News - Multifamily Renovations & Construction

How Multifamily Renovations Can Lead to Rent Increases

Published on March 27, 2025

Property owners almost always increase the rent prices of their multifamily properties after renovating them. It should not be surprising since it costs property owners a lot of money to add amenities and upgrades. So, they want to offset the cost of the renovations by charging their tenants more money. Tenants are willing to pay […]

How to Prepare Your Apartment Property for Freezing Temperatures

Published on January 3, 2025

The summers may be getting hotter, but the winter and early spring seasons still bring icy cold temperatures. Apartment owners need to make the necessary preparations to protect their properties before the freezing temperatures arrive. Otherwise, it could result in property damage and personal injuries. It was not too long ago that Texas experienced freezing […]

Essential Tips for Winterizing Your Multifamily Property

Published on December 3, 2024

Winters can bring harsh cold snaps, icy conditions, and freezing temperatures, making it essential to properly winterize your multifamily property. Doing so not only protects the building from potential damage but also ensures your residents stay safe, warm, and comfortable throughout the season. Taking the necessary precautions now can help safeguard your property and create […]

Breaking Down the Cost of Renovating a Multifamily Property

Published on November 1, 2024

There is no fixed price for renovating a multifamily property. If it is an older property, it will usually cost a lot more to renovate than a newer property. Basically, the renovation costs depend on several different factors, such as the following: Age of the structure The number of units Square footage of each unit […]

How to Prepare Your Multifamily Property for Winter Weather

Published on September 23, 2024

Multifamily property managers and owners must plan and take precautions before the cold winter season arrives. Winters can bring below-freezing temperatures that can cause all kinds of problems on your multifamily property, such as cold tenants, frozen pipes, malfunctioning HVAC systems, poor insulation, and clogged gutters. All these things can lead to unhappy tenants and […]

Why Coworking Spaces Have Become the Most Popular Amenity for Multifamily Properties

Published on August 4, 2024

There are more self-employed and remote workers than ever before. The digital age allows entrepreneurs and white-collar workers the freedom to work from home in dedicated workspaces away from traditional office space. Multifamily property owners and apartment building owners can turn almost any community space into a coworking space to attract tenants who work from […]

How to Prepare Your Multifamily Property for a Heat Wave

Published on June 26, 2024

Some people roll their eyes when they hear about heat waves on the news. But what they do not realize is that heat waves are much more dangerous natural disasters than hurricanes and tornadoes. Heat waves have the potential to cause people severe health problems and sometimes even death. The term “heat wave” describes a […]

Why Your Multifamily Property Needs a Dog Washing Station

Published on May 18, 2024

Did you know that more than 50% of American dog owners reside in the 25 largest metropolitan areas in the United States? If you own a multifamily property in a city or central urban location, you can expect to encounter prospective tenants who are dog owners. Of course, you could decide not to allow pets […]

How Renovating Your Pool Area Can Increase the Value of Your Multifamily Investment Property

Published on April 21, 2024

Due to the increasingly high cost of living, more people than ever are looking for quality homes and apartment units to rent. Multifamily properties make such lucrative investments because you can capitalize on the growing demand for high-end rental properties by earning a substantial passive income from them. Of course, you need to compete with […]

Everything You Need to Know About Make Ready Maintenance

Published on January 30, 2024

Multi-family property owners and managers must ensure that the walls, floorings, ceilings, utilities, and appliances of their unoccupied units are in satisfactory condition before renting them out. After all, nobody would want to rent a dirty unit with faulty appliances, electricity, and plumbing. The process of improving the living conditions of an unoccupied unit is […]

The Benefits of Submetering for Multi-Family Properties

Published on January 23, 2024

Every residential house has an electric meter to measure the amount of electrical power consumed on the premises in real-time. They also have an equivalent water meter for measuring the amount of water usage. Utility companies depend on electric and water meters to accurately calculate a customer’s utility bills at the end of each month. […]

Peak Renovations News