Friday, July 26, 2013

HFO Forum Exclusive: What Today's Renters Want Most!

At a special event held recently by HFO -- Riverstone Residential shared results from a national survey of apartment communities it manages.

Most Wanted Community Amenities
  1. Pool 
  2. Fitness Center
  3. Wifi in common areas
  4. Covered Parking
  5. Security Patrol
  6. Clubhouse
  7. Laundry
  8. Access/Control Gates
Most Wanted Interior Features
  1. Dishwasher
  2. Disposal
  3. High speed internet
  4. Patio/Balcony
  5. Storage Closet
  6. Ceiling Fans
  7. Pantry
Top Move-Out Reasons
Property managers indicated they had been seeing an increase in move-outs due to home purchases and job changes. 

Property Managers' Ideal Sizes For 1-Bedroom Apartment Units
1-bedroom apartment for Generation Y: 700 SF

1-bedroom apartment for a Baby Boomer: 800-850 SF

Riverstone manages over 170,000 units.  A total of 436 properties responded to Riverstone's in-house survey.