Fast, reliable internet service has increasingly become a must-have for prospective renters. As Wi-Fi becomes a bigger part of public life in general, with internet access now common at coffee shops, airports and hotels, property developers and managers must find a way to cater to this growing need.
A modern family today uses the internet for many things, from staying in touch with friends and relatives, to online entertainment and streaming media, to finding a place to live, for shopping or for students who are required to do homework on the internet. Because of this, the internet bandwidth must be strong.
Millennials and technology
Millennials are propelling a major rental market increase. Although many are saddled with student loan debt, they were raised in the internet age and can’t imagine life without high-speed broadband, so property owners have should build communities for Millennials with attractive amenities such as free Wi-Fi throughout the community, and indoor and outdoor electrical charging stations. Being able to say a building is fiber connected is a valuable marketing tool that can make an apartment building stand out.
The internet is an important tool that property managers can use to attract future residents, but it’s an essential feature for them as well. The Internet of Things (IoT) and smart technology have improved the way of living from day-to-day life, including energy and security, as well as resource and operational management. A smart building includes programs empowered by technology and data that enhances the overall management, operations or efficiency of the building.
Broadband is a very important feature in a multifamily property, but what can be done to get a multifamily property modernized for broadband? First of all, you should find a reputable internet services provider that can help you deliver their best service for your property. Second, for new construction developments, you can use broadband from the beginning. Make sure the broadband is in the plans, because it will be a plus for future residents, and it will also be cheaper to do it during this stage than to upgrade later on.
The fiber boom is just beginning. Now more than ever, a fast internet connection is a necessity, and residents will demand and expect it to be offered.