Multifamily Construction Marysville Ohio
Your Full-Service General Contracting & Construction Solution
Apartment building construction, multifamily residential construction, multi-unit townhouse construction, single-family infill construction, senior living construction, and more.
Rockford Construction is your trusted construction partner in Central Ohio.
A Seasoned, Experienced, and Turn-key Construction Solution
Rockford Construction operates as a full-service General Contractor and Construction Solution company throughout the Ohio region. With extensive experience in multifamily residential building and apartment construction projects, we have completed over 60 new construction projects exceeding 4,500 high-quality units for our customers.
Though multifamily buildings and apartment construction projects tend to be our core business, our general contracting expertise extends to condominiums, commercial construction, tenant improvements, renovations, and the conversion and rehabilitation of downtown office buildings. As a result of our flexibility, Rockford Construction has completed well over $250 million in general contractors’ work for our clients throughout Ohio.
Here’s What’s Going on in the Multifamily Construction Market:
Multifamily Construction Statistics
In 2021, the National Multifamily Housing Council reported there were approximately 628,000 multifamily housing units under construction in the United States.
According to the U.S. Census Bureau, in 2020, multifamily housing starts (the beginning of construction on new units) totaled 374,000 units in the United States.
Multifamily Unit Statistics
In terms of completed construction, the U.S. Census Bureau reported that 343,000 multifamily housing units were constructed in the United States in 2020.
According to data from the National Association of Home Builders, the median size of a new multifamily unit in the United States was 1,097 square feet in 2019.
Multifamily Rent Statistics
The National Multifamily Housing Council reports that the average rent for a new multifamily unit in the United States was $1,783 in Q2 2021.
The median gross rent in Marysville, Ohio from 2017-2021 was $1,046.
Build Homes. Connect People. Nurture Communities.
By building a commercial real estate property, you are not just providing a place for someone to live. You create a lifestyle by connecting people and creating a community. One of the biggest perks of multifamily living is entering a built-in community. Rockford Construction understands the importance of creating a nurturing environment in which people can thrive and grow.
Experts in Value Engineering
Rockford Construction provides expertise in value engineering to lower the cost of the project while increasing output from the general contractor.
General Contractors Going the Extra Mile with Construction Services
Rockford Construction believes Green communities are important to the environment. Green projects not only better the planet, but they are an important aspect of improving the environment globally. Rockford Construction has the expertise and is committed to building living spaces under the guidelines of the United States Green Building Council LEED (Leadership in Energy and Environmental Design), Energy Star, and AWARE standards.
Family-owned and operated, Rockford Construction is a subsidiary of Rockford Homes based in Central Ohio. Rockford Homes was founded in 1985, building single-family homes and condo floor plans throughout Central Ohio and surrounding areas. With a passion to build, and decades of construction industry expertise, the Rockford team consistently achieves the high-quality work and outstanding results our clients demand.
Rockford Construction always has several current and upcoming commercial construction projects underway. If you are a construction partner or professional subcontractor looking to collaborate and bid on work, or an individual interested in seeing our current projects, please follow the link below.
Rockford Construction is a versatile general contractor for a wide range of construction project types. From apartment building construction projects to single-family and multifamily homes, chances are we have the construction solution for you.
Why Building Multi-family Real Estate is Smart
Whether you have the expertise as a real estate developer or are a first-time real estate developer, multifamily housing will help you build wealth faster than you could otherwise. Building multifamily apartments sounds scary, however, it isn’t. Multi-family real estate property has a higher building cost compared to purchasing a single-family home. However, multi-family apartments generate a more steady cash flow compared to a single-family home, making it easier to finance a loan.
Benefits of Owning a Multi-family Unit Property
Due to the nature of multi-family buildings, units are grouped together, resulting in significantly fewer maintenance costs per unit. Multi-family properties have the advantage of sharing many structural and management aspects such as walls, HVAC equipment, and landscaping services. Streamlining any construction, renovation, or maintenance projects that may occur over time will keep your property desirable and appealing to many customers.
Steady Cash Flow
Owning multi-family buildings provides a consistent source of passive income every month. With affordable housing rental costs, it’s easier to manage and fill multi-family living spaces over traditional single-family living spaces. Resulting in higher average occupancy and revenue, multi-family buildings are a less risky property investment.
Multi-family rental properties such as apartments and assisted living communities are just like businesses to the IRS, allowing you to benefit from tax deductions and special housing tax benefits.
Market Ready Investment
By constructing multi-family buildings from the ground up, you have the opportunity to include attractive amenities and services from the start. This gives you an advantage over your competition which is only renovating older investment properties.
