8 Ways Management Can Help Enhance an Apartment Complex

Other than charging reasonable and affordable rents, there are quite a number of ways to improve and enhance an apartment complex. Here are eight to get you started in enhancing your apartment complex.

1. Site Audit

First, you have to find out what’s wrong with the buildings that make up your apartment complex. As well, you have to find out what’s what with all of the leases. Once you have all of the relevant information gleaned from your site audit, then you can begin the improvements.

2. Renovations

Even just a fresh coat of paint will brighten up a drab apartment. You can replace “harvest-gold” appliances with modern versions, upgrade fixtures and wiring, and generally make the apartments look better and feel more inviting.

3. Parking

Ideally, there should be one parking spot and one guest spot for each apartment. In the real world, though, there is seldom space for that. However, you should at least have one spot for each apartment and a few guest parking spots. Additionally, your parking lot should be free of potholes and other hazards, and everything should be well-marked.

4. Laundry

You can go the “low route” and install common area laundry facilities. Or, you can add a washer and dryer to each unit in your complex. They don’t have to be of regular size. Smaller washers and dryers that are just for apartments will do just fine.

5. Storage

People have lots of stuff. Sometimes, it’ll all fit in their apartments, and sometimes it won’t. In the case of the latter, it would be a good idea to offer onsite storage. Then, people will have a place to keep the stuff that won’t fit inside their apartments.

6. Pets

Allowing pets will broaden your pool of prospective tenants. Put in a dog park. Offer a fenced-in area for cats to frolic outside. Sure, you might have to charge a pet deposit, but two out of three households in the United States have a pet. If you disallow pets, then you’re cutting out two-thirds of the population.

7. Vending Machines

Your tenants may want a midnight snack, but they might not want to go all the way to the convenience store. Having vending machines available would be a welcome convenience for your tenants without the trip to the store. Alternatively, you could also have a vending machine with household products and/or laundry supplies. Or, you could have both.

8. Adequate Lighting

The best idea would be to replace all old lighting with LEDs. They use far less power than their incandescent counterparts. Also, it would be a good idea to increase lighting all throughout the complex so that there’s no place for nefarious characters to hide. It’d be safer for everyone who needed to walk around the complex during darkness, such as to the vending machine, laundry facility, or the dog run.

Of course, there are even more ways to improve your apartment complex, and these eight should give you more ideas to make it better.