The Future of Residential Rental Renovation – What’s Next
However busy residential property managers and landlords may be, it’s important to always stay current on the latest residential rental renovation technologies see the four technologies below.
Still, it’s crucial that property managers and landlords find time to stay up-to-date on changes to the residential renovation landscape, especially when it comes to emerging technologies.
Indeed, a suite of new tools and techniques have recently developed — and continue to evolve — that make renovation more efficient than ever before. As renters’ tastes and needs change, property managers and landlords can deploy these new technologies to remain relevant and competitive. Below, learn about four technologies that are transforming the industry.
Laser cleaning technology. Renovation projects sometimes center around returning a building to its former glory — restoring original millwork, or rejuvenating antique doors and windows. Other times, renovation projects are about erasing the damage done by fire, smoke, water, or mold. In both cases, property managers and landlords can now rely on laser cleaning technology. How does it work? Precise laser beams are shot at a damaged surface. The contaminants on the surface then absorb the laser, and either fall free or transform into gas. This process is able remove blemishes, patinas, and other imperfections from materials, leaving them looking brand new. A laser approach is much safer and cleaner than previous technologies, like sand blasting or dry ice pellets, which can be loud, hazardous, and incredibly messy.
Administration software. Restoration projects don’t just entail building materials. Equally important are the processes, like keeping track of job timelines, deliveries, equipment, and correspondences with tenants and contractors. This is where cutting-edge admin software comes in. These new tools can streamline and automate many administrative duties, freeing up precious time. They can also make communication between all the different parties lightning fast and efficient, since multiple people can log in to a program and access information. Further, many of these tools now incorporate AI, which can send reminders and alerts if tasks are falling behind or not being completed correctly.
3D scanning software. In the past, residential renovation professionals had to spend a great deal of time on site while drafting their plans, and also craft detailed sketches by hand. But the advent of 3D scanning software means much of the renovation planning can be done anywhere with computer access. 3D scanning software allows every nook and cranny of a space to be captured in vivid detail. With this in hand, plotting the changes becomes far easier. This software also allows clients to peer into the future, envisioning what the final product will look like before work even begins. Floor plans can be created in careful detail, testing out everything from colors to furniture arrangements.
Risk management and preventative solution tech. Sometimes, a renovation project is a necessity — it’s done not to update a property, but to restore it after a fire, flood, or other catastrophe. The latest risk management software can help property managers and landlords avoid this situation entirely. These tools allow you to collect, store, and share essential building information, like electrical and plumbing layout, utility locations, construction materials used, and more. If a disaster occurs, this information can easily be shared with insurance carriers, first responders, contractors, and other parties. As a result, the damage inflicted by the disaster can be greatly reduced, saving significant time and money. These tools can do even more, too — like track worksite safety, and ensure that all proper permits are filed.
However busy residential property managers and landlords may be, it’s important to always stay current on the latest renovation technologies. Take the time to learn about these new developments and how they may be of use for your projects in 2023 and beyond. These tools and techniques are transforming the industry, and can make your next renovation project safer, more efficient, and more effective.
Source: Rental Housing Journal
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