When you're considering renovations to your property, it's incredibly important to select strong, experienced vendors to help you through the process.
James Sirmans of Gage Multifamily Services in Austin, TX joined us to discuss some of the things you'll need to consider before starting your next renovation project.
What amenities will tenants want?
What technology should you put in your building?
Most of all, what improvements can help maximize your ROI and how can you avoid extra costs or pitfalls?
As always, planning, communication and flexibility are the keys.
Start with developing a strong plan; you have to have a vision for what you want to do and how to execute. Communicate early and often around your expectations and, if the original expectations can't be met, be able to move to plan B. (Then plans C - G.) While changes can be frustrating, it's all about executing on your business plan and getting units online so you can collect your revenue.
For more on Gage Multifamily, visit: https://gagemultifamily.com/
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