Are you interested in renovating old apartment complexes but aren’t sure if you will be getting in over your head? These commercial construction projects are complicated processes but you can recoup a huge return on your investment through renovations. You will also have the pleasure of turning an older, out of style property into an updated, stylish apartment complex. These types of projects can be complex. You’ll need to consider many different options like energy efficiency, updating heating and cooling systems, bringing the building up to current codes and several other issues.
One of the first things you’ll need to investigate during these types of renovation projects is the building’s systems. These include heating, air conditioning, plumbing, elevators and any other building-wide features. You will need to bring all these systems up to date. This will be one of your most significant investments. You can’t move tenants into a building when the all the systems are out of date. The good news is that you will be installing systems that are modern and will be significantly more energy efficient than the systems that existed in the past. You may be eligible for rebates and tax deductions.
Repairs, redesigning and painting will be a major part of your commercial construction project. The walls should be painted or updated with modern wallpaper to make the walls look clean and attractive. You will also need to replace carpeting or repair tile and wood floors. This will give the floors a fresh, modern look. Kitchens and bathrooms may need redesigned to accommodate modern needs.
You’ll need to consult with your general construction coordinator to ensure that your building is up to local code and is in compliance with the American with Disabilities Act (ADA). As you are completing the renovations, you may have to expand certain projects so that your projects are in compliance with the ADA. In some cases, the rules may not apply to your building as it may be grandfathered in. However, if you intend to sell the building down the road, making the renovations now makes sense. If you can’t make all the ADA renovations now, you can consult with your contractor to plan ADA renovations over time.
Out-of-date colors are one of the first signals to potential tenants that a property isn’t being kept up to date.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.
When 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.
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.
There are a wide variety of elements to a commercial construction project. When you’re trying to plan and budget, you may be wondering which elements are the most important. If you have a good commercial construction partner, you should consult with him or her to decide how to approach your property’s renovation. An experienced commercial construction project manager can help you identify the most important projects you should consider. He or she will know the market and what renovations will help your property stand out from others in the market.
Some of the most important commercial construction projects are targeted towards tenant comfort and enjoyment. These mainly concern the interior of the home. Although plumbing isn’t visible, plumbing problems are a major source of tenant dissatisfaction. The same goes for heating and cooling issues. The temperature issues in the building have a major effect on the tenant’s quality of life. They are much less likely to stay in a building where they aren’t comfortable.
It’s important to work with a commercial construction company that has expertise in both internal and external projects. You’ll need to find a project manager that you feel comfortable working with. You’ll also want to ensure that the company is trustworthy and has a good reputation in the industry. You can check with the local Better Business Bureau to ensure that the commercial construction company has not been the target of any complaints.
External building renovations are a very important part of improving your property. The exterior of your building helps to attract new tenants. A good commercial construction company can help you identify the most important issues when it comes to renovating your property. Important elements may include replacing roofing, upgrading siding, repairing or replacing fencing or repairing stairwells. Other exterior commercial construction projects include upgrading your property’s clubhouse, replacing balcony rails and pouring new concrete on sidewalks and other public areas. If your property has swimming pools or hot tubs, it might be time to take a look at them and decide if they need to be professional cleaned, have parts replaced or need to be replaced entirely.
Every commercial building owner wonders about the right time for renovation. Commercial construction and design are inevitable parts of rehabilitating older-style buildings to make them appeal to modern renters. When is the right time to renovate your commercial property? How do you know it’s time to put the time, planning and investment into commercial construction?
Even though commercial construction is a serious investment, it has long-term benefits for your property. There is nothing less attractive to a renter than an out-of-date building with a laundry list of problems. Even when you aren’t planning a major project, you should stay on top of issues like plumbing, HVAC issues, broken windows, fence repairs, painting and roof maintenance. These concerns are important for keeping your tenants safe and comfortable.
As you work on smaller projects, you should work to build a relationship with a reputable commercial construction company. When you work with contractors, carefully evaluate their work and honesty. Do they give you reasonable estimates? Are they able to complete work within the estimates? Are their prices in line what other contractors offer? Before you start a renovation, you need to know that you are working with a reputable company.
