Breaking it down: what are San Antonio renters willing to pay?Breaking it down: what are San Antonio renters willing to pay?https://www.recenter.tamu.edu/news/newstalk-texas/?Item=118242016-01-26T06:00:00Z2016-01-26T21:30:00Z

​​​​​​SAN ANTONIO - Even though monthly mortgage payments for a home in San Antonio are comparable to what some renters pay every 30 days, the city's multifamily market continues to strengthen as an increasing pool of residents choose the apartment lifestyle over owning a small piece of what used to be considered the American dream.

With an estimated 5,000 new apartment units completed in 2015, and another 5,700 scheduled to wrap up this year, San Antonio provides no shortage of options when it comes to prospective tenants choosing where to live.

With Marcus & Millichap expecting average rents to jump this year from $907 a month to $945, tenants are proving that when it comes to additional amenities, they're more than willing to pay for them.

The National Multifamily Housing Council's Vice President of Industry Technology Initiatives, Rick Haughey, said that based on the findings in the council's 2015 Renter Preferences Survey, walkability and home automation will likely be the biggest factors in apartment living over the next 12 months.

How much are renters willing to pay for the apartment lifestyle? Here's a breakdown:

  •     Washer and dryer in unit: additional $63.43 per month
  •     High-speed internet access: $35.84 per month
  •     Smart thermostats: $35.75 per month
  •     Hardwood floors: $58.75 per month
  •     Fitness classes: $44.83 per month​
  •     Community vegetable garden: $40.29 per month​
  •     Laundry lockers: $29.04 per month
  •     Recycling: $27.49 per month
San Antonio Business Journal
San Antonio-New Braunfels
http://www.bizjournals.com/sanantonio/news/2016/01/14/what-san-antonio-apartment-renters-want-and-are.htmlRead more at the {Source}

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