Multifamily investors may not know fiber internet overbuilds can offer significant benefits at typically no cost.
You may see yourself as a relatively hands-off investor, so why should you care about upgrades? After all, non-essential capital expenses will eat into your profits. Fortunately, amenities that help drive value in a multifamily property, like fiber internet, can make sense at many aging apartment complexes. That’s because, unlike planning for a roof project or unit renovation and the requisite capital included in your budget, the design work and installation expense can be taken care of for you by your Internet Service Provider (ISP).
Four key drivers that will help you decide to upgrade now
1. Upgrade at typically no investment cost.
Your ISP can expense a fiber overbuild project, typically leaving property owners with no investment cost. With a marketing agreement, Quantum Fiber Connected Communities can provide a tailored fiber-to-the-unit solution by connecting all homes to ultra-fast, reliable, and secure internet.
2. Reduce turnover due to poor internet connectivity.
Work from home, learn from home, and smart IoT devices all need reliable, secure and ultra-fast broadband. According to a 2023 consumer study by Fiber Broadband Association (FBA) and RVA LLC Market Research and Consulting, fiber-optic internet is the preferred connectivity technology for almost two-thirds of all internet users, outpacing both cable and wireless.
As an added service, Quantum Fiber preinstalls modem equipment, which gives resident easy sign up for instantaneous service.
3. Get a future-proof resolution.
Once installed, fiber-to-the-unit reduces the need for rewiring and disruptions to residents and staff because fiber is truly a long-term technology and can last 20-40 years. And fiber has the capacity to support much higher speeds and data transfer rates than is possible today.
4. Increase in property value.
A recent FBA study showed that having access to fiber broadband increases rental values by 8% and property values in multifamily properties by 2.8%. This makes the commitment to a fiber upgrade worthwhile from a portfolio ROI perspective. Additionally, fiber can be bent around corners, twisted, and angled into tight spaces, making it aesthetically unnoticeable.
Upgrading to fiber can provide a boost on a savvy investment
Today’s renters are demanding it. Your multifamily property investment portfolio shouldn’t lose value because of the property’s aging internet infrastructure. Why wait? Contact a Quantum Fiber expert about your property today. Visit https://www.quantumfiber.com/multifamily-upgrade.html.
Check out these related resources:
- Yes, Fiber to the Unit Is Possible in Vintage Apartment Buildings
- Why choose fiber internet for retrofitting commercial real-estate into residences
- Crummy connectivity can hurt your multifamily property—what owners can do about it
Contact a Quantum Fiber Connected Communities expert to learn about connectivity solutions tailored to your multifamily community
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