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May 2, 2017

Apartment Marketing Ideas for Luxury Properties

Posted by Jake Meador

 

Though there are certainly general apartment marketing principles that should be practiced at any community, there are also specific challenges at each individual community. In these situations, you need some more specific apartment marketing ideas to address the specific challenges facing a particular community.

This week we want to talk about marketing ideas for specific types of communities. Today we'll discuss luxury properties. Later this week we'll be talking about marketing ideas for C properties, and for properties in small towns.

What is the most important thing for luxury apartment communities to do with their online marketing?

The best thing you can do as a luxury property to stand out is to build a website that is product-focused. What we often see with luxury properties are websites built around developing a strong brand rather than informing prospects about the product they would be purchasing were they to sign a lease.

In practice, this looks like glamorous, high-dollar websites that look spectacular but often don't tell prospects very much about the property. Of course, in some industries this sort of marketing plan is by design. Your marketing strategy consists of building a brand that gets prospects to associate your fairly ordinary product with something they value. So, for example, Chipotle's marketing is basically about getting us to think of something as simple as a Chipotle burrito as being particularly virtuous because the food is sourced in certain ways, they don't use GMOs, etc.

For restaurants, this sort of brand-based marketing works well because having a strong brand with consumers is highly advantageous. People buy food all the time so if you can get a consumer to think of you in a certain way, the odds of turning them into a repeat customer and long-term fan are very good.

In multifamily, however, a brand-based strategy doesn't make as much sense. In the first place, most management companies are not going to have repeat customers and almost certainly will not have long-term customers who lease from them at three or more different properties. Apartment choice has more to do with amenities, price, location, etc. then with the brand of a specific company. Second, brands make sense with low-risk purchases where the initial bar to try your product is very low. I might see an ad I like for a new energy drink and, given that the cost of the drink is only $3, go ahead and give it a try based only on the very flimsy basis of seeing a single ad. But an apartment lease is a much riskier purchase. Even a comparatively cheap lease like $650/month for 12 months still ends up being $7800 over the full year. So you can try to build a brand, but the value you get from that is likely to be pretty limited.

What are specific ways to create a product-centered website?

There are three main things we want to focus on in discussing specific tactics for focusing your luxury property's website more around your product than your brand:

  • Create floorplan-specific content that helps prospects see into their apartment.
  • Make amenity information easy-to-find.
  • Do not neglect technical SEO points.

We'll expand on what each of these mean below.

Create floorplan-specific content that helps prospects see into their apartment.

The most obvious way to be product-centered is to make it easy for prospects to find specific information about your product. In this case, the specific thing a person is leasing from you is an apartment. So make it easy for them to actually see that specific  apartment.

At a minimum this means having floorplan-specific photos on a gallery page that are plainly marked by floorplan. But that's just a minimal requirement. It's far better to create specific floorplan landing pages for each floorplan in your community. On that page you will have photos of the floorplan, but you can also post a walkthrough video tour of the floorplan, and specific amenity information about that floorplan.

What all this information does is allow prospects to learn about the floorplan for themselves and make an informed decision about whether or not they want to take a tour of it in-person. If they decide they do want to tour, then they are that much warmer when they call your leasing office. If they decide that they don't want to tour, then you've disqualified a bad lead before they ever called your property and have saved your leasing staff a fair bit of time.

Make amenity information easy-to-find.

Next to the floorplan itself, the most important factor for many prospects in making a decision about the apartment will be amenities. Pet policy is hugely important. At a minimum, prospects strongly prefer ads that state the pet policy. But we also know that 45% of property managers say that their residents tell them pet-friendliness is the most important amenity a community offers.

For this reason, you should make it easy for prospects to find specific amenity information about your property. This is partly, again, a matter of lead qualification as in the case of floorplan content. But it is also an issue of user experience. When you need a specific piece of information and can't find it where you would reasonably expect it to be, that's frustrating. A good website should reduce that frustration for users, particularly when the purpose of the website is to entice visitors into calling the leasing office and possibly signing a lease, which is a major financial commitment for them.

Do not neglect the technical points of search engine optimization.

This is another point that can be lost when communities splash the cash on a high-dollar website without thinking enough about their marketing priorities. If you want people to see that site, they need to be able to find it. And if they are to find it, search engines need to index it and rank it highly for relevant keywords. And if that is to happen then you have to take care of the nitty-gritty technical SEO work that requires. This includes things like the following:

  • You must optimize photos on the site to make sure they are sized correctly and can load quickly. (Design-intensive websites often load slowly due to the size of their images, particularly on mobile devices.)
  • You need to make sure that redirects are set up correctly. This particularly means making sure that you have a redirect set up so that http://yourdomain.com redirects to http://www.yourdomain.com or vice versa.
  • You should also check to make sure the site is mobile-friendly. To do that, you can simply go to this link and plug in your site's URL. If you have particular questions about this issue as it pertains to multifamily, you should also check out our extensive posts on the issue. The main summary piece is here. A more in-depth treatment can be found here.

Conclusion

The key with all of this is to be thinking about the prospect's experience as they are using your site. Sites with huge hero images of happy people lounging by pools and thin, trendy fonts may look cool, but they aren't necessarily going to lease apartments which is what your site needs to do. Focus on the product. Focus on the customer. The branding, so far as it goes, will take care of itself.

Walkthrough videos improve leasing team efficiency.

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Rentping is an apartment marketing agency that helps you do big company marketing without a big company budget. See our solutions to learn more.

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