It’s time to renovate your building when it starts to look slightly out of style. Always keep an eye on other properties in the area, especially new buildings. Compare the styles to your property. How are they different? Do they offer amenities that you don’t have? What aspects of newer properties make your building seem out of date? Look at the styles of roofs, fences, balconies, windows, the club house and other details you can see from the road. If you notice that most properties have a much more modern look than your property, it’s probably time for a serious renovation.
It’s important to consider the interior of your property as well. You should work with a commercial construction company that can perform both interior and exterior renovations. The interior of your units and clubhouse should be renovated so that they have modern appliances, flooring, lighting and other amenities. A good commercial construction project manager can help you identify projects that will help improve your property immediately.
Good lighting makes your multi-family unit considerably safer. Cars will be able to see pedestrians more easily which cuts down on accidents. Residents will feel more at ease walking in a well-lit area at night. Insufficient lighting makes the area seem dangerous. Good lighting will help attract and retain tenants. It can also cut down on crime in the units because criminals tend to avoid well-lit areas.
Carefully evaluate the lighting on your property from several angles. Are parts of the parking lot darker than others? Is there sufficient light in between buildings? What about the hallways inside and outside of the building? Investigate the laundry facilities and the hallways leading to them. You should also check the areas around the clubhouse and near trash receptacles. Tenants prefer good lighting in all of these areas. You should also check to see if the lights in any area tend to flicker.
A multi-family construction company can help you develop a lighting plan or upgrade your existing lighting. Multi-family construction companies are experienced with these types of projects and can give you helpful advice on how to get the most for your money.
One of the advantages of working with a multi-family construction company is that they typically have their own electrical staff. You won’t have to wait until they can coordinate an electrical team to work on your property. You can also work with the multi-family construction company on a wide range of other projects which will make managing the property significantly easier.
A multi-family construction company can help you find the most efficient lighting possible for your property. Your energy costs don’t have to go up when you install more lighting. A multi-family construction company may recommend replacing older lighting units to install new, energy-efficient lighting that will save you money over the long run. You’ll please your tenants and save on energy costs at the same time. In some cases, you may be able to deduct energy efficient lighting alterations on your tax forms. Your multi-family construction company can help you understand the tax advantages of revamping lighting.
Every property owner wants to prevent accidents. There are many areas of a property that you should evaluate when it comes to tenant safety. However, something as simple as a loose railing or broken stair can lead to a serious accident. To keep your property in the best shape possible, you should work with a commercial construction company on a regular basis.
Even if your property is well-built, problems can develop over the years. Railings get used regularly and can come loose due to heavy use. They can also get bumped by furniture during moves. If the railings are attached to concrete, the anchors will need to be replaced eventually. Rust can cause the railings stop weaken and snap. Residents can have a serious fall if they put their weight on compromised railings, especially if the railing comes loose. Bad railings can also violate building and safety codes.
Depending on the type of stairs your property has, the stairs can erode over time. They can crack and boards can come loose. Some types of stairs buckle which can cause accidents. Stairs are easily damaged by tenants when they move or drop things on stairs. Weather can also have a negative impact on the integrity of stairs that are exposed to the elements. A commercial construction company can evaluate your stairs for buckling and cracks that may lead to problems down the road.
A commercial construction company can help you determine whether your railings and stairs need repairs, upgrades or if they need to be replaced. A commercial construction company will do a thorough evaluation of all the railings and stairs in your apartment complex to identify weaknesses.
One of the advantages of developing a relationship with a company is that they can help you identify problems and create a long-term plan for maintaining your property over the long term. You will work with an experienced project manager who can help coordinate your projects and find the vendors and materials necessary to complete the work. Commercial construction companies typically have a staff of workers that can handle most projects quickly.
When you own a multi-family property, emergencies can come along at any time. Weather is a common cause of emergency problems. Hail, high winds and ice can damage roofs, siding, windows and stairs. Sidewalks walks can crack and gutters can fall. Fences can be damaged by a number of factors including car damage and storms. These sorts of repairs need to be fixed quickly because they can compromise the safety of residents.
Emergency repairs are not limited to external problems. Water leaks can occur in any part of a building. Hot water heaters can stop working. Plumbing backups can occur in single or multiple units. Weather problems can encroach on building interiors and cause water damage. A variety of electrical issues can affect tenants. These can range from minor power outages to major electrical system failures. Internal emergencies need to be remedied quickly because they directly affect your residents and their quality of life.
