Design Trends You Need in Your Multifamily Property

Source: Elle Decor

Source: Elle Decor

While having your updates and renovations be cost effective is always a priority, you also want them to stand out from the competition to draw in prospective tenants. By incorporating new design trends into your units you will be able to catch the eye of tenants and create a timeline look for years to come. Here are a few of our favorite design trends to incorporate into your multifamily property:

Dark Cabinets

While the majority of properties keep their cabinetry some sort of wood finish, you can stand out from the competition by incorporating darker cabinets. We would suggest something like a navy or charcoal black cabinet. This will give your units a sleek, modern feel helping to increase the value add and rental prices for each of your units.

Two-Toned Cabinets

Another option you can try with cabinets is a two-toned look. Not only is it on-trend but it also adds dimension, giving your kitchen an elevated, modern appeal that others in the area may not have. We recommend going with darker cabinets on the bottom and white or a lighter color on the top. The different colors will create a strong visual contrast to make your property’s kitchens pop!

Pendant Lighting

While lighting might seem like a minor detail, it can really pull a space together. Strategically placed pendant lighting over a breakfast bar, kitchen island, or dining room table can be a great way to add a unique touch to your units. There are plenty of options choose from meaning you can find just about anything to work for your property.

Dark Walnut Colored Floors

Replacing carpets between residents can become rather costly over time. Opting for a wood laminate plank or a luxury vinyl can give you the same feel of hardwoods for a fraction of the cost helping you avoid the continued cost of replacing carpet. We love a dark walnut color for an instant luxurious feel in your units. The darker floors will contrast nicely with traditionally lighter colored walls or even a colorful accent wall if you opt for that. Future residents will happily pay a premium for the elevated look of hardwood floors.

Shaker-Style Cabinets

Clean, minimalist design isn’t going away any time soon if you ask us! If you’re doing upgrades to your unit kitchens, consider using shaker-style cabinets. These provide clean, modern lines future residents will love. Plus, you can get them in a variety of colors to suit your property’s style.

Waterfall Edge for Counters

If any of your units have a peninsula or island in the kitchen, you should consider upgrading the countertops to have a waterfall edge. The feature has been featured in upscale properties across the country and will definitely help you attract a higher rent per unit.

Out-of-the-Box Backsplash

It’s easy to install standard backsplash in your units but that doesn’t do much to help make your property memorable or modern for residents. You don’t have to go crazy but trying something with a geometric pattern will combine a graphic interest with a classic outline making your property stand out from the rest.

As you can see, there are several trends you can incorporate into your property to help give an updated, modern look to your units. While some may have a larger upfront cost, they will all help attract a premium rent boosting your bottom line. Interested in including any of these trends in your renovations? Contact us today!

How Your Finishes Can Help Elevate Your Property

When renovating your multifamily property, no detail is too small including your finishes! Upgrading sink fixtures, drawer or cabinet pulls, and backsplash tiles can help elevate your property further during your renovation. Today we’re exploring trends and finish upgrade options that you can incorporate into your design to elevate your property that will allow you to charge a premium price.

When making renovations, the kitchen and bathroom are two places renters look for updated features and where they see the value in the unit. Here are some features you may want to consider updating:

  • Countertops
  • Flooring
  • Backsplash
  • Hardware Finishes
  • Plumbing Fixtures
  • Lighting Fixtures

Countertops

While having granite or quartz countertops can attract renters willing to pay a high premium for your units, an inexpensive way to get the “wow” factor without replacing your countertops is by resurfacing them. You can opt for a smooth single color glossy finish, pick from several predesigned or design your own tri or quad colored speckled finish in gloss or matte.

Looking for a countertop specialist? In the DFW area, we use “The Option Company” based in Carrolton, TX. They have the best quality products with the best warranties on their products at competitive pricing. They are super easy to work with and we can’t recommend them enough! Contact David Pimenta at (972) 466-4116.

Flooring

Consider installing a hard floor option for the wet areas and the living/dining room areas and only installing carpet for the bedrooms. This helps open up the space when you do this. However, in apartments, this can be loud for downstairs neighbors in older buildings so in those cases, you may want to only do hard floors for the first floor apartments only.

If you opt for hard floors, you may want to consider one of these trendy options:

  • Wood laminate plank: This is a multi-layer synthetic flooring product that is specifically designed to give the appearance of real wood at a fraction of a cost.
  • Luxury vinyl: This is a new category of flooring that combines the high-end look of hardwood with the durability of vinyl while still looking like real wood.

