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Effective design strategies in multifamily spaces can transform a space, enhancing its functionality and aesthetic appeal.
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Lisa Landry discussed transforming multifamily spaces with design strategies that drive investor returns. In the competitive real estate market, the design and functionality of multifamily properties significantly impact their market appeal and profitability. Forward-thinking design strategies can elevate a property’s value, attract desirable tenants, and maximize investor returns. Here’s a guide to crucial design approaches for transforming multifamily spaces:
1. Prioritize Functional and Flexible Living Spaces
a. Open Floor Plans
b. Flexible Spaces
2. Incorporate Modern Aesthetics and Materials
a. Neutral Palettes with Accents
b. Durable Finishes
3. Integrate Technology for Smart Living
a. Smart Home Features
b. Wi-Fi Connectivity
4. Design for Wellness and Community Engagement
a. Green Spaces
b. Amenity-Focused Design
c. Common Areas
5. Focus on Sustainability
a. Energy-Efficient Systems
b. Water Conservation
c. Sustainable Materials
6. Optimize Outdoor Spaces
a. Entertainment Areas
b. Recreational Opportunities
7. Ensure Accessibility and Inclusivity
a. Universal Design Principles
b. Diverse Unit Offerings
8. Leverage Data-Driven Design
a. Market Analysis
b. Tenant Feedback
A well-executed design strategy not only enhances tenant experience but also drives higher occupancy rates, reduced turnover, and increased property value. By focusing on modern aesthetics, functionality, and community-oriented design, multifamily spaces can become prime investments that deliver sustained returns for stakeholders.
Lisa Landry is a multifamily General Partner and Asset Manager. She manages 35 million dollars in assets through her multifamily investment firm, Above & Beyond Multifamily, and is also known as “The Interior Designer of Multifamily Investing.”
She’s the CEO of Landry Designs, an award-winning interior design firm in Texas that specializes in adding value to properties nationwide.
Her team has won 35 International Design Awards and has been published nationally 28 times. They have also been voted “Best Interior Designer” in their area for the past 12 years in a row.
Lisa comes from a family of entrepreneurs, real estate investors, remodelers, and realtors. In her free time, she’s a bit of an adventure junkie who enjoys hiking, backpacking, mountain biking, glacier climbing, and skydiving. She is a resident of Ft. Worth, Texas, and loves helping increase the value of multifamily properties!
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