Multifamily Services

What Renovation Projects are the Best for Multifamily Homes?

Not all upgrades are created equal. The best renovations deliver strong returns, improve tenant experience, and keep your property competitive in today's rental market.

Here are five of the most valuable multifamily renovation projects:

• Unit interior upgrades: Modernizing individual units with new flooring, fresh paint, updated fixtures, and neutral color schemes is one of the most cost-effective ways to improve leasing rates and attract long-term tenants.
• Kitchen and bathroom multifamily remodels: These are two of the most scrutinized areas for renters. Replacing countertops, cabinetry, and sinks and installing new appliances dramatically improves the appeal and value of each unit.
• Exterior remodeling services: First impressions matter. Projects like exterior painting, new siding, lighting upgrades, and roofing replacement refresh curb appeal and can also help prevent future maintenance issues.
• Amenity overhauls: Common spaces like fitness centers, clubhouses, grilling areas, and pools are key to tenant satisfaction. Renovating these areas creates community appeal and can justify higher rents.
• Energy efficiency improvements: From replacing windows and doors to upgrading HVAC units and LED lighting, energy-efficient renovations reduce operational costs and increase tenant comfort—a win for both residents and owners.

How Long Does An Apartment Renovation Take?

Project timelines vary depending on scope, unit count, and whether tenants remain during construction. A typical interior unit upgrade may take 1 to 2 weeks per unit, while larger renovations involving multiple amenities or exteriors can span several months. Reliance Construction Services LLC builds customized timelines to minimize disruption and ensure consistent progress, so call us for a detailed estimate.

How Can You Fund Your Multifamily Apartment Complex Project?

Funding multifamily property projects often involves leveraging commercial loans, renovation-specific financing programs, or property equity.

In Georgia, options include FHA multifamily loans and local lending partners who specialize in apartment rehabs. Many lenders consider the potential for rent increases and improved property value when approving these projects.