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:
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.
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!
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.
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.
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!