Property Renovation
One-Day Occupied Renovations. That's Our Specialty.
Are you facing occupancy issues? Low NOI? Need to reposition your property? It’s time to talk to Towne Properties.
Our Approach is Simple
Creating Value Through Experience
We understand that owning real estate is all about increasing the value of your properties. That is why we focus on renovations that will create the most long-term value for your investment.
We are a team of honest, experienced straight-shooters who specialize in solving challenges on the fly. On-site teams love us because we deliver one-day renovations that improve resident satisfaction. Owners love us because we customize every job to their budget and NOI goals.
What We Offer
Renovating Great Places
Prioritizing renovation and improvement projects are a daunting task. Let us assess, prioritize, and plan for you ensuring our renovations will meet your rate of return expectations and create a Great Place to Live for your residents.
- Strategic renovation planning
- Occupied renovations
- Bulk renovations
- Insurance repairs and rebuilds
- Cost plus billing
- Large supplier network with buying power
- Quality products that reduce upkeep costs long-term
- In-house renovation team that specializes in occupied renovations and value-add projects
Value-Add - Kitchen Renovation
A multi-family property was ready to embark on kitchen renovations to improve occupancy and increase monthly rental rates. Towne Properties renovation team completed the following renovations:
- 192 units renovated
- Each renovation took 1 day
- Cabinets, lighting, backsplash, appliances, and countertops were replaced
Results
We experienced a 46% increase in rent for one-bedroom units and a 38% increase for the two bedroom units.
Better Quality - Lower Price
When it was time for major hallway renovations in a historic multi-family property the owner knew they had to find the right renovation specialist. After receiving several bids, they turned to Towne Properties’ renovation team We were able to deliver the renovations with minimal disruption to the residents and property team.
Results
- We used better quality materials than the other contractors proposed.
- Our job was completed for almost 30% less than other bids.
Who Do We Work With?
Independent Property Owners
We're a great fit for property owners who own one or more apartment communities with a minimum of 80 units per property or more.
Commercial Property Owners
Looking for major renovations without major disruptions to your business? Towne Properties renovation team is the right fit for your value-add renovation projects.
Property Management Groups
We work with property management companies across the tri-state area who are planning value-add renovations or repositioning portions of their portfolio.
Insurance Carriers
We are a trusted partner for insurance carriers to recommend to clients needing renovations and repairs.
Contact Us
Get in Touch
If you are interested in learning more how our property renovations can add value to your property, we're here to help.