DIY / Home Improvement

3 Tips to Building a Luxury Townhome Rental Community

If the time has come for your company to design and build a new luxury townhome rental community; where to start?

Before you do the first design, having a solid property management company on your side is key.

Having the right property management services provider can help with key details. A property management company can make sure the rental community performs well. Meantime, you are left to focus on what you do best, namely design and build.

That said, are you ready to start building the best luxury townhome rental community?

What Are Residents Most in Need of?

When it comes to what residents go in search of, keep these ideas in mind before the first nail is hammered or brick is laid:

1. Spacious living

Given many people have a ton of clutter, space is of utmost importance. That said having plenty of square footage is always going to ring true with most renters.

Look to build rentals with adept space for furniture, appliances, and closets.

You also want to construct properties where noise is not a major issue.

When you have many people living around one another, noise can become an issue at times. By giving residents a sense of space and relaxation, they will come home to a happy environment. Better yet, they do not want to feel as if their next door neighbor is living with them.

Also look to provide rentals where family members have room to escape one another at times.

Many residents will go for the idea of adding a loft area to their home or something equal. This allows for a little separation for people without actually leaving the rental.
Having rentals with space and desired amenities, families can be happy under one roof.

2. Activities

Given the fast-paced world of many, it is no surprise they need activities to give them downtime.

With that in mind, will you luxury townhome rental community provide enough of them?

Among some of the more common desired ones:

· Fitness center

· Pool/s and Jacuzzi

· Tennis and/or volleyball and racquetball courts

· Walking trail

· Movie theater

· Business center

By offering quality amenities, you should have no problem attracting renters over time.

3. Convenience

Where you end up building your luxury townhome rental community is of importance.

If thinking of placing it in a high-traffic area, ease to roads and highways is important. You’re also going to want to make sure there is plenty of parking available for residents and their guests.

Review how convenient and safe it will be for residents to reach stores, schools and other needs. The last thing most renters want is to spend endless time on the roads trying to reach a single destination.

In your luxury townhome rental community, have what residents need in the back of your mind.