About Marysville, Ohio
Marysville is located approximately 27 miles northwest of Columbus, Ohio’s capital city. On August 10, 1819, Zanesville lawyer Samuel W. Culbertson (1780-1840) founded Marysville near the junction of Mill Creek and the road from Delaware to Urbana. On July 10, 1817, Culbertson bought 450 acres of property and commissioned Charles Roberts to survey the community, which initially had 96 lots. Culbertson called the settlement Mary Ellen, after his daughter, who eventually married US Congressman Joshua Mathiot. The community was previously located in Delaware County, in the Virginia Military District. It was land awarded as a bounty to Virginia soldiers following the Revolutionary War. Union County was established in 1820, and Marysville was designated as the county seat in 1822.
Marysville, OH is home to historic structures, including the Union County Courthouse, built in 1860, which is also a significant structure that holds the county’s records and archives. Along with the history of Marysville, Ohio, there are plenty of parks and recreations, including the Reservoir Park for all your water recreation and Maclvor Woods for a nice walk through the woods and to get the sounds of nature.
County: Franklin County
Incorporation Year: 1858
Zip Code: 43081
Frequently Asked Questions
How much does a multifamily construction project cost?
All construction projects have different costs. Below are some cost guidelines for multifamily construction buildings in and around Columbus.
Land Costs (10-20%)
Land costs are the first big expense in multifamily construction. As one can imagine, purchasing land in rural areas is cheaper compared to urban, infill communities. Many factors come into play, and this development cost may include demolition and clearing.
Hard Costs (50-70%)
The hard development cost of multifamily construction includes the expenses for physically building the multifamily housing: materials, safety equipment, and systems, labor costs, engineering services, as well as contractors’ and subcontractors’ bids.
Soft Costs (20-30%)
This construction cost covers the expenses that go into the work process behind the scenes, such as contracts and legal fees, city permit fees, city zoning, interior design, architects’ fees, and other similar expenditures needed to complete the project.
How long does a construction project usually take?
The duration of a construction project is tied to the scope of the project. A safe answer would be anywhere from 9 months to 4 years to complete construction. Many professional real estate developers and contractors will tell you to expect the unexpected with construction. The factors that affect the timeline of a construction project are:
- Number of living spaces being built
- Availability of building materials
- Condition and development of the land
What areas do we serve?
We have completed construction projects all over Ohio. Rockford Construction is located in greater Columbus, OH, but we build commercial housing projects anywhere in Ohio.
Are multi-family construction projects fully customizable?
Yes. One of the advantages of building a multi-family construction project over purchasing a renovation project is it gives you the opportunity to pick the most up-to-date plans, furnishings, and amenities to attract top-tier renters and buyers.
What is some advice to consider regarding budgeting?
When working on a budget – prioritize, prioritize, prioritize! It is important to remember what is most important to you because it is easy to get wrapped up in the excitement and go over budget. Create a prioritized list of all the “must-have” features and amenities, then outline how much you are willing to pay for each. Value engineering will come into play when your budget becomes stretched.
Keep in mind the shifting cost of materials in the various markets in which you intend to build. The professional leadership, expert management team, and gifted designers and contractors at Rockford Construction are committed to seeing your project through from promising kickoff to successful completion.
How do I get started constructing a multifamily development project?
The first step is to get in touch with a multifamily construction contractor like Rockford Construction. Our experienced real estate developers and general contractors will work through the process of your project scope and outline the best course of action for building your commercial real estate complex.
What is multifamily construction?
Multifamily construction projects are as simple as they sound: it’s a dwelling with several tenantable units grouped together. Many residents can live in the same overlying structure, but each family has its own living space. Amenities include a bathroom, kitchen, common areas, and much more. Many of these homes appear to be independent, separate houses, or apartments from the outside, which appeals to many residents and clients. All housing is built at complementary scales and in character with the surrounding neighborhood. Examples of multi-family homes include one and two-bedroom apartments, townhouses, condos, and duplexes.
Rockford Construction Reviews
“Developing a strong partnership with Rockford Homes has been crucial to the growth of our business and the corresponding delivery of superior quality apartment homes for our active adult residents. We have enjoyed collaborating with the Rockford team to redefine 55+ living.”
Jane Arthur Roslovic CEO & Co-Founder
“I have worked with Rockford since 2000 on numerous construction projects, both single-family and multi-family, and in all this time, Rockford has consistently provided honest pricing and high-quality construction, plus they are good to work with. They know what standard you’re hoping for and they deliver it. You can’t ask for much more.”
Roy Lowenstein Project Developer