Get The Biggest Bang For Your Buck: How Capital Improvements Increase Commercial Real Estate Value
Add Value to Your Commercial Property with Smart Capital Investments
Opening your own business is an exciting step in your career. There are so many things business owners have to think about that sometimes property improvements can be placed on the backburner. Without the occasional upgrade, your business can suffer, especially when your competitors are regularly making capital improvements to their properties. By completing capital improvements at our retail stores, offices, and restaurants, Lindner Properties provides attractive and distinguished properties for business owners in mid-Missouri.
What are Capital Improvements and How Do They Help Business Owners in Columbia, Mo?
When running your own business, you can expect to deal with a few repairs now and then. You might need to fill in a pothole in your parking lot or replace a leaky faucet. However, you might not be considering the costs of improvements that do more than just fix a small problem. A
capital improvement is an addition or change made to a property that enhances the value of the property. Outside of a general or cosmetic enhancement, these changes can also prolong the useful life of the property or even change the intention of the property. Upgrading a retail space to a cafe is an excellent example of a capital improvement.
Examples of Capital Improvements
Installing a New Roof: When the roof on your commercial property has aged beyond reasonable repair, it is time to invest in a new roof. This addition has the power to enhance the value, efficiency, and appearance of your property. To truly add value, we recommend installing shingles, insulation, and ventilation that will make the new roof more efficient than its predecessor.
Building an Addition: If your restaurant has experienced growth over several years and you find that you almost always have a line of customers waiting out the door, it might be time to expand. Building on additional space to your dining room and upgrading your kitchen adds value to your thriving restaurant thanks to the expanded square footage and more efficient appliances.
Replacing the Plumbing: Older buildings can have notoriously questionable plumbing that can put your property at risk for flooding or hidden leaks. Upgrading your building’s plumbing is a great way to save on insurance costs down the line and to install high-efficiency features that will also save you money on your utilities.
These three examples show how investing in your property can increase its value and save you from strife down the road. If you’d like to know more about how Lindner Properties maintains and upgrades its commercial real estate locations, please ask about our commercial property management services.
Examples of Commercial Property Repairs
General repairs to a property do not improve or expand the use of the space. Instead, commercial property repairs maintain the current operating level of the business. Repairs can be small or large, so long as they are not considered improvements. These differences are very important, especially when filing taxes.
Common Commercial Property Repairs
- Replacing a cracked window
- Performing HVAC maintenance
- Repairing a broken wall fixture
- Replacing machinery parts
Lindner Properties Increases Commercial Property Value in Columbia, Mo
At Lindner Properties, we are committed to leasing mid-Missouri commercial real estate that is distinguished, functional, and appeals to the discerning business owner. When you lease with Lindner, you can trust that your commercial property will be well taken care of through regular maintenance and value-increasing capital improvements. If you are interested in opening a new business or you are a current business owner who wants to change locations, contact Lindner Properties. Our experienced team is driven to help your business grow and succeed.
