As a landlord, you want to offer your tenants the best experience possible. Keeping your facilities up to date and in good working order is one of the most important responsibilities you have. This way of upkeep actually benefits you as well, because it will attract high-quality renters, and provide them with an incentive to properly care for their units. Providing your building with necessary improvements could actually save you money in the long run. If your building needs a face-lift, and you’re not exactly sure where to start, here are a few easy things you can do to not only improve your building but also increase the value of your property.
Protect your building from the elements
The structural integrity of your building should be one of your biggest concerns. Paying for structural repairs is expensive, time-consuming, and could result in your building being uninhabitable while work is being done. To prevent this situation, consider weatherboard cladding your property. You can choose from a variety of materials and designs to fit your needs. For a more rustic feel, consider engineered composite timber in a shiplap pattern. Or for a more contemporary look, perhaps aluminum is best for your property. Weatherboard cladding will protect the internal structure from wind, rain, sleet, and anything else Mother Nature can throw your way. It also looks great and adds value to your property. Not to mention, depending on which utilities you help pay for, it could save you money. It not only protects but also insulates your building, keeping heating and cooling bills down.
One of the best companies to help you with this project is the Vulcan Cladding Systems. This accredited company treats all of its projects with equal importance from big industries like retail outlets and bridges to residential. If you want a team of true experts working on your property, go with Vulcan Cladding Systems.
Spruce up the outside
Upgrading the outside of your building in other ways is sure to be a hit with your tenants. If you have the room, create a garden space and patio. Build a common place where your renters can get some fresh air. Put plants around the building to boost curbside appeal. If you’re located in a place with a ton of sun, solar panels might be a great addition. One of the best moves landlords have made is installing solar panels in Arizona. Not only do solar panels decrease utility bills, but they also greatly impact the environment by making clean, renewable energy that reduces your carbon footprint and decreases water pollution and greenhouse gas emissions. The tenants of the future will thank you.
Add an exercise room
People pay a lot of money to go to a gym. This can range anywhere from $20-$200! Having a gym in your building could really make the property more attractive to tenants. From gym rats to casual treadmill walkers, the convenience is appealing to almost everyone. There can be no excuses made when your workout can happen in your building just two floors down. The upcoming generation is all about accountability in their physical activity. Help them out and get paid a little extra for this easy addition.
Ditch coin-operated laundry machines
Paying quarters is a thing of the past. By investing in mobile pay laundry machines, you’ll be saving yourself and your tenants a lot of hassle. People are more likely to do their laundry more often if they’re not worried about running out of quarters. Since there’s no cash in your laundry room, this reduces the risk of break-ins on your property. Also, you’ll be saving money in the long run, because you won’t have to call maintenance to fix coin jams and overfills. This one will benefit everyone.