Backsplash 

Updating the backsplash in your units is a great way to quickly elevate your property’s unit. While subway tiles and other simple patterns are looked at as timeless designs, you might want to consider trying something different. You can do this by trying a unique pattern or by using a different material -- such as metal or wood. By trying something a little outside of the box, you will give your residents something to consider that is different than your competition. Some backsplash ideas you may want to consider include:

Plumbing & Hardware Fixtures

Changing the hardware on your cabinetry and plumbing fixtures can really add the finishing touch on your bathroom and kitchen renovations.

Consider skipping the usual nickel or brass and opt for something more on-trend like gold, copper or an updated finish. Hammered finishes are set to be popular for 2017 continuing the trend of modern industrial and could be a great touch for your design. Another desired feature renters find value in that you may want to consider for your cabinets and drawers are soft-close options.

Lighting Fixtures

Another feature you should take into consideration while making renovations is your lighting fixtures. Lighting is often a feature that can date a multifamily property so if you are renovating an older property this is one area that can help bring a modern touch. Residents are attracted to well-lit spaces so it’s important that your finishes and fixtures provide this whenever possible.

No matter how big or small the renovation you are planning for your property, attention to detail during your project can have lasting effects. If you are considering a project and would like to maximize your ROI in the New Year, contact us today!

Easy Ways to Decorate Your Clubhouse for the Holidays

With the holidays just around the corner, now is the perfect time to talk about how getting in the holiday spirit can make an impression on your current and future residents. How can you do that? We’re talking about adding some cheer and happiness to your clubhouse! You don’t need to go all out and spend a huge chunk of cash either. A little decorating can go a long way making your clubhouse feel fun and festive throughout the holiday season. Let's take a look at how you can achieve this in a simple, tailored and cost effective way.

Touches of nature always look cozy and inviting. I love blending natural elements with a clean monochromatic color scheme of white, black, silver and gold metallic. This way, you can have some fun with bolder colors by adding décor pieces with vibrant tones. This will help create an overall balance that combines minimalism with a certain depth and sophistication. It’s important to keep it looking clean and fresh yet festive without creating a cluttered environment. Get inspired with these standard, inexpensive items that can be styled in a variety of ways:

  • Natural wood accessories
  • Magnolia or Fir tree wreaths. Keep it natural or spray paint it to add some pizzazz
  • Rustic lanterns
  • White candles – tapered, votive or standard sized
  • A white colored fir tree garland or a pre-lit spruce tree garland
  • A bright message banner in metallic colors
  • Pine cones, tree branches, bright berries, and/or mistletoe
  • A variety of fun ornaments – vintage, modern, fabric, glass – mix it up! As long as they are colorful and unique
  • A variety of glass jars, vases, and votives
  • Decorative natural or metallic bowls, cake stands, and decorative platters

An easy way to add a touch of the season is by filling the vases, jars, bowls, or platters with different decorative elements that reflect the holidays. For Thanksgiving, consider filling them with unshelled nuts, dried wheat, small gourds, ornamental corn, and even bundles of twigs. For Christmas/Hanukkah, you can fill these with anything from ornaments, pinecones, holly or berries, and other greenery (use plastic greenery that you can use year after year to save on cost too!) to candy such as candy canes or ribbon candy.

Placing these around the clubhouse on various tables and on your mantel (if you have one) will add a touch of the holidays and create a warm and inviting space, which is what the holidays are all about! It is important while decorating for the holidays to also keep your colors and tones in mind. Selecting neutral tones for decorative pieces that are metallic, white, or neutral wood tones can be a great option for creating an inclusive feeling no matter which holiday your residents celebrate!

A wreath is another easy decorative element that can be changed for each holiday. You can easily change the ribbon or add ornaments, pinecones, burlap, faux berry branches, or greenery to take your wreath from holiday to holiday. Hang it on the front door to your clubhouse to welcome residents and future residents in a festive and easy way!

A few other fun, cost effective ideas?

  • Line any doorway with a pre-lit Spruce or Pine garland to create a welcoming walkthrough
  • Fill a cornucopia with small pumpkins, gourds, and dried wheat
  • Line the front door with piles of pumpkins and gourds
  • Add Mums and potted croton to fill in the color at the entrance
  • Dress up your fireplace with greenery and festive votives
  • Tie ribbon around pillows to transform them into presents

Not only is changing up your decor an easy way to get in the holiday spirit, but it may even inspire you to host a resident event! You could host anything from a gift exchange to cookie decorating to a cocktail hour. Hosting an event is not only a great way to show your appreciation for your residents but it is a great opportunity to get to know your community members in a fun and informal way.

If you are looking for some help transforming your clubhouse for the holiday season and beyond, contact us today for a consultation.