If you own or manage a commercial building, you don’t need us to tell you how important maintenance and upgrades are to your bottom line. Regardless of the type of property you own – be it an apartment complex, office space, hotel, retail store, or something else entirely – you’ll benefit the most from cost-effective upgrades that add both functional and aesthetic value.
Many factors influence the value and appeal of a commercial property, so it can be a challenge to identify the upgrades that will give you the biggest bang for your buck. That’s why we’ve compiled a few tried and true ways to add substantial value without the need for demolition or major renovations.
1. Update the interior and/or exterior paint
One of the most impactful and cost-effective ways to boost the value and appeal of your commercial building is to paint or repaint it. A fresh coat of paint on the interior walls or exterior facade of your building can instantly improve its appearance and make it feel more inviting.
Choose your paint colors carefully. It’s been proven that different colors have different impacts on human psychology. The colors you use to paint your siding or walls can also impact the feelings and thoughts of your employees, customers, and/or tenants. For example, various shades of red have been shown to increase feelings of boldness and urgency, which may be ideal in a retail environment to encourage customers to make purchases. Blue, on the other hand, represents stability and calmness, so neutral blues can be a great choice for spas and hotels.
2. Add energy-efficient and sustainable features
Improving the energy efficiency of your building not only decreases utility costs but can also boost your reputation with tenants or customers. Across the board, people are becoming more concerned with sustainability when it comes to their purchasing and renting decisions.
If it’s been awhile since you’ve updated your roof, doors, windows, appliances, or heating and cooling systems, now’s the time to look into upgrades that could save you money every month and boost your reputation.
3. Upgrade the curb appeal and entryway
The importance of curb appeal can’t be overstated. Your building’s exterior appearance and entryway represent your chance to make a great first impression. Here are a few ways you can spruce up the look of your building from the street, sidewalk, or parking lot:
- Update the paint colors – neutral colors like grays, creams, and beiges tend to be the most appealing and won’t compete with business signs or other marketing efforts.
- Install or refresh the landscaping – a few trees, plants, or other foliage can go a long way.
- Keep windows and doors clean and in good condition – the same goes for walkways, stairs, and railings.
- Add extra lighting – inviting and inoffensive exterior lighting revitalizes the look of your building during the evenings and also improves safety.
4. Add amenities
Amenities can be an excellent way to get a leg up on the competition. Whether you own an office building, apartment, hotel, or retail space, adding amenities is a proven way to get positive attention and attract potential customers or tenants. Here are a few ideas:
- Fitness centers
- Common areas
- Coffee bars
- Patios
- Bike racks
- Covered parking
- Playgrounds
- Pools
- Benches
- Walking paths
- Conference rooms
5. Improve building security
Better security can add instant value to your commercial building. Whether you operate your own business out of your building or you rent your commercial space to tenants, keeping your property and its contents safe and secure is of the utmost importance.
Features like smart locks, security cameras, motion-sensitive lighting, and WiFi-enabled smoke and fire alarms add convenience and make your building feel modern and up-to-date.
Flexible and professional commercial painting services
Repainting the interior and/or exterior of your commercial property can improve its appearance, catch people’s attention, and deliver an outstanding return on your investment.
At Bluenote Painting, we approach each and every residential and commercial project with the highest level of craftsmanship and attention to detail. We’ve built our reputation on superior customer service, transparency, communication, and results that are beautiful and long-lasting. We also offer an industry-leading year warranty on every project.
Contact us to let us know how we can help and to request a free estimate!
