Rental Trends for Next Year
As the year comes to a close, the apartment rental industry is expected to see some notable changes next year. From changes in the industry to changes in what apartment renters are looking for, you can expect some big things when the New Year arrives. Check out some of the big trends that are expected to impact apartment renters once 2019 arrives.
Price & Location Matter the Most
Heading into 2019, it is believed that apartment renters will be most interested in an apartment based on its price and location. Renters have a specific budget to work within, so an apartment’s price will be very important to them.
Location also matters for most renters because they might want to move into a place that is closer to where they work. In addition, they are also paying attention to the stores, attractions, and other amenities close to the apartment. These factors are expected to drive the majority of apartment renters’ decisions in the New Year.
More Environmentally Friendly Options
Apartment renters have increased interest in recycling and environmental options, so expect more apartment communities to go green. Increased awareness from renters, coupled with environmental pressure, is convincing apartment community owners to offer more eco-friendly options at their apartments.
From offering efficient lightbulbs to offering more options for recycling, expect more communities to go green in the coming year. Garden Communities already offers several features to help apartment renters go green.
Introduction of More Smart Appliances
Another trend that is expected to impact the apartment industry is the arrival of more smart appliances in apartments. Renters are always interested in smart devices, since they can make apartment life a lot more convenient. Apartment designers are expected to include more of them to attract renters. High-tech washers and dryers are believed to be among the most sought after items.
In addition, voice assistants are also expected to be found in more apartments in the near future. Tools such as the Google Home and Amazon Echo are attractive to renters, since they allow for easy multi-tasking.
You May Not Need a Car at Your Apartment
One other trend that seems to be picking up steam is the idea that renters may no longer need cars at their apartments. Many apartment communities are close to major shopping areas nowadays, so people can just walk from their apartments to buy something. In addition, services like Uber are helping people get around without the need of a car.
This is also coupled with the fact that most apartment communities offer a selection of onsite amenities, including laundry facilities and stores. Ultimately, apartment communities that allow people to walk to their destinations may become especially popular in 2019.
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