The appearance of your building matters when it comes to economic value, especially if
your facility houses tenants. Whether you manage an office building, factory, retail
complex or multi-family housing, you should consider these four key benefits of
repainting.
Demonstration of Good Building Management
What renter wouldn’t hope for easy relations with the property management? When a
commercial complex appears chipper and bright, prospective tenants may feel greater
confidence that the building receives appropriate attention. A clean facility tends to
indicate that those in charge stay on top of maintenance and that future requests for
standard repairs will probably not be necessary, one excellent reason to locate within
your property.
More New Tenants and Lease Renewals
Business lessees may feel that a battered-looking building sends the wrong message to
their clients. Residential tenants may feel more comfortable in housing that appears
well-maintained. Because fresh paint and superficial repairs enhance the atmosphere of
the facility, they represent a cost-effective effort to maintain respectability and security.
A safe, clean environment will likely encourage lease renewals and new tenant
occupancy.
Customer Attraction
Your retail tenants depend on a healthy flow of customers to survive. But an aging
exterior may discourage customers who have other options. Sprucing up the curb
appeal, on the other hand, invites client retention and growth. With a steady influx of
patrons, the healthier the businesses should be, offering a greater chance of improved
building revenue.
Property Protection
In addition to aesthetics, paint also serves to protect the building, particularly the wood
components, against the weather. It offers a sacrificial layer between the sun, rain,
snow and wind. Weather and intense UV rays erode building exteriors quickly. Paint
helps prevent the elements from penetrating your building exterior and could help it last
much longer and potentially forestall deeper repairs
