We have organized suggested resources around three key areas of inquiry related to this project:
Revenue Projections: Questions related to income potential, rental market trends, and occupancy. Examples:
- What is the average rental rate per square foot for multifamily units in this area?
- What are the historical occupancy rates for comparable properties in Winston-Salem?
- Are there any recent or expected demographic changes in the area that might affect demand for multifamily housing?
Operating Expenses: Questions regarding costs associated with managing and maintaining a multifamily property. Examples:
- What are the average property management costs for multifamily developments in similar urban areas?
- What are the projected maintenance and repair costs based on comparable properties?
- How do utility costs in this area impact the overall operating expenses of similar developments?
Social Impact: Questions focused on community value, housing demand, and broader economic impact. Examples:
- What is the current demand for affordable housing units in this area, and how does this project address that need?
- How might this development contribute to local economic growth (e.g., job creation, increased patronage of local businesses)?
- Are there specific community needs or concerns (e.g., traffic, environment) that should be considered?
Resources that are bolded are ZSR Library databases and may require you to log-in using your WFU credentials.