Improving Your Commercial Real Estate
♫ Saturday, April 24th, 2010As an owner of Houston Commercial Real Estate, you are always looking for ways to increase the value of the property so that it will appraise higher. If you rent out apartments in a multi-unit type of property, the best way to impress an appraiser is to enhance the amenities of daily life for potential tenants. Here’s how to do that.
First of all, if you have extra space on the property, consider pleasing potential new tenants of your Houston Commercial Real Estate by adding a storage facility. You can actually rent this out separately, make extra income and it also will attract new renters in addition to making your existing residents happy. You’d be surprised what a difference this can make in increasing the value of your Houston Commercial Real Estate.
Another thing you can do to entice potential renters is to add cable internet service or wi-fi internet as part of their rent. If you don’t want to offer this as an inclusion with rent, simply charge them a little extra. What’s great is that you can, for example, get one high speed internet connection for a large community of Houston Commercial Real Estate and distribute the service to multiple residents using wireless routers and repeaters.
This allows you to inexpensively share a wi-fi hot-spot and, again, make your Houston Commercial Real Estate much more valuable.
One benefit that many potential tenants will be looking for is going to be that of a safe, secure community. This can increase the value of your Houston Commercial Real Estate more than you realize. You may not be able to change the crime rate statistics of the city where your property is located geographically, but you can create a safe bubble for your residents. Simply set up fencing and gates. There are automated gates with ID cards to give residents that will automatically open the gate for the resident. This definitely decreases criminal activity on your Houston
Commercial Real Estate property and gives your tenants peace of mind, which is, of course, priceless.Beautify the property grounds and keep it well-maintained, and it definitely gives the impression that this is a classy community. Start with a professional, welcoming sign at the front of your Houston Commercial Real Estate property. Be sure to plant grass and flowers to give an earthy, non-clinical first impression at the front gate. You may be running a business, but it’s not necessary to make that fact the focal point. You want potential residents (and current ones) to have an at-home feeling. Also plant flowers and bushes and keep them well-groomed, throughout your Houston Commercial Real Estate community.
Remember to keep things updated. Nothing turns a potential resident off more than, for example, an apartment with an interior that looks like it was made in the 1970s (especially if it WAS in fact originally built back then!). Lay down modern carpet; paint the walls in neutral colors; and make sure faucets and other accessories look up-to-date and in good repair.
Many landlords of Houston Commercial Real Estate do not take into account how crucial the attitude of the management can be. Tenants need to feel safe and respected when they visit the front office of your community. If the grounds are not being managed by you or a family member whose disposition you are very familiar with, send secret shoppers in to test how residents are treated. The manager should be polite and friendly at all times, even if a problem arises (like late rent). Issues can be resolved without talking to a resident like he or she is a dog. Most negative attitudes are only a reaction to someone else’s initial negative attitude, so be sure to set a decidedly positive tone for management.
