We know – times are tough right now. The economy is stagnant, the Coronavirus continues to disrupt the markets, and property owners may not have a lot of excess cash to spend. But that’s not an excuse to let your commercial property maintenance fall by the wayside!
Maintenance is an absolutely critical aspect of owning a property, and it cannot be allowed to lapse. Despite the costs, you could end up costing yourself far more if you allow your property to become too run-down.
Why Commercial Property Maintenance Is Vital to A Successful Property
- Maintain your property values
You probably aren’t going to own that piece of property forever – and when the time comes to sell, you’ll want top dollar. Allowing maintenance issues to pile up will steadily decrease that value, and the more maintenance is overlooked, the worse the situation will get. Sure, you could get a renovation prior to selling, but that would be far more expensive than keeping up with maintenance issues promptly.
- Prevent lawsuits
Some maintenance truly isn’t optional, if you want to stay within local (or Federal) regulations. If your property degrades to the point that the wiring doesn’t meet code, or storage facilities aren’t up to EPA standards, you could be looking at lawsuits and/or ruinous fines as a result. Not to mention potential liability issues if a tenant or customer were to be hurt!
- Attract tenants – and customers!
The correlation between the attractiveness of a property, and the types of people it attracts, is easy to understand. Nice, well-maintained properties will attract a better class of tenant, as well as the people doing business with that tenant. Allowing maintenance to lapse could easily drive away good businesses and make the location unattractive to the sort of businesses you want to see in your property.
- Reduce the possibility of crime
Poorly maintained properties drive away good customers… and invite a bad element. Cracked walls and pavements, graffiti, and other maintenance problems are a magnet for criminals looking for a relatively safe property to target. Keeping up your property will make it much less attractive to the people you don’t want to be there.
Contact Genesis Construction Today
If you have a commercial property that is starting to look run-down, don’t let things get worse. Genesis Construction has extensive experience in commercial property maintenance and renovation. Contact us to make your property look new again.
