Sub-metering? Have you considered it?
Any commercial space big or small is an excellent source of income. Having a sub-rental facility can get you more money than renting out the entire area to just one prospective tenant. This is where sub-metering plays a significant role. If you have a large building and you rent out to various companies, you will benefit from the sub-metering. Prospective tenants don’t look forward to paying split bills. It's like going to a restaurant ordering a Buddha bowl and paying a part for your friend’s caviar dish because the bill was split equally. With sub-metering tenants have to pay for their very own share of energy usage which is a grand bargain.
Energy efficient Setting: Your share of the investment
A great way to add tangible value to your property is to incorporate energy efficient lighting. The most straightforward way would be to have a LED set-up for the entire space in such a manner that no matter what kind of an office you rent out space to can have the best uses with the set-up. Have professional electrician advice you on the type of lighting you can go for. LED is not only great an option to fluorescents just because of the current trend the tenants much appreciate it as they get to save up on the electricity bill in comparison to a fluorescent set-up.
The face-lift: Can we get to it already?
What do you do when you want to list your home for a high selling price? Clean it up real nice and have it fixed for getting the best price possible. It’s the same with commercial property. Find out the loopholes you have starting from the piping, the washroom facilities, windows, doors to the dents on the walls. You can even reclaim some space that was just ignored and used as storage. A thorough investigation of your property will tell you stories unheard that will open room for improvements. Reclaiming old cranked up spaces gives you the power to get paid for a bigger space.
How about a makeover instead?
Okay, we get it. You don’t want to spend that amount of money to get tenants. Get a makeover instead. This may include installing wall panels, having a little interior décor done to make space look all ready for use as an office or a studio or a corporate space of some other kind. This could entice tenants and turn them into prospective clients. But this needs more in-depth research than getting the entire space fixed and re-done by an architect, a possibility you don’t want to get in to as yet.
Can we get the greens inside? Now!
People solely over the earth are looking for spaces that are energy efficient, low maintenance and safe. Having some plants installed inside the building is not a bad idea, is it? No, but plants do require support. Here’s how you can skip that part too. Artificial plants do not require maintenance. They have been the talk of the town for quite a while now and all good reasons. They are made with fire-retardant chemicals, and the artificial outdoor plants come with UV protection as well. You can have general office plants like potted ferns, date palm arrangements installed for unused corners or little green shrubs in the washrooms for adding more aesthetic value to your space. This doesn’t stop there. If you happen to have a lobby style space, you can have entire wall coverage with fake plants. This wouldn’t just make space look nice but hide dented walls that are not readily fixable.
A great parking space is a boon for prospective tenants
Safety is crucial to anybody buying or renting your space. A big and well-lit up parking space is a sure-shot way to increase the value of your existing property. Have extra security cameras installed in the parking space with as good lighting? Having security guards can also help hike up the rent to a good amount. A good security system can ensure that you have established the fact that your space is worthy of an excellent rental opportunity.
An overall efficient security system
Why have security in the parking space and not the entire space? Talk to your local security firms that offer such services and have them guard your entire commercial space. This doesn’t just lure prospective tenants but corporate buyers as well.
The landscaping- Almost forgot right?
What’s the first thing people set their eyes upon while stepping in your commercial real estate? The outdoors. This place needs to be revamped entirely if it looks dull and lacks maintenance. You can have topiaries and fake palm trees installed here with a few relaxing benches if you’re blessed with space. Hire a company that does customized artificial plants for such events. They would generally suggest you with ideas that would work well with the amount of space you have to work with. These plants don’t fade, need no looking after or grow out. This is a significant short-term investment with long-term gains. Stone structures also add aesthetic value to outdoor landscaping; you can have designer advice you with the landscaping projects for cheap resources.
From small tweaks like light fixtures to the more significant makeovers that can hike up the rent like no other are here for earning you the big bucks. Learn how you make small and big changes to add more value to your current property in the real estate market.