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Real Estate News and Advice |
November 13, 2009 |
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Net-Minded Tenants Want High-Speed Access
by Broderick Perkins
More and more tenants prefer apartments outfitted with the same technological advances enjoyed by home owners with high-speed Net access and, fortunately, many renters won't have to pay extra for such service. Almost half of apartment tenants say the availability of high-speed Internet access would affect their decision to rent and a surprising 59 percent of apartment communities offering high-speed Net connections don't charge extra for the service, according to the "National Apartment Technology Survey", a recently released survey conducted by the National Multi Housing Council (NMHC). "In the future, we expect prospective residents to routinely ask not only about rent, floorplans and fitness centers, but also whether a property has high-speed Internet access. For that reason, NMHC launched a technology initiative in 1998 to help apartment owners make smart technology decisions and investments," said Clarine Nardi Riddle, NMHC's senior vice president. Los Angeles-based real estate consultant CEL & Associates surveyed approximately 30,000 apartment residents and 100 apartment managers for NMHC, and found that high-speed Internet access is becoming a must-have amenity for apartment residents. That's often because tenants want to bring work home and stay connected to work-based projects. Earlier this week, the Environmental Protection Agency extolled the environmental virtues of a new program that encourages telecommuting in five major metro regions: Denver, Houston, Los Angeles, Philadelphia, and Washington. The pilot "telework" program is designed to reduce auto emissions, but working at home also helps promote the "It takes a village to raise a child" idea by leaving more people at home to watch out for kids, crime and fires among other Neighborhood Watch-type needs. Working at home also takes some of the wear and tear off the commuting infrastructure of streets, roads and highways, it provides the social benefit of parents spending more time with their kids and it can give teleworkers a productivity advantage of less time on the road and more time at work. The NMHC survey found:
The survey also examined the capabilities and usage of computer- and Internet-based technology by on-site apartment managers.
"Leveraging technology to better serve apartment residents and to enhance property operations has been a priority goal for many apartment firms for several years now," said Riddle. For more articles by Broderick Perkins, please press here. Published: April 26, 2001 Use of this article without permission is a violation of federal copyright laws. Related Articles:
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