Commercial properties can make a handsome addition to any investment portfolio. For owners who are interested in boosting the value of their holdings, renovations and upgrades can be well worth the cost. Restoring a business plaza to its former glory could lead to a greater return of investment than you might expect.
The exterior appearance of a commercial building, campus or plaza is a crucial factor in terms of determining curb appeal. A faded exterior or run-down appearance could be doing more harm to your property than you might realize. Dealing with repairs, upkeep or renovating the exterior design in order to restore the look and feel of the original building can often be well worth it.
New Awnings, Signs and Lighting
Tattered awnings, outdated signage and lighting fixtures that may have seen better days are also issues you would do well to correct. Ensuring that those who may be visiting you business plaza are more likely to form a positive impression is a very important concern. A few minor upgrades could end up making quite a difference. Outdated installations and fixtures that have begun to show visible signs of wear should always be replaced at the earliest opportunity.
Gardening and Landscaping
Maintaining the greenery is another issue that may need to be addressed. An unkempt lawn or trees and shrubs that may be overdue for a trim can detract from the overall appearance and aesthetic of your plaza. Making arrangements with commercial landscaping services can often be the easiest way to deal with gardening projects or landscape maintenance issues, especially those that may be beyond the scope or abilities of your current property manager.
Once you have managed to elevate your plaza’s appearance, you would be wise to preserve it. An on-site security guard or even an occasional patrol can significantly reduce instances of litter, vandalism or property damage. Ensuring that tenants, businesses and visitors alike are able to enjoy an environment that is neat, orderly and safe is an important responsibility, one that you would do well to take seriously.
A commercial plaza that has been well managed and maintained is far more likely to retain its market value. From relatively new business parks that may just beginning to show signs of inadequate upkeep to older properties that may require a significant investment of time and finances in order to renovate, restoring your property to its former glory can often be a worthwhile undertaking.