Wednesday, August 15, 2007

ROI and Real Estate Value Addition

When you are building commercial property, you need to ensure that the returns from the investment are as high as possible. It is in this direction that the builder tries to add features that will add greater value and hence enhance the chances of making more from the deal or new construction. A commercial property consists of both immovable assets like the building itself and movable assets in the from of various fixtures and fitting that have a vital role to play as far as value addition goes. Even a small bit of renovation or and spending more finances will raise the value of the property and it's marketability.

Top of your construction: A prospective buyer or tenant would like to have a well made ceiling and that should be as presentable as possible so that once a person sitting inside looks up at it, he gets a feeling of happiness both visually and satisfaction. There are a number of options in the aspect of sprucing up the building and perhaps one of the best and more attractive that are present in buildings of the developed world is to have new ceiling by suspension. Another option is a coffered ceiling look with units hanging from the ceiling wit lighting fixtures provided for maximum benefit at low energy cost.

Other important aspects are taps, sinks, and other devices that are connected with plumbing work, ensure that the quality of such fixtures are good and do not create a sense of irritation down the line. And by doing such things that please the eye and ad to the overall aesthetic value of the building, you can be sure that any evaluator will give more point on account of these changes. Side by side is the connection it would be pertinent to mention that the better the quality of paint, the more elegant the building looks. The quality of paint should used and any property and also ensure that no one will turn the back on this aspect. Paint should be applied with discretion and use only appealing colors.

Furniture appeals and gives more comfort. It may directly affect the property value, but can surely help provide customer comfort and increase the flow of cash. You should be aware of the fact that value of a commercial property depends on the income it generates, which is used for mortgage calculation, rent, taxes and extending the property as collateral for loans.

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