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 You don’t want to lose them because your property is out of date or not up to snuff.
You 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 Update or replace all the appliances that are out of date.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.