Commercial property is a land or building that would generate profit to the owner by rental income or by capital gains. Being an owner, it would be your responsibility to keep your property in good shape. With property value rising every year, the maintenance of it is becoming equally important. Proper maintenance would not only help you protect its value but also cut off unnecessary costs and also increase the revenue you earn from it. Maintaining your property may seem difficult, but you could ease them out by separately addressing smaller issues regularly and serious issues wider apart. So here are a few guidelines you could follow to make this process easier.
1. Exterior maintenance
This is one of the most important aspects in upholding the value of your property. A poorly maintained exterior would not attract customers to your tenant’s business and this could be upsetting for them, which in turn would affect the rental payments. Always make it a point to visit the premises every now and then, and see to the need of repairs. You may need to repaint the building, replace any broken glasses or windows.
1. Interior maintenance
Just like exterior, interior too matters when it comes to the building’s image. Interior maintenance includes cleaning and maintaining the flooring, furniture, fixtures and painting when needed. Activities such as cleaning should be done regularly to keep up a good working environment. Painting and other costly, time consuming activities could be done once a year. Also remember to take up pest control in Dubai to keep up the cleanliness.
2. Utilities and facilities
It is the property owner’s responsibility to maintain the common areas of the building such as elevators, stairways, bathrooms, cafeteria etc. These areas should specifically be clean since every individual will use them. Also, make sure that all electrical equipment such as air conditioners, water heaters is functioning properly. Take up AC repair in Dubai activities whenever needed since it will highly affect the productivity of the people working at the premises.
The security of your property is in your hands. Put up physical controls such as guards, camera systems, security alarms etc. Also make sure that you have necessary fire safeguards in place. Keep all fire extinguishers in working condition and also maintain the fire exits well since the security of the people too is vital. Advice the tenants on how to store any equipment or chemicals that could start up a fire, in a safe manner since preventing a fire rather than putting up safeguards for when a fire erupts is better.
Keeping up the quality of your building will save up your investment for years to come. Investing in properties is a wise idea with ever rising property prices.