You may have spent huge amount of time finding the commercial investment property at a nice location, but you might not be able to get the benefits it can offer if you are not paying attention to the upgrades which can make your property valuable. You may be focusing on flooring, kitchen and mechanicals with a hope to get your property’s value raised. However, these are the necessities everyone works on. You need to think out of the box if you want to add value to your home using the upgrades.
The complaint about lack of space in home, in order to decorate outdoor area, shouldn’t make any sense when there is rooftop area available. Many people overlook rooftops while decorating their homes. Remember, a rooftop has all of the space you may need to arrange an outdoor area where you could spend time with your friends and family. If you are thinking about insulation option for your home, you can arrange a rooftop garden where you can grow vegetables.
Washer and dryer
Laundry is one of the features which make homeowners quite happy. Having that said, you can equip your investment property with a state of the art laundry area which would have all of the features required to make laundry process smoother. A laundry space in your multifamily building makes it appealing as you can display this feature as an additional advantage the tenants can get.
Very few people think about adding gyms in the multifamily buildings. There are many advantages of adding a gym in the investment building. Let’s suppose you are a landlord and you want to earn more while making sure that you are not over-burdening your tenants. Adding gym would bring your more tenants. When they will use this space, they are going to pay extra amount for this usage. You can also make gym fee a part of the rent unless your tenants want to unsubscribe.
You may have Wi-Fi in the apartment building. You can pay a bit more to make sure that it’s fast enough. Fast internet is going to impress people to become your future tenants. Furthermore, you can introduce additional sockets in the building units to make sure that your tenants have the option to use internet in a flexible manner.
Kitchens and bathrooms
Although kitchens and bathrooms are necessities, you can turn them into luxury by adding some design and additional features.