If you’re preparing to sell your commercial property, you probably want to get the most for it as you can. The good news is that increasing the value of a commercial property can be done pretty easily. All you have to do is be aware of what commercial real estate buyers look for in properties and of the current trends where you are. You also have to make choices that will give you a return on your investment. Here are some simple ways that you can raise the value of your commercial property.
Seal Coat or Resurface Your Parking Lot
If your parking lot is still in pretty decent condition but lost some of its sheen, one of the simplest things that you can do would be to call a team to come seal coat or resurface it for you. Teams like https://mcconnellassociates.org/asphalt/maintenance-sealcoating-services/ will come to your premises and see what would be the best option for you. A freshly sealed coated parking lot will impress most buyers and instantly give them a good impression of your building. It’s pretty affordable considering the type of return you could make.
Improve Security
Security is another major seller for any commercial real estate buyer. They will love seeing good lighting, advanced security systems, and automatic gates. Other things they might like are RFID-activated doors and intercom systems. You will have to prioritize certain areas, however, as making all of these additions at once could be too expensive. If you want to get the most bang for your buck, invest in a good smart security system if you don’t have one already.
Add Amenities
Adding amenities or transforming rooms in a commercial building could also give you interesting returns. If this is an office space, for instance, adding something like a gym could instantly make the lot look more expensive and attractive.
You should also look at ways that you can change unused space into rentable space. Unfinished lobbies and poorly organized hallways could make large parts of your commercial property unrentable. Unused storage areas can also gobble up rentable space, so, see if you could combine rooms and adjacent areas into spaces that could be rented.
Make Landscaping Additions and Improvements
If your landscaping is not up to par, you will need to do something to fix it right away. Remove any weeds from the front lawn and have it resodded if you want to get a perfectly green front lawn fast. Replace dead shrubs or consider planting shrubs and evergreens if you don’t have any. Rock mulch can also be used to fill empty spaces on the cheap, so see how you can use them in your landscaping and focus on color if you want to grab the attention of people coming in.
Conclusion
These are all methods that will help you increase the value of your commercial property and buyer interest in it. Continue to look at your options, and concentrate on those that will require a minimal investment that can be performed quickly.