Secrets of Multifamily Property Developers: Hidden Costs for Renters

If multifamily property developers use lower-quality appliances you as the renter may experience lower energy efficiency in your apartment. This can lead to increased utility bills and potentially more frequent breakdowns of the appliances. Hopefully, the developers won't skimp too much on appliance quality as renter dissatisfaction could reflect poorly on the overall perception of the property leading to negative reviews or difficulty attracting new tenants. While less expensive appliances could help the project be more profitable in the short run it could result in a more expensive rental experience over time. However, developers have sold the property since then and are long gone by the time these costs materialize for renters.