What would you do differently if you were to build an apartment

What would you do differently if you were to build an apartment

Rental Property Investor · Appleton, WI · Member since 2016 · 8 posts · 1 vote

Just curious what/if anyone would do anything differently if they were to build a multifamily apartment, potentially one that they already owned.

For example, I would have added an interior door for my attached garage, and built with a basement instead of on a slab

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  • Developer · Boise ID · Member since 2016 · 287 posts · 110 votes
    7y

    @Richard Talbot are you talking about a complete tear down and rebuild?  If so, I put alot of trust in my architects and design team.  Additionally, with any development, you have to play by the rules of the city (which can be a good or bad thing).  I would say that unless its a massive complex in a metro area, using common sense like attached garages or potentially having an elevator would always be a good addition (assuming that you can recoup those added cost).  Now a days I see a lot of smaller developments that go over the top with the amenities because they feel that that is a big driver for tenants and boosting rents.  Sometimes that is true and sometimes they just overbuild.  Really need to know your prospective client on what they care about and are looking for.  I would say letting your experienced architect/designer run lead on that is the best scenario for you.

  • Renter · Las Vegas, NV · Member since 2018 · 278 posts · 71 votes
    6y

    today's thoughts are

    A) cost segregation depreciation

    B) TAX-FREE 1202 or 1031 exit strategy

    B) legal substructures like garages, storage units, ADUs etc.

    C) FREE WiFi/internet for all tenants

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