What are some tips for preparing my commercial property to be market-ready to potential buyers or tenants?
Successful brokers, sellers and landlords are committed to ensuring that their commercial property is ready for marketing and appealing to future buyers or tenants before it goes on the market.
Depending on the financial status of the commercial investment and type of space available, the owner/landlord should consider:
- Removing personal and/or business-related furniture & fixtures to reduce clutter. This allows the buyer/tenant to envision their own use and design of the space.
- Presenting the interior with clean surfaces. Wipe down kitchen areas, restrooms and windows.
- Flooring should be swept/vacuumed, removing or replacing damaged tile or stained carpeting.
- Repairing any holes in the walls and apply a primer coat of paint.
- Replacing damaged or stained ceiling tiles.
- Maintaining adequate landscaping by mowing, weeding, and trimming of bushes.
- Ensuring the exterior of the structure presents itself in a clean, favorable light.
- Fixing any broken windows or glass.
- Sealing the parking lot if it appears worn or stained and/or painting faded lines to improve the appearance.
- Addressing any deferred maintenance within or outside the building.
- Ensuring the roof is in satisfactory condition. If it is not, this may be one of those items worth putting a few dollars toward.
Simple action items can bring your property the appealing detail and presentation that it takes to attract buyers/tenants in a competitive market without breaking the bank on expensive details.