The Axios Construction blog provides practical information for people responsible for improving existing properties.
Topics include multifamily renovation, investment property improvements, property rehabilitation, commercial remodeling and renovation planning.
Multifamily renovation becomes more complicated when improvements extend across multiple areas of a property. Property managers may be balancing residents, ownership expectations, contractors, budgets and daily operations at the same time. A clear renovation plan makes the process easier to manage. Start With the Objective Before selecting materials or finishes, determine what the renovation needs to
Renovation decisions should begin with the investment strategy, not the finish selections. Before choosing flooring, cabinets or paint, investors should understand what the property needs and how the renovation supports the plan for the asset. Define the Property Strategy A long term rental may require a different renovation approach than a property being prepared for resale.
