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2 affordable renovations for a commercial space

By Greg Bell

As the owner of a commercial property in the Gold Coast, you want your investment to appeal to the widest possible range of potential tenants. Not only will this allow you to avoid any periods of vacancy by ensuring high demand, you'll also be able to secure a higher rent, and therefore a better return on your investment.

One of the best ways to make your commercial property a desirable space for businesses is making a few renovations. In this article, we'll be looking at two options that can add something extra to your slice of Gold Coast real estate without breaking the bank.

1. A fresh coat of paint

As far as renovations go, repainting is often overlooked as something that doesn't add very much to a property. While it's certainly true that you might see a more immediate difference from putting in a new kitchen or bathroom, it's important not to underestimate the power of a shiny new coat of paint. This is particularly true if your property looks worn or outdated, which can be a real barrier to any businesses that need to impress clients by bringing them into their office.

As an added bonus, paint can have a psychological impact on employees, with blue widely believed to enhance productivity while yellow boosts creativity. It's up to you how much stock you put in this sort of 'colour science,' but there's no denying an attractively painted office will stand out from the rest of the commercial property market and stick in potential tenants' minds.

2. New fixtures and fittings

It's also vital not to overlook the importance of small details in your commercial property. The most obvious example of this are your fixtures and fittings, which range from the type of lights that you use  all the way through to door handles.

You don't need to spend a fortune on super high-end products here. Something as simple as replacing rusty door or window hinges with new, robust alternatives will subtly improve the look of your space and reduce the chances of needing to complete repairs further down the road. Lighting is particularly important, and even just supplementing your overheads with a few lamps and other sources of ambient light can go a long way towards creating a unique atmosphere that stands out.

Of course, you'll need the right commercial property before you can start thinking about renovating, and the team at Ray White Commercial Gold Coast can help you find the perfect option.

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