How to Increase the Value of a Commercial Property

Whether you are looking to buy or sell a new commercial property, or invest in one you already own, there are many options to consider from easy upgrades to more substantial renovations. 

Adding value to commercial real estate properties often means improvements that will enhance perceived value for tenants and customers. Cosmetic upgrades are an easy way to breathe new life into existing commercial buildings. Renovations may seem like a daunting task but may be required for older buildings or antiquated properties.

When determining how you can make the most out of your commercial real estate investment be sure to consider the following key opportunities:

Modernize the Interior

Cosmetic improvements to modernize the interiors of a property may include new paint or wallpaper, even new decor for common areas. New carpeting or flooring can also go quite a way in updating the look and feel of a space. Get creative with your ideas. Working with an interior designer can also be beneficial.

Refresh the Curb Appeal

The exterior of the building is the first thing tenants and their customer base see, making it one of the most important considerations. Sprucing up the outside of the property with new landscaping or fresh paint/siding is a quick and relatively easy way to make a dramatic improvement. Signage is another key element for both exteriors and interiors. Updates to ensure signage is not only easily visible and accurate but also beautifully designed is one investment all tenants appreciate.

Add Amenities

Amenities for tenants are easily overlooked as you are considering how to improve the value of your property. However, certain amenities can often be the deciding factor in a business’ chosen location. Ample outdoor courtyards and seating are an important element for humanizing commercial properties. A greater number of loading docks or easier access to existing docks may improve efficiency for tenants. Free wireless internet for retail tenants could be a great way to make the property more appealing and valuable.

Improve Energy Efficiency

One of the easiest ways to add value to a commercial real estate property is to introduce energy-efficient lighting. This not only saves property managers and owners money but can also save tenants money on monthly bills. Certain light bulbs can simultaneously save energy and significantly reduce maintenance costs. Improving usage of natural lighting throughout a building can also lead to lower energy costs resulting from reductions in electricity consumption. 

Find the Right Partner

Regardless of what updates you choose to prioritize, finding the right commercial general contractor to partner with is arguably the most important aspect of increasing the value of your property. At Green Heart, we take a consultative approach to assist with planning to execution. Schedule a consultation with our team of experts today to learn more about how we can support your property upgrades. Contact Us →