Challenge
An international investor owned a mid-sized residential building in Valencia. While the building was in a good location, it was severely underperforming due to outdated interiors, high vacancy rates, and stiff competition from more modern rental options in the area. The investor wanted to generate steady income but lacked a clear strategy to improve the building's appeal and profitability.

Solution
weVLC identified an emerging market trend: the growing demand for co-living spaces among young professionals, remote workers, and students in Valencia. We proposed transforming the building into a vibrant co-living hub, designed to meet the needs of this audience.

Here’s how we brought the vision to life:

• Strategic Redesign: The building was redesigned to feature private, fully furnished rooms, with shared common areas such as kitchens, lounges, and workspaces. This layout catered to individuals looking for affordable yet community-driven housing.
• Modern Amenities: We included high-speed Wi-Fi, smart locks, and utility-inclusive pricing to enhance convenience and attract long-term tenants.
• Appealing Aesthetics: The spaces were modernized with bright, minimalist interiors and tasteful décor, ensuring they appealed to a wide demographic.
• Professional Management: To ensure a smooth experience for tenants and the investor, we introduced professional property management services, handling everything from tenant onboarding to maintenance.

Results
The transformation was a resounding success:

• The building achieved 100% occupancy within 8 months of completion.
• The co-living model delivered a 9% ROI annually, significantly outperforming traditional rental models in the area.
• The investor praised the seamless execution, noting the project not only increased income but also added long-term value to their property portfolio.

Through our expertise and deep understanding of market demands, we turned an underperforming property into a profitable and in-demand co-living space, cementing the investor’s presence in the Valencia market.