Boosting NOI for Multifamily Property Owners with Groutless Shower Walls
An Aquawalls Case Study
Introduction
A multifamily property owner approached us with concerns over their rising maintenance and operating expenses. They were also interested in increasing the property value to improve their net operating income (NOI). After evaluating their property, we recommended a cost-effective solution that would not only immediately increase property value but also decrease maintenance and operating expenses.
Challenges
The main challenge for the property owner was the high cost and labor involved in retiling the property’s dated bathroom showers. Additionally, they were facing constant maintenance issues with their failing tile and grout, leading to frequent repairs, refinishing and replacement.
Solution
After thorough research and consideration, we recommended installing maintenance-free shower walls, which is not only durable but also backed by an industry-leading 10-year warranty. AquaWalls offered substantial cost and labor savings compared to retiling, and it was a perfect fit aesthetically for their multifamily property.
Implementation
We partnered with a local AquaWalls Partner to install the shower walls. The installation process was straightforward and fast, causing minimal disruption to tenants. The new shower walls not only looked great but also had improved durability, making it more resistant to wear and tear.
Results
The property owner was thrilled with the results. The groutless shower walls increased the property value immediately and provided significant savings in maintenance and operating expenses. The property owner no longer had to worry about frequent repairs and refinishing costs. The new shower walls also had a positive impact on tenant satisfaction, as they appreciated the updated, modern look of the property.
Conclusion
In conclusion, multifamily property owners can significantly boost their NOI by considering AquaWalls. The installation process is straightforward, and the results are long-lasting, providing a significant return on investment. With an industry-leading 10-year warranty, groutless shower wall systems are an ideal solution for property owners looking to reduce maintenance and operating expenses and increase their property’s value.