If you’re a property owner who is looking to sell your commercial property in the not-too-distant future, you may be looking at ways to make the site more attractive to potential buyers so you can get top dollar.
There are many ways you can boost property value through commercial renovations to get the most bang for your buck. Here are some of the top ones.
You can maximize your return on investment (ROI) by adding a few integral contemporary amenities. If you have an urban office building, for instance, you could convert an unused rooftop into a beautifully-landscaped garden for lunch breaks, events, and outdoor meetings. If your office is located in a complex, consider the addition of a fitness center or a trendy coffee shop with baristas.
Energy Efficient Improvements
Adding and maintaining mechanical systems that maximize their efficiency can produce lower utility bills — a win/win for buyers who want energy efficient tax incentives to explore.
You don’t have to spend tens of thousands of dollars on renovations. Sometimes, a new sign or freshly painted exterior or lobby can make all the difference. Even a resealed and striped parking lot with spruced up landscaping can do wonders for your curb appeal and value.
Many commercial buildings have on-site child daycare centers, but what about pet owners who want to spend time with their dogs? Putting a dog park on your property, or even a doggie day care, can put you in good standing with all your pet-loving clients, employees and tenants.
Every commercial property should have security as the focus, in order to protect your inventory and occupants. Consider installing a tall perimeter fence, automatic gate, security cameras, flood lights and motion sensor lights.
Kitchens and Bathrooms
In residential homes, modern updates to kitchens and bathrooms top the list of the most valuable renovations, and this is no different for commercial buildings. Upgrade your kitchen with more storage and cooking options for employees, and for the bathrooms, consider adding nursing mothers’ rooms for privacy and convenience.
Tenants will pay higher rent when they see amenities that add value for their clients and employees, such as trash valet, dry cleaning service, laundry, covered parking and high-end vending machines with fresh, healthy choices.
Features that offer visual interest, fun or comfort to daily interactions are always a plus. You may consider adding a common or social area for your business, which will foster more creativity and productivity, or adding smart lighting controls with voice-activated systems. Speaking of automation, tenants want perks that help them monitor and control everything from their phones – especially when those features can help them reduce their heating and cooling bills.
Contact AD Construction
Looking to perform a much-needed commercial renovation in the South End? Look no further than our commercial contractors in Boston who are skilled in all types of commercial improvements. Get a free quote and consult when you contact us at 877-345-BUILD today!