Tag Archives: Multifamily housing paint

Rehabilitating a Neglected Building

Rehabilitation projects can go on for an extended period of time. To simplify the process, you should work with a commercial construction company that can address multiple issues. Find a partner that has experience with roofing, HVAC, siding, welding, stair building, painting and carpentry. This will make life easier for you because you won’t have to juggle multiple contractors.

neglected-propertyIf the building has been neglected over a long period of time, you should have your commercial construction company evaluate the structure for any storm damage. If repairs aren’t made after damage, they can lead to serious problems. The roofing may be seriously compromised. Bad roofing may not immediately lead to leaks but may suddenly result in drastic problems. Damaged siding will make the building look neglected and can seriously affect energy efficiency. All units should be evaluated for issues like broken plumbing, compromised heating and cooling systems, damaged flooring and leaks. A commercial construction company can also evaluate the units for problems that may be less obvious such as water damage, mold, fire damage and shoddy repairs.

The surrounding parts of the property may need upgrades. Fencing is often neglected by irresponsible property owners. If the property has a clubhouse, it could be out of date and shabby. Clubhouse upgrades can make a significant difference in terms of attracting desirable tenants. Commercial construction companies can help prioritize these repairs and assist you in developing a long-term plan for renovation.

In some cases, your renovations may be eligible for state funding programs or reduced interest loans. Some rehabilitation projects can lead to tax deductions and significant cost savings down the road, especially energy-efficiency upgrades. Commercial construction projects, if performed correctly, can actually save you money in the long run. Commercial construction upgrades will also help you attract desirable and stable tenants. These types of tenants usually won’t consider a neglected property no matter how low the rent is.

When you are rehabilitating a neglected property, consider hiring an exterminator to make a full evaluation of the property. If the property isn’t properly attended to, rodent problems often develop. Cockroach and water bug infestations are also common. You should ask the exterminator to check thoroughly for bedbugs which are a common concern for tenants. The exterminator can correct problems that will seriously upset tenants.

Choosing Exterior Paint

015Exterior paints and stains are not only an aesthetic quality that helps lease an apartment community, but also protects against the elements.  The type and quality of paint used, the quality of preparation, and the quality of application will determine to what extent your community is protected.  When choosing your exterior paint type, keep in mind the following:

*Resistance to mold and mildew.  Your building’s exterior will be subject to all types of condensation, moisture, and elements.  Choosing a product that that will resist mold and mildew will help protect your property from damage.

*Ease of Application.  The ease in which your paint is applied will determine how many coats are needed and how much you will spend per building.  Exterior painting is calculated based on how many gallons will be needed per door and a higher quality paint may be more expensive but may also yield more coverage.

 *Fade resistant colors.  Make sure you choose an exterior paint color that will not suffer through weather and time by fading.  Dark colors, like red, may fade to pink and blacks to greys.  Choosing the right color will allow for longer times in between exterior paints.

In addition to protective value, a new paint scheme will help increase leasing and resident retention for your property.  Nothing livens up a property like a fresh coat of paint!  When choosing paint colors factor in existing landscaping in your color palette.  If you have vibrant, bright colored flowers or a natural setting of green, choose colors that will complement them.  Consider your neighborhood and the lifestyle you are presenting to your residents.  A bright, funky colored building may appeal to a 011younger demographic, whereas a traditional color scheme an older demographic.  Your roof, chimney, and parking lot are all areas that will not be painted but should play a role in your color choices.  For exteriors that are partial stone, choose a color that will enhance this feature and create harmony.  For a terra cotta, choose a more neutral color for the siding to offset the vibrancy of the roof.

Many factors should be taken into consideration while choosing your paint type and color scheme.  Testing multiple colors, using a reliable contractor, and a proven product will ensure the sustainability of your community’s exterior paint.