Multi-Family
New Construction
Owning a multi-family building or home can be a smart investment that brings in substantial income. With many different styles of multi-family homes and construction, choosing the right one to own or to rent can be a challenge. Whether you want to build a multi-family home for yourself and other family members or want to become a landlord, Gurr Construction can help create a durable build that will keep families safe and comfortable through all seasons of life. Our team builds new multi-family projects regularly, so we can help take some of the guesswork out of this investment.
Types Of Multi-Family Construction
There are many options when it comes to multi-family new construction, all varying in size and complexity. Mixed-use buildings, apartment complexes, and other buildings that house multiple tenants can be considered multi-family construction.
Here are some of the most common builds.
Apartments
Apartments are some of the most common builds that are requested when it comes to multi-family construction. Since an apartment building has so many individual living spaces that can be rented to families or couples, investing in this large-scale build will have a high ROI if you have tenants living in almost all the spaces. Having multiple renters in an apartment building gives you a large sum of monthly income.
Building apartments is also beneficial for a community. Many people don’t want the responsibility of a home or are not in a position to afford to buy one, so renting an apartment is a better option. Instead of living with a parent or being without a permanent residence, apartments provide a sanctuary for students, low-income families, or those looking to venture out on their own for the first time.
Duplex
A duplex requires less responsibility for a landlord because there are only two units, but it can still provide you with passive income. Duplexes can also be a great option if you have a parent or family member who needs a living space, but you want to keep them separate from your living space. Each unit will have its own address, kitchens, entrances, and often garages or carports. Constructing a duplex is often easier than other large-scale construction projects because it is a one-floor building. Duplexes often have shared spaces, though, like a yard or storage shed, so keep in mind that if you are renting or living in a duplex, you will be in proximity to the other renter.
Townhouses
One of the newer and popular options for multi-family homes is townhouses. Townhouses are able to be cramped into smaller spaces, making them great for urban areas. Townhouses are often owned by the person living there, making them more unique than apartment complexes. Townhomes are not maintained or run by a landlord and can be an easier way for those who want to build equity, but may not be able to afford a larger home. Townhomes have all of the same features and amenities that residential builds do, but are structurally more compact.
Our Expertise For Large-Scale Projects
Gurr Construction can build residential and commercial spaces that are built to last. While multi-family projects are more complex, our team has the experience and industry knowledge to ensure that thorough construction is achieved. Living in your multi-family space shouldn’t come with worry over the longevity or safety of the building. When you work with a professional general contractor, your property investment or home will remain sound through whatever life throws at it.
FAQ
FREQUENTLY ASKED QUESTIONS
Why Should I Build A Multi-Family Property Rather Than Buy One?
Building and apartment, duplex, or townhouses will always be better than buying an existing building because you avoid existing damage and can customize the look and layout of the space. New construction will allow you to ensure that high-quality materials are used, the spaces are easy to navigate and maintain, and you know the foundation and underlying structure are safe. Gurr Construction can help you build a multi-family property or remodel an existing building to ensure optimal tenant safety.
Is Multi-Family Construction Considered Commercial?
Multi-family buildings are classified as commercial real estate because they are designed to generate income through people who rent or lease the spaces. This makes them subject to different zoning laws and regulations compared to residential builds. It can be difficult to understand all your local zoning laws, so working with a professional contractor will help ensure your building meets regulations and is safe to live in.