Upgrades That Will Rocket the Value of Your Commercial Property
If you own a piece of commercial real estate, or if you run your own business, then you will understand what a lucrative industry it can be.
For this reason, if you are renting your property to commercial clients or if you are trying to connect with prospective buyers, then these tips will certainly help you to boost the value of your real estate.
New buyers are certainly more interested in green properties when compared to ten years ago. When you operate your own business, you have to make sure that you take advantage of any new technology that is out there and you also need to make sure that you use recycled business materials wherever possible. Consider going for water-saving plumbing and even additional insulation as well. Energy efficient light bulbs are also a great investment if you want to keep the costs down, and this can even be used as a tax-saving incentive for your new tenant too. If you want your commercial premises to attract an international market, then consider having fibre optic internet installed while doing your renovations.
Boosting Curb Appeal
Curb appeal is a huge factor in a buyer’s decision to purchase. It’s important that you give your commercial building an edge by investing in the landscape and even the general cleaning of your property. If you own a landing strip, for example, then make sure that you apply new paint on the runways and even consider investing in a commercial windsock. If you own a standard building on the high street, then think about installing a flag or signage to direct your customers into the premises. Little changes like this can really boost the interest that people have in your premises. A good deep clean can work wonders, also.
Structure and Integrity
If you own the whole property, then try and inspect it for any signs of damage or general wear and tear before you try and sell it. It may be worth hiring a contractor who can do this for you because they can do a full investigation. They will be able to check the entire building to make sure that the waterproof membrane is intact while also making that there are no minor leaks in the roof. They will also check the foundation to make sure that there aren’t any cracks. If you have a property that is a bit run down then a lot of businesses won’t be interested in this and they won’t want to invest. This can be hard if you are trying to sell the property because you want to upgrade your own business, so it is something that is well worth considering.
As you can see, by upgrading the exterior of your business you can be sure to add a lot more curb appeal – and we all know that first impressions are everything. By making a good first impression, you can be sure to get the best result out of your business and everything that it has to offer you.