Being a commercial property owner has its fair share of responsibilities. First, you’ll need to ensure that your property stays in top shape. Next, your goal is to increase its value. If you’re thinking about selling in the future, it is best to get as close to a profit as possible. Lastly, it must leave a lasting impression on anyone who sees it.
To cover all these tasks, the simplest solution is to keep the property’s paint job as new as possible. Cosmetic improvements are game-changers for commercial properties. Landscaping, new decor, or a fresh paint job can all improve the aesthetics of any property. In particular, painting the interior and exterior walls of a property instantly improves property value in a cost-effective way.
1. Raises the Return on Investment
If you’re planning to sell the property a few years from now, repainting can increase its value. A newly painted property has a better chance of a higher asking price than a property with faded and chipped paint. A professional paint job does not break the bank, but it can upgrade your property’s value. It can add some curb appeal and make the house more attractive to potential buyers.
2. Attracts a Wider Range of Tenants
A better-looking property attracts a wider range of tenants, including people with deeper pockets and better credit. Having more prospects means you can maintain steady revenue.
Your current tenants will also appreciate a new paint job. To ensure you’re on track, the general rule is to repaint every five years. However, this timeline may depend on the type of property you have. A heavily used and abused space, such as a warehouse may need more frequent repainting than an office space.
3. Increases Foot Traffic
Generally, we gravitate towards anything that looks good on the outside. The same goes for commercial properties. People are attracted to buildings that look nice and clean. After all, looks can represent value. A brand new coat of paint can demonstrate this value better.
Having a beautiful exterior draws more people in and makes them stay longer. Meanwhile, in a retail space, a new paint job drives traffic. It is a great way to induce curiosity in passersby, commuters, and motorists. A well-maintained commercial space can give off a vibrant energy that’s always good for business.
Having paint redone every few years isn’t a requirement. However, it helps maintain your property’s beauty, attracting more people, tenants, and customers. For the best results, you might need professional painters. Luckily, there are many companies that offer painting services at affordable rates.The Brilliant Group is a domestic and commercial services company that offers top-notch professional painting services. We are well-known for our Brilliant Brush Strokes service in Townsville. Other than that, we also offer maintenance touch-ups, commercial painting, and rural and remote painting jobs. Hire us today, and let us take care of your painting needs, one brushstroke at a time.