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Apartment Bubble Forming?
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Apartment bubble forming?
"Counter with adding amenities, e.g. free WiFi."
As housing and condominium prices have outpaced income
growth, a surge of developers/investors are driving a boom in
apartment construction. Offering free WiFi could put you
ahead of this expanding apartment bubble. Owners/developers
can stay ahead of the curve by offering valued
amenities. Free WiFi is one of those amenities that will set
properties apart in value and attract value conscious tenants.
Free WiFi offers high-speed Internet at low cost through
leveraging a single entry/cost of high-speed Internet
aggregated over
numerous users. High-speed Internet is more and more a
necessity as more tenants play and work from home/apartment.
WiFi can be deployed inexpensively and therefore lends
itself to easily be covered in current costs. Tenants' smart
phone data use becomes minimized, games, streaming movies, etc.
all depend heavily on high-speed Internet. If tenants added
up their total telecommunication
costs: cell phone, cable TV,
Internet and landline their total bill is well over one if not
over $300 a month. Telecommunications is likely tenants most
expensive utility ... but virtually a requirement in today's
world.
Set the facility apart with offering free WiFi and
attracting value conscious tenants.
Interests/comments appreciated, contact:
Lare & Associates LLC
206-465-1435 or email: chuck@lareassoc.com
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