Monthly Archives: February 2015

The Importance of Up-to-date Colors

Out-of-date colors are one of the first signals to potential tenants that a property isn’t being kept up to date. Color styles change fairly rapidly and you should ensure that your property’s color palettes are revised every few years to keep up with the latest trends. You may not need to repaint everything, but you may need to change accents like trim or bring interior wall colors up to date.

color-choicesWhen it comes to the interior of a room, the color can quickly date the room. You should consider changing the colors of units on a regular basis. If you work with a commercial construction company, they can help paint a large number of units for you quickly. Consider a variety of designs when painting the interior of the units. It’s important to use colors that reflect a modern style. Also, avoid painting every room the exact same color. This gives the units a monotonous looks and can actually make them look smaller. A variety of colors adds visual interest and makes the unit look more modern.

You should consult with your commercial construction company about the colors in your clubhouse. It’s common for property owners to neglect clubhouses. When the clubhouse appears out of style, tenants are likely to avoid it. When they don’t use it, tenants are less likely to view the clubhouse as an advantage to the property. The clubhouse should be painted every few years so that it looks as modern as possible.

You should definitely ask your commercial construction company for recommendations about updating the exterior color of your property. You’ve probably driven past a lot of buildings that look tired and dated simply due to their color. At the same time, you’ve probably noticed other multi-family properties that appear fresher. You can achieve this more modern look simply by updating the color of your paint as long as the exterior of your building is in good shape. You’ll need to paint several parts of the exterior, including the exterior walls, trim, railings, shutters, fencing and any other decorative details. You’ll be surprised at how much updating the colors improves the appearance of your building.

Renovations That Will Help You Keep Your Best Tenants

When you find great tenants, you want to hold on to them as long as possible. They’re the people that pay rent on time, are respectful to neighbors and take of property. When you are considering commercial construction projects, you should keep these people in mind. What kind of renovations will help you hold on to established, responsible tenants? You don’t want to lose them because your property is out of date or not up to snuff.

plumbingYou can start by thinking about what irritates tenants. Ask tenants about these issues. The things that tend to irritate tenants most are things that cost them time and cause major inconvenience. Plumbing issues are high on the list. Overflowing toilets, backed up toilets and unreliable faucets are at the top of the lists of frustrations for tenants.

Appliances cause headaches for tenants. Refrigerators, stoves, washers and dryers wear out over time. There is nothing more frustrating than refrigerators or garbage disposals that constantly break down. Plumbing problems are just as annoying. Heating and cooling problems can also make life difficult.

When it comes to commercial construction projects, you should make these tenant inconveniences your first priorities. Update or replace all the appliances that are out of date. Upgrade the plumbing and HVAC systems so that tenants are as comfortable as possible. Keep in mind that newer heating and cooling systems will save you money because they are cost efficient. It’s a win-win situation.

Another commercial construction project to consider is clubhouse renovation. Clubhouses are often ignored and are used less. An up-to-date clubhouse can be an asset for tenants. Invest in your clubhouse and you’ll receive positive feedback from tenants. What kinds of things can you do to make the area more attractive? Consider the ways tenants might like to use it. They might like to hold baby showers, small parties and community-wide events there. To do so, the area should have new paint, nice tables and chairs, up-to-date flooring and a practical kitchen area. This will make the clubhouse seem like more of a perk to tenants.