Owning commercial property can be a lucrative experience, especially when your property is maintained on a regular basis and kept in good condition. One of the most important things in keeping a commercial property in good condition is your tenants. If you rent the property it is vital to have an open relationship with them, as it is the key to knowing when there is a potential problem with the property. It is always better to fix a problem as soon as it occurs than to wait and risk more damage and higher repair costs. Commercial properties can take a beating, but there are a number of ways that you can keep it looking its best. The following 7 tips will help you keep your property well maintained and looking good.
One of the most beneficial things you can do to keep your commercial property looking at its best, is with routine cleanings. If you rent the property out, it is important to thoroughly clean the property after each tenant and if you lease the building as an office space or other business, the property should have detailed cleaning about every three months. Tile should be scrubbed and waxed at least once each month and the carpet should be steamed about every three months, depending on the amount of traffic. Hygiene is vital to property maintenance, so kitchens and bathrooms must be scrubbed from top to bottom routinely and deodorized as often as necessary.
Both the interior and exterior paint should be inspected and touched up routinely. It is best to use a neutral palette throughout the property, as this will not only make it appear larger, but it is easier to touch up if needed. When tenants move out the entire interior should be repainted and any nail holes repaired. Painting the exterior of the building should be done about every 5-7 years to avoid peeling paint and unsightly walls. When painting the exterior, remember to paint the window frames, shutters and gutters/drain pipes as well.
Having bright lighting both on the interior and exterior of the property provides security, makes the property look trendy and cleaner as well as provides a welcoming atmosphere. Routinely check all of the light fixtures for damages such as broken globe covers or faulty wiring and make repairs as soon as possible. If light fixtures are outdated, they are inexpensive to update and will increase the aesthetic appeal of the property.
The electrical wiring in your commercial building must be maintained and inspected on a regular basis, not only to keep the property looking its best, but to avoid fire damage. If you are not experienced with electrical wiring, hire a contractor to do an inspection at the minimum of once each year. If you have tenants that move and may have damaged the wiring, it should be repaired immediately. Make sure there are no extension cords that are visual on the exterior of the property and avoid the use of extension cords on the interior. Check the outlet covers on a regular basis and replace them when chipped, broken or missing. Make sure that all of the outlets are in good working condition and check the fuse box to make sure all fuses are working correctly and there are not shorts.
Outside of the electrical wiring, the plumbing is one of the most important aspects of maintaining your commercial property. Stopped up drains, toilets and bathtubs can cause several thousand dollars’ worth of damage to your property, so check them often and repair immediately. If the structure has a basement, make sure there are no leaky pipes that could damage the foundation and/or cause flooding. Have the hot water heater and HVAC unit inspected at least every three months to ensure they are working correctly. If equipment is outdated, damaged or not in top working order, replace them with energy efficient items.
Old linoleum and torn carpet are not only hazards, but they can instantly decrease the value of your property as well as make the building look old and run down. If there are damaged tiles, replace them or install a new, easy to maintain floor. Carpets should be steam cleaned routinely to prevent a buildup of dirt and debris, which can cause the carpets to wear quicker. If there are stains you cannot remove, replace the carpet. It is much better to spend extra money replacing the carpet than to lose thousands due to having a property that looks dirty, which makes it difficult to rent. Opt for flooring that is easy to maintain, easy to replace, easy to install and makes the property look clean and fresh.
One of the first things people notice about your commercial property is the exterior. If you do not have the time required to devote to the landscaping and general upkeep, hire a local landscaping company to help you. The grass should be mowed and weeds removed on a weekly basis. Planting colorful flowers and shrubbery will enhance the look of the building and make it feel welcoming. Trash in the yard, parking lot and at the entrance should be cleaned up daily and store trash cans or dumpsters out of view when possible. Trim the shrubs at least once each month in the spring and about every three months in the summer and fall. If the property is in a climate that experiences snow, make sure it is shoveled when necessary, this not only helps to improve the look of the building, but it is a safety feature as well.
With a bit of dedication, hiring a facility maintenance crew and routine inspections, your commercial property can always be at its best. It is important to do inspections at least once each month and always repair any damages as soon as they occur.