The Future of Purpose-Built Rentals: What Should be Considered?

With the real estate market at record highs, the demand for purpose-built rental housing has increased. But consumers are savvy with working professional and families wanting a beautifully appointed space to live in. Hence, it is vital that rental services and amenities are designed to fit the current lifestyle trends of renters.

The amenities and services vary between rental building projects. They depend on lifestyle trends, construction costs, and available space. When identifying the amenities in its projects, ENM Construction will carefully evaluate all aspects to find the perfect balance between cost to build and what the market can sustain in monthly rental rates.

These are the essential things to consider when conceptualizing building strategies:

   ✔Resident’s Long-Term Satisfaction

   ✔Building Structure

   ✔Environmental Sustainability

   ✔Economic Success

Developers and property managers offer new and smart amenity packages in their purpose-built rentals to attract prospective renters. Failure to assess if these amenities are truly delivering long-term satisfaction to residents will affect the sustainability in terms of maintenance costs for the building owner.

Here are some of the services and amenities that could be considered in some of our future purpose-built rental projects.

•  Valet Services
Not unlike the apartments of New York that boast doormen, a future consideration could be a valet service that offers tenants that extra level of security and convenience.

•  Pet Wash Station
One of the most common problems that residents deal with is the lack of washing facilities for their pets. For our projects that will facilitate pet ownership, creating a pet wash station will offer convenience for tenants.

• Bicycle Maintenance Rooms
There is growing popularity of commuting on a bicycle all over the Metro Vancouver area. People are looking for properties that accommodate bicyclists’ needs. The options for bicycle repair rooms are numerous. However, outdoor solutions do not always work well especially during cold climate. Having a repair room inside the residential building provides security and convenience to tenants.

•  Community Spaces
Many developments offer communal amenity spaces. From larger rooms to host parties to pools and rooftop decks, we are continually striving to provide the amenities that reflect tenants’ lifestyles.

Here at ENM Construction Management, we make sure that every construction project is aligned to the demands and needs of the market. Let us give you a glimpse of how we go through each construction project.

As the founders of ENM Construction Management, Dan and Colin treat every construction project with utmost dedication. Our foundation is the people that make up our construction management and development team. We have a core team that takes a hands-on approach to ensure that each project is delivered on time and budget.

The construction and development market is ever changing. Get to know the latest trends and developments in the construction industry to offer a satisfying and meaningful resident experience to your market. Subscribe to our newsletter and don’t miss out on what’s trending!