Commercial properties are an opportunity to start entrepreneurship, since you can use them to start your own business or rent them to other entrepreneurs. If you want to rent your commercial property, keep in mind the type of business that will be carried out in order to provide the appropriate space. For example, a medical office will need a different space than a call center. By defining the use you will give to the space, you will be able to make the appropriate improvements, thus avoiding wasting your investment when remodeling. If you're asking yourself, “What improvements should I prioritize?” We have some suggestions you can consider:

1. Paint and label

A clean, freshly painted facade is important for your commercial property to attract potential customers or prospective tenants. We recommend that you paint the property your brand color or a neutral color. Evaluate which is the correct option to give it a clean and tidy look. You can also put a sign on the property so that it is easily identified.

2. Remodel the bathrooms and kitchen

Remodeling the bathrooms and kitchen of your commercial property gives you a unique opportunity to update equipment and save capital in the long term. In addition to saving money, you positively impact the environment. You can consider motion sensors, automatic dispensers, energy-efficient lighting, and flow limiters for faucets. In the case of a commercial kitchen, a good remodel helps you improve the work to be done and improve efficiency to, in turn, increase the value of the property.

3. Incorporates security devices

We recommend that you install security devices to monitor your property or business and prevent potential crimes, such as theft. Security devices help capture any events that require evidence and are a resource for obtaining information about areas of improvement on your property. This resource offers security for both the owner and the employees who work there. If you install security cameras, most offer real-time capture from your electronic device. Speak to a professional to receive guidance on the benefits of installing security devices in your commercial property, whether security cameras, alarms, video surveillance or exterior lighting, among others.

4. Consider using renewable energy

Solar panels are a good option to save energy, reduce financial expenses and provide stability. For example, if a power outage arises, solar panels help you keep your property operating while others cannot. In addition, you demonstrate to your tenants or your clients your responsibility to the environment.

These are just a few tips that can help remodel your commercial property, although the opportunities are limitless. However, we recommend that you keep your focus on improvements that fit your needs and those of your business. These tips can help you reach the maximum potential value of your commercial property. If you want to learn more about buying or refinancing a commercial property, visit orientalbank.com/en.