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iStock 1237546531 845x321 1

3 Expert Ways to Increase the Value of a Commercial Property

January 16, 2025/in Commercial/by News Desk

There was a time when real estate investments were considered the safest. They also had rich and reliable returns. But cut to 2025, and maintaining properties has become extra challenging and expensive. 

If you own a commercial space like an office or a warehouse, you understand the pressures of keeping it updated. Maintaining the value of a property is essential for anyone who wants to keep the option of a future sale open. 

Buyers have become more careful in the backdrop of climate change and its havoc on buildings through flood and earthquake damage. US states like Washington face extreme weather fluctuations, from frosty winters to heat waves in summer. In fact, the Department of Health has started a public dashboard to monitor weather-related incidents across Washington so that people can remain safe and healthy. 

In these circumstances, it is best to rope in expert help to safeguard your property and maintain its reputation in the market.

#1 Get a Professional Paint Job Using Expert Techniques

Painting is the most obvious answer to making your property look better. However, choosing the appropriate expert who understands your establishment’s needs is crucial. 

For example, commercial painters in Washington must understand the state’s unique weather patterns. They must choose paints that withstand heat waves and biting cold without needing another expensive coat within a year.

In 2021, the World Economic Forum reported that a special ultra-white paint can help mitigate climate change. These paints contain a chemical called barium sulfate, which makes them highly reflective. Experts can help you find suitable choices to keep your property comfortable year-round.

Another imperative is the technique for the materials present in the property. For example, professionals understand how to paint over aluminum, vinyl, and wood. EA Pro Painters notes that optimal painting techniques can offer longer resistance to cracking and blistering. The paint job will also likely last longer without fading.

#2 Upgrade to Energy-Efficient Lighting and Sustainable Power

The pandemic exposed many stark realities of our world. Global supply chains have been affected, and perishable resources are declining. Commercial properties can benefit immensely by switching to sustainable options for lighting and other power uses.

You can start by upgrading the light fixtures, which is quick and impactful. LED products are superior to traditional CFL lighting in their eco-friendliness. Some reports find that they consume 90% less electricity than incandescent lighting. Moreover, they emit less heat and don’t expose people to UV radiation.

However, expert assistance will be essential to select well-designed lights that fit your space and illumination needs. Greener Ideal finds that some low-quality LEDs can emit glare and excessive blue light. They can change your body’s circadian rhythm, affecting sleep patterns.

You can also set up solar paneling on the property to harness sustainable power. It will lower your environmental impact and cut the electricity bill – a tempting bonus! Forbes enlists more elaborate changes like ground-source heat pumps and newer windows for better thermals. They can constitute your long-term vision for a greener building.  

#3 Widen Financing Options for Property Upgrades

Upgrading a commercial property can be cumbersome and costly. It puts many owners off the idea of making changes – a decision that can worsen existing problems. Consulting with a real estate financing expert can help you access more options to fund necessary changes in time.

A Brookings Institution report highlights that traditional banks are still the preferred option for seeking financing for property upgrades. You can reach out to regional or global investment banks. However, do not overlook insurance companies and real estate investment trusts. While larger corporations can access capital easily, you should be able to find local programs in your region for smaller properties.

Recently, the World Bank emphasized the Property-Linked Finance, or PLF model, as another option for building owners to finance improvements.  A public-private partnership model, PLF focuses on deep retrofits for sustainability, like efficient boilers and roof replacement. It can also cover facade edits and HVAC upgrades.

Market watchers expect the New Year to spread optimism in real estate. Deloitte’s recent report is confident that 2025 will usher in recovery after two years of dampened revenues and low spending. 

However, it asserts that upskilling for AI readiness and proactive leadership will be crucial to making the most of this situation. It asks property owners to remain vigilant, interested, and flexible in upgrading their establishments as required.

It may be best to assess what your property lacks and plan accordingly to enhance its valuation. Keeping the estate in order is preferable, even if you are not considering selling it. A modern, appealing commercial facility is bound to make its employees and workers happier.

 

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