5 Multifamily Housing Trends to Utilize Outdoor Spaces
Competition in the property rental market is stiff and property owners and managers need to use all available avenues to turn their properties into tenant magnets in order to stay afloat and turn a profit. Open spaces for lounging, cookouts, kids’ play, are what many residents look for when searching for a rental apartment. In your next renovation project, talk to your multifamily housing contractor to make the most out of your outdoor spaces, especially the rooftop. Consider these five trendy renovation ideas to create the ultimate outdoor living spaces for your tenants and enhance the rentability of your building.
1. Multiple Seating Areas
Multiple seating is a must to make outdoor spaces attractive for tenants and their guests. Either coordinate the seating with the natural surroundings by using rustic wood furniture or go trendy with chic outdoor couches or chairs. To make the seating area eye-catching, add some bright colored cushions, and for contrast, give a touch of elegance to the decor.
2. Outdoor Theaters
An outdoor theater is among the most attractive amenities in a rental property. It goes beyond a big screen for watching movies by bringing people together for socializing, be it family get-togethers, summer BBQ, or any other event. A retractable screen and comfortable seating accentuates the experience of outdoor entertainment.
Cabanas are colorful and the best hangout spot during sunny days when you want to sip on a cool lemonade, enjoying some fresh air, and just chillax. Vitamin D is another add-on. If you have a pool, adding cabanas to the poolside creates a perfect spot to enjoy the sun and some shade. Cabanas also act as living space for adults to enjoy their free time and a playground for kids.
4. Fire Pits
A smartly-installed fire pit can set the scene for any evening. A fire pit, modeled with stone and other earthen materials not only accentuates the outdoor decor but also provides a cozy space for social gatherings and parties. Fire pits with trendy and comfortable seating is all you need to make the most out of your outdoor space. Discuss this option with your multifamily construction contractor.
5. Outdoor Kitchens
Make your outdoor spaces more functional by adding outdoor kitchens along with provisions for a seating arrangement. You can add anything from stones, earthen wear, to wooden seating to make the kitchen more captivating than average indoor kitchens. Using granite kitchen tops adds a luxurious appeal to the outdoor decor. Having outdoor kitchens also means tenants can anytime rent out the space for larger events.
Many multifamily housing investors are moving towards more tenant-friendly practices that involve utilization of outdoor spaces to create ample entertainment provisions. Whether it is barbecuing by the pool or hosting a house party, tenants can utilize renovated outdoor spaces as an extension of their homes. If you are looking for a multifamily housing building contractor for your renovation project, look no further. We, at URSG, leveraging our years of experience in multifamily housing renovations, can help you renovate your outdoor spaces in the most cost-efficient manner, thereby making your housing property rentable and more tenant friendly. Talk to us today at (972) 432-6922 or you can use our contact form for a fast response.