If you are a commercial landlord, then you know the importance of tenant improvements. If you are a savvy businessman, then you know the