How to Increase Your Commercial Property Value
March 27, 2023
Connectivity
Staying connected and having a reliable internet access is vitally important in the 21st century. Employees are working from home and need to be able to access technology in the office, and almost every aspect of running a business requires an internet connection to keep running. Broadband allows offices to stay connected with remote partners via video calls, presentations, real-time editing on multimedia projects, etc. Retailers, hospitality services, and on-site establishments need connectivity to power credit card terminals, monitor security systems, and control the temperature of the environment, among many such functions. Therefore, broadband connectivity is a top feature required in commercial property.
Roofs
Keeping the roof in good condition should be a priority; not only to maintain property value, but also to protect the building and all your investments inside it . Neglect can lead to serious harm, so watch your roofs!
Windows
Energy-efficient windows improve value by keeping cooling and heating costs down. In addition to financial savings, they can protect your business from harmful UV rays, reduce condensation, provide noise protection & pollution, energy discounts & tax incentives, and finally less maintenance over time. On top of all that, windows are also an aesthetic feature!
Parking
While not the most exciting way to spend money, parking can be a valuable perk. In the St. Louis area, parking can cost anywhere between $15 to $30 for the first two hours; not to mention it can be impossible to find in the city. Therefore, providing employees and customers with parking spaces is one surefire way to up a property’s value, while also doubling as a passive income option if you choose to open it up to the public.
While these things are a great way to increase your property value, they will also allow you to charge more per tenant lease! At Realty Exchange, our Commercial Investment Specialists will work with you to help you get the most value out of your property as possible. They are also highly knowledgeable and able to offer sound advice.
When it comes to real estate investment opportunities in St. Louis, there are no better Commercial Investment Specialists than our team at Realty Exchange. With over 40 years of experience Realty Exchange has led the commercial and investment real estate industry in St. Louis, closing more than two BILLION dollars in transactions for our clients. We have achieved those high marks by arming our clients with new tools to stay ahead of market conditions, analyzing the impact of economic trends, and evaluating legal issues that affect our industry and therefore our clients’ bottom line. We put custom financial and marketing solutions in place to improve our clients’ portfolios by fine-tuning existing product performance and holistically managing real estate investment strategies. So, if you need a Commercial Real Estate agent, we highly recommend you giving us a call for a free consultation with one of our amazing team members.