Whether you’ve settled into your new commercial space, planning to refurb and sell your years-old building, or trying to market for new corporate tenants, here are a few tips for enhancing your property value.
- External Wall Repair and Painting
The first thing that a potential buyer will see is the property exterior, so it’s imperative that you keep up on the upkeep and maintenance of your property exteriors. This also ensures better marketability and chances of a simple “for sale” board on the property premises catching more potential buyers. - Upgrade doors, windows and frames
Aside from looking stylish, new doors or windows make your commercial property far more energy efficient and can lead to more affordable maintenance cost for tenants or even potential buyers – who wish to offer affordable commercial spaces for rent. Besides, simple interior refurbs of this nature also lead to a far more modern and attractive office space, with the growing need of commercial spaces, particularly in Colombo. - Landscaping and green spaces
Tenants and buyers tend to opt for office spaces that also provide staff with access to landscaped areas and lush green spaces as it has proven to improve business growth by inspiring workers, and giving them peaceful spaces to take breaks in. Infact, investing in new soil, shrubs, trees and flowering plants can help breathe new life into old surroundings and private spaces whether it be an entrance, rooftop or terraced area. - Interior Flooring
Upgrade your flooring so it exudes a contemporary, clean, and stylish look, keeping up with the times and trends. Old, musty carpeting or chipped tile will definitely deter potential tenants/ buyers. - Toilet Repairs
Communal toilets are always an important factor for many corporations/ brands as they require their office communal bathrooms to also reflect the quality and standards that the brand markets to clients. When repairing or renovating communal toilets, remember that ease for hygiene, as well as state-of-the-art taps, hand dryers, soap dispensers and even air fresheners are important in keeping with the general look and feel you want your prime commercial building to exude. Besides all the more interior design and function requirements mentioned above, smaller repairs like painting the walls, replacing tile grout and even upgrading lighting can do wonders. - Light Fixtures
The cost of lighting fixtures can vary greatly, but if you have old-fashioned wall or hanging lights, it’s probably time for an upgrade (unless of course your commercial building is styled in a colonial manner). Lighting in fact can sometimes make all the difference, even if your interiors are new or needing a refurb. Also, remember to keep it sustainable and energy-efficient.
After considering all of the above, don’t forget that maintenance continues to be key. While we at Beverlee Holdings believe that by the end of your efforts, you’ll be confident that you’ve done everything in your power to boost your property value and attract buyers/ tenants, we also understand how strenuous, time consuming and nerve-wrecking it can be. The recommendation is to find the right interior design or interior design firm – such as Beverlee Holdings and let this dream pairing elevate your property value.
The added bonus of partnering with a design & build firm – they are also able to identify structural damages/ concerns that could easily be rectified at present at affordable costs, rather than later on as a visible problem – prevention is better than cure.
