Landscape-Architecture-Blog-04-web.jpg

FUEL UP ON IDEAS

    How Rooftop Amenities Maximize Return on Residential Properties

    by Brandon Reed / May 21, 2017

    designing rooftop amenities utah, green architects utah, rooftop amenity design utah, utah landscape architect, landscape architect utah, green roof design utah, amenity architects utah

     

    In the first installment of “The Value Rooftop Amenities Bring to Architectural and Development Projects” blog series, we looked at five amenities that offer the best ROI for a multifamily development. Now, we explore how rooftop amenities maximize return on residential properties.

    A property’s value is determined by several obvious factors like the square footage, layout, and location of a building. However, there are other factors that might not be so obvious, but still have a significant impact on how much a property is ultimately worth.

    We are referring to rooftop amenities.

    If you just arrived to this blog series, you might want to follow it from the beginning.

    Follow the shortcuts:

    Part 1: 5 Rooftop Amenities That Offer The Best ROI For A Multifamily Property

    Part 2: How Rooftop Amenities Maximize Return On Residential Properties

    Part 3: Transform Your High-End Property Into A Magnet With “Wow” Rooftop Amenities

    Part 4: Want To Boost Value On Your Development Project? Add Rooftop Amenities!

    Part 5: The Impact Of High-Level Rooftop Amenities On Property Value And Revenue

    Part 6: How Rooftop Amenities Will Enhance Your Property Investment In Utah

    Part 7: Attracting High Quality Tenants To Your Mixed-Use Development Project

    Part 8: Catering To Millennial Renters With Resort-Style Rooftop Amenities

     

    New Call-to-action

     

     

    Architects and developers are finding great success in attracting tenants and buyers to their high-end residential or mixed-use developments by offering thoughtfully designed and integrated rooftop amenities which bring potential occupants in the door, literally.

    Rooftop revenue can be substantial for high-end locations. Partner up with an architecture firm that specializes in rooftop amenity design, and enjoy double-digit returns on your investment by adding features such as a pool, gym, spa, dog park, game rooms and lounges. The possibilities are infinite.

     

    Rooftop Amenities = Retention + Higher Rental Prices

    While creating rooftop spaces do represent an additional investment for developers, the investment isn't even a sliver of the lifetime cost of the building, and residents will pay more for spectacular rooftop views and other features, leading to a potential one-year return on investment by including the space. 

    Blending the rooftop space as a signature element of the whole building design will not only make current residents happy, but also attract future tenants as well. Furthermore, creating inviting spaces for residents to enjoy and share with friends and relatives, increases the likelihood they’ll renew their lease, thus increasing tenant retention. 

    An appealing and well-used rooftop space will rise the value of your high-end residential tower, and make it more marketable and competitive.

     

    In closing

    As the tastes and interests of tenants and buyers continue to evolve, architects and developers would be wise to evolve with them.

    If you stay on top of the trends, you are sure to maintain the marketability and appeal of your property. After all, keeping your current residents happy should always be your first priority, and if adding a few fancy rooftop amenities attracts new ones as well, then that’s a bonus.

    To find out how you can incorporate the latest rooftop amenities trends to your high-end residential development project, feel free to contact us

       

    CONTINUE READING THIS BLOG SERIES: NEXT --> Transform Your Multifamily Property Into A Tenant Magnet With “Wow” Rooftop Amenities

     

    Tags: Rooftop Amenity Design Amenity Return on Investment

    0 Comments
    previous post 5 Rooftop Amenities That Offer The Best ROI For A Multifamily Property
    Next Post Transform Your High-End Development Into A Magnet With “Wow” Rooftop Amenities
    Brandon Reed

    Brandon Reed

    I help top level architects and developers create landscapes that elevate the human experience.