Renters can be tough critics, but the key to successful multi-family properties is having people actually want to live there. Frank Roessler from Ashcroft Capital discusses three design trends that are all the rage in multi-family properties.

1. DESIGN
TRENDS
FRANK ROESSLER
MULTI - FAMILY PROPERTY

2. When it comes to doing upgrades on real estate investment properties, some upgrades will
allow you to charge top prices for your rentals, attract the highest quality tenants and
ensure your properties never sit empty for long. Conversely, however, there is always going
to be a natural cap set by the market as to what you can charge. The goal is to do smart
upgrades that will bring you the best ROI. Here are 4 multi-family design trends to help you
have the most in-demand building on the block.

3. SMART HOME FEATURES
Smart devices like smoke alarms & CO2
detectors, thermostats and even smart door
locks are becoming more and more economical
and even easy to install. Not only can they help
you command a top price for your rentals, but
they can also help you better manage them
when or if they are ever empty. Smart door
locks, in particular, tend to pay for themselves
over time because you don't have to replace the
locks every time a tenant moves.

4. COMMON AREAS
In a world that is becoming increasingly
connected, humans are feeling more
disconnected than ever before. Human
beings, on the whole, tend to experience
a deep longing for community, so
providing areas for them to gather
together can have a significant value.
Some high-value communal areas
include space for a community garden, a
co-working space for the rising number
of people working from home or even
picnic tables and a grill.

5. MODERN KITCHENS AND
BATHROOMS
Kitchens and bathrooms are not just utility
spaces, but areas where tenants will spend
a great deal of time performing a wide
range of daily tasks. They need to not only
be beautiful but functional. You might be
surprised at how much turnover you can
have from tenants from really simple
inconveniences like always having to close
one thing in the kitchen before opening
another. Today, there are a wide range of
design options to make even the smallest
spaces supremely functional, so take
advantage of them.

6. STORAGE
The self-storage industry in the US is
a $38 billion a year industry that
offers more than 1.7 billion square
feet of personal storage space.
People have a lot of stuff and no
matter how avidly they adhere to
Marie Kondo's principles, they still
want places to store their extra stuff.

7. THANK YOU READING!
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