Many factors contribute to the value, and subsequent valuation, of a commercial space. But one of the biggest driving forces is appearance. How does the building look – and not just on the outside, but on the inside.
Oftentimes, a building is in need of a little upgrade or refresh as opposed to a whole rebuild. Smaller, more simple renovations can help make a space more appealing to a wider variety of prospective tenants or potential buyers.
Here are a few ways you can improve your commercial building to increase its value:
- Upgrade the Entryway
The top priority in any commercial space is to get people in the door. Whether you’re operating a hotel space or simply a functioning warehouse, an outdated entry way can have a negative impact on sales, customer experience, employee experience and even operations. Creating a more functional an aesthetically appealing entry can make a big difference across the board in how your commercial building is received.
- Focus on Purpose in Small Places
When it comes to commercial space, all too often we see that highly-trafficked areas like hallways and bathrooms are overlooked. Corridors are the backbone to a commercial building – whether it’s for tenants or employees – these spaces can have a decided impact on one’s experience in the building. If you’re an ALF – are your corridors wide enough to comfortably fit multiple wheelchairs at a time? Are your freight elevators in the right places to enhance functionality at your warehouse to save time and boost operations? Are your guest bathrooms in key places like the lobby of your hotel – and are they updated enough to match the quality of your brand?
- Be Energy Efficient
It’s important to keep your building up to date. It can make the space more energy efficient, lowering utility bills and lessening your carbon footprint. Pay close attention to the condition of your roof, doors, and heating and air system. If they haven’t been upgraded in a while – now’s the time to look into it. Oh, and bonus: efficient spaces also lead to higher productivity.
- Create Usable Space
A poorly designed layout means that the space can’t be utilized to its full potential. Make sure all of the rooms in your building are finished and each has a purpose. This doesn’t mean you have to completely change the floor plan of your building. Sometimes removing a wall can create a bigger space that will be more functional to fit your needs.
- Keep Up with Repairs
Stay in the game by maintaining your building and keeping it in the best shape possible. Delaying repairs will only cause more problems in the long run. If a needed repair isn’t fixed as soon as it’s noticed, it may end up costing more money.
Seacoast Construction can handle your remodel and let you increase the value of your building. If your commercial building needs a little fixing up, we can help! Give us a call at 786-433-8740 or send us an email. We’ll be happy to answer any questions you may have!
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