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When Should You Renovate Your Commercial Building?

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?

commercial ross1Even 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 There is nothing less attractive to a renter than an out-of-date building with a laundry list of problems.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 What aspects of newer properties make your building seem out of date?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.