Whether you own a large shopping center or an office building, not taking care of your commercial property can drive away tenants. Tackling renovation projects and taking care of daily commercial real estate maintenance tasks can be overwhelming. To make it easy for you, we’ve come up with some areas to prioritize:
Pay Attention to the Exterior
If you really want to attract tenants that would be willing to pay a premium for a more presentable and professional-looking curb building, you’ll need to keep the exterior in pristine condition. Walk through the exterior of your commercial property on a daily basis and inspect for anything that needs to be replaced or repaired such as the exterior paint, the condition of parking and roofing areas, landscaping, window glass, and signage.
Interior Maintenance Is Equally Important
Understandably, the interior of your commercial property is just as important as its exterior. Some areas to keep an eye on include interior wall paint, light fixtures, furnishings, and flooring. Not only should these look appealing and be functional, but also be effectively cleaned on a daily basis.
Utilities and Facilities
While the exact arrangements should depend on what’s mentioned in the lease agreement, the property owner is typically responsible to ensure maintenance of areas like bathrooms, water heaters, elevators, air conditioning units, break rooms, and other utilities or facilities. Since these items play a vital role in the operation of a property, they need to be prioritized for property management.
Don’t Procrastinate on Architectural Improvements
If you believe that a remodel or reconstruction can greatly improve the appeal, don’t procrastinate on initiating the project. It can be costly and time-consuming, but should give you an incredible edge over the competitor. But you must also follow certain standards and norms, because large renovation projects typically involve a lot of legalities.
Property Maintenance FL, NJ, and NY
By now, you should have obtained a fair idea about the areas to look at when considering commercial property maintenance. We’ve touched upon the most critical aspects, which, if ignored, can prove highly off-putting for potential tenants. If you own multiple real estate properties, it might make sense to hire a property management firm to take care of these obligations. For high-quality and responsive maintenance services, reach out to Milbrook Properties Limited.