Before and After!

by | Sep 27, 2023 | Investing Advice | 0 comments

Before and after pics are fun to look at, but there’s much more to it than that from the multifamily standpoint… much more!

For instance, when we purchased Sunset Village in Alice, Texas we considered what was cost effective and practical from both the investment side AND the tenant perspective.

The obvious factors that impact rent are kitchens and baths, however, common spaces are huge as well. Areas like gym, mailroom and laundry often get overlooked.

Updated common spaces not only show well, they can be relatively cheap to transform using materials and labor that are already on site. These spaces also help round out decisions for people on the fence between properties.

This equals more bang for your investment buck when considering cost analysis between renovation cost and an up charge in rent. It truly is a win-win!

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