Preparing Commercial Property For Sale
The smell of warm baked cookies may help you sell your house, but not your commercial property.
If you’ve ever sold a house before, you know the importance of preparing the house in the form of staging. Staging can take the focus off of negative aspects. The same principals used in staging a residential property can also be applied to commercial properties; they just have to be thought of in a different manner.
I know what you’re thinking, I’m not selling a house, and I don’t need the next Design Star from HGTV to help me sell or lease my property.
Let’s be honest, unlike buying a home, where there is sentimental emotion when purchasing, chances are, what the building looks like has less effect on the actual purchase / lease decision. However, it can’t hurt to make the property appear in top shape. You don’t want garbage on the property or a poorly kept lawn act as a factor in the final decision.
Just like buying a home, a potential buyer / tenant for commercial real estate doesn’t want to have to worry about minor things such as landscaping or cleaning. They want to the property to be “move-in” or purchase ready.
Here are some low cost suggestions from the CBC organization to help prepare your property for sale / lease. Many of the suggestions will seem like common sense, but you would be surprised at how many of these are often overlooked:
How does the building look to potential buyers / tenants?
Stand back and view your property as if you were seeing it for the first time. What stands out to you? Those same items will stand out to potential purchasers / tenants.
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