Some repairs need to be addressed quickly because they affect the appearance of your buildings. They can make your property appear shabby and neglected. This becomes problematic when you want to attract new tenants. They will notice the damage immediately. These are the reasons why it’s important to have a relationship with a reliable commercial construction company. A commercial construction company can help you solve problems quickly in many different circumstances.
Building a partnership with a commercial construction company can help you manage emergencies quickly and efficiently with minimal disruption for your tenants. How can you tell if you’re working with a good commercial construction company? They should avoid using high pressure techniques to get you to commit to projects. The company should also have strong reputation in the community that has developed over a long period of time.
A commercial construction company can help you with a variety of projects. Their assistance is invaluable when you are dealing with an emergency situation. The company will have experts on hand that are experienced with plumbing, welding, concrete, siding and roofing. They will also have specialized technicians that can handle electrical and plumbing problems immediately. You’ll also find that a good company can help you manage a wide variety of projects in addition to emergency repairs.
If you own a multi-family housing complex, tenant damage is a very real concern. You’ve probably heard horror stories from property owners and managers. Even though you probably charge a damage deposit, tenants may still treat your property disrespectfully. Average tenants will probably leave scuff marks on your walls, stain carpeting or damage flooring. The worst tenants do even more harm and may damage plumbing, harm drywall, bend stairs, break windows or otherwise damage the home. All rental properties run the risk of tenant damage, even in high-end communities.
Multi-family construction companies can help you repair the damage that tenants cause in your rental units. A good multi-family construction company can assist you with the repair work you need to do to get the unit back in rentable shape. These types of commercial construction companies have experience with many different types of work that can assist you in a rental unit damage situation.
A multi-family construction company will have experience with a wide variety of projects. You should work with a commercial construction company that has a good reputation and can provide appropriate references. The company should be able to repair drywall, fix or replace stairs and fix leaks from a variety of sources. If there is damage to the exterior of the building, the commercial construction company can help you evaluate the best way to repair the damage in the most cost-effective way.
The multi-family construction company can help you inspect the rental unit so that you are knowledgeable about all the damages. You might not immediately notice problems with heating and cooling systems or water damage unless you are experienced with these types of issues. Your commercial construction company has probably worked on a wide variety of similar projects and can help point out all existing problems and assist you in making a project plan to repair the unit.
Some property owners decide to upgrade the rental unit at the same time that they are doing damage repairs. In these cases, multi-family construction experts are invaluable because of the wide variety of work they can perform. You can upgrade balconies, paint the exterior and interior and fix electrical and plumbing problems while working with a single commercial construction company instead of multiple vendors.
Hail is one of the most damaging types of weather. It can ruin roofing, dent siding, scrape paint and damage gutters. Hail can break and crack windows and damage window framing. Sometimes hail is accompanied by high winds which only compound the damage. One of the most frustrating aspects of hail damage is that it is completely unpredictable. Hail storms don’t arrive on schedule. After the storm, you will probably be scrambling to fix the most serious problems. Then, you’ll need to deal with less pressing types of damage.
Commercial construction companies can help you deal with the repair problems immediately. Multi-family construction companies have experienced responding quickly to emergency situations. A reputable commercial construction company won’t try to exploit the situation and charge you more money because of the urgency of the situation.
There are several common types of hail damage to roofs. Some are more noticeable than others. An experienced commercial construction company can help you identify many of the common issues. They will notice common roofing problem which include missing shingles, leaks and cracked and broken tiles. The commercial construction company may notice further details such as dented asphalt shingles and dents on gutters.
A reputable multi-family construction company is a great resource because the organization can assist you with a wide variety of issues. They can do partial roof repairs or full roof replacement when necessary. The multi-family construction company will be familiar with the common areas of damage to multi-family units. They’ll be able to find leaks that you might notice until the leak has created significant damage.
The advantage of working with a multi-family construction company is that they have expertise in a wide variety of work. They will have a stable staff that you can depend on to show up on time and complete the work carefully and thoroughly. You won’t have to deal with the hassle of multiple contractors yourself. The commercial construction company will appoint a project manager to coordinate all the work that needs to be done. A multi-family construction company will also help you manage the logistics of repairs. You’ll want to the work done in a manner that interferes as little as possible with the comfort of your tenants.