Pacific Property Solutions on Increasing Property Value

(Newswire.net — September 7, 2017) San Diego, California — Comparative data and online valuations may claim to be the authoritative parties in suggesting the market value of commercial property investments. While they take into account significant indicators to assign property market values, they are not deemed more reliable than the ultimate measure: the property’s worth to paying tenants.

Pacific Property Solutions, a company that specializes in property redevelopment in San Diego, California, explains that landlords can explore various ways to increase the value of their commercial property. Basic economics principles dictate that with increased demand from the purchasing party—in this case, the tenants—the commercial real estate property is inclined to grow its value.

In the real estate industry, a commercial property that constantly pleases the tenant stands out as a high-value property. To this end, ensuring that the property consistently meets the needs of tenants should be a landlord’s ultimate goal. It is an actionable business decision that can increase demand and market value.

As experts in fix and flip real estate solutions, Pacific Property Solutions suggests that no landlord can go wrong with presenting tenants with a set of “amenities.” Installing sub-metered utilities in the commercial property is one such trick, according to the San Diego-based company. Sub-metering ensures that tenants’ utility usage or consumption is properly and individually billed. Particularly for multiple units, sub-meters give a commercial real estate property an edge over the tenants’ other options.

Putting energy-efficient utilities in place also increases commercial real estate value. The use of LED bulbs, for example, is a simple idea that not only lowers maintenance costs but also reduces carbon footprint. Now more than ever, tenants are inclined toward eco-friendly facilities. Considering this awareness and the ever-growing clamor for environmental consciousness, opting for energy efficiency measures is deemed wise for commercial property businesses.

Equally important for commercial property tenants is convenient access to a spacious parking space. This amenity may seem trivial, but the lack of a parking spot that accommodates tenants and their visitors can hurt a real estate investment and decidedly reduce its market value.

Pacific Property Solutions encourages commercial property owners or landlords to listen to what their tenants need and consider turning them into amenities. With such improvements combined, coupled with a property owner’s self-imposed mandate to patiently and consistently look out for what tenants need, demand for the commercial real estate property can be expected to go up and in turn, raise its market value.