Do you like your orange juice organic or regular, with or without calcium, or with minimal or maximum pulp? How about your toothpaste? Is it the herbal variety with added fluoride, the cavity-busting option with baking soda or the original formula with flavor crystals?
Although an explosion of consumer choices may mean we sometimes get exactly what we want, too many choices can also overwhelm us to the point where we choose nothing at all. The multifamily industry is no stranger to offering a plethora of amenities so great in number that the one amenity a potential resident is looking for may be lost in a sea of choices.
It's important to offer the right amenities rather than offering all of the wrong ones. In an effort to pare down what you have it's important to consider your target audience. Just like in any brand advertising strategy you must consider whom you are trying to appeal to with your choices.
"Knowing your target audience and what their interest are [is] key into picking just the right amenities. Just because you think its cool does not mean your residents will find the same appeal. Survey your current residents to find out what they really want! Amenities should be used and viewed as a brag factor in your sales process and among your residents," says Kim Cory, Leasing and Marketing Coordinator for MGI Communities.
Also consider what you are offering your residence that could possibly entice prospects to choose your community. A website, for example, is often something that we neglect to consider a service for residents but we all know that being able to submit a service request ticket online is an amenity itself.
"I think we neglect to sell our community events as amenities. It is very important to survey your residents on what amenities they would like to see added before making rash decisions on additions that may be needed. The community may be surprised that the requests can be something we already have that we are just not selling/offering," comments Tammy Yeargan, Marketing Director for Fogelman Management Group.
It is still important that you offer some amenities that provide residents and potential residents with a reason to choose your community.
"Back in the day you could get away with just having a pool and you were golden. Now people not only expect certain amenities they demand it. Our society wants convenience, so amenities like fitness centers, pools, tanning salons, club houses to host private parties and planned social events will give them what they want right at their front door. Today you really need to offer cutting edge amenities that people want to use and will have them talking about it to others," states Cory.
It's important that your communities are offering residents a happy balance of useful amenities and not an over abundance of outdated and unused services. Knowing your residents and their needs will ensure you aren't overwhelming your prospects with a crowded and irrelevant amenities list. |