Apartment Bathtub Refinishing
Bathtub Refinishing Buffalo NY or apartments bathtub reglazing is saving apartment owners and property managers money in their bathroom renovation. The bad economic climate is hampering owners from making the needed maintenance on their property including bathroom renovation. Although apartments have trailed the broader REIT sector so far this year, "we believe prospects for continued slowing growth and potential risk of a recession place further pressure on the multifamily sector," according to reports to clients by UBS analysts.
The UBS report adds: "While we believe the housing fallout will be a net positive for apartments as defaulted owners become renters in the longer term ... we see the dampening effect on fundamentals in the near term as the market digests this glut of housing."
Apartment property managers and owners, like most of the country are feeling the recession and, when it comes to cutting costs, many owners and managers prefer to cut maintenance and renovations citing a tight budget. While many owners think they can save money by postponing bathroom renovation and other important maintenance, they are actually making their units less attractive to potential tenants. Those apartments that keep up with their maintenance will survive the competition and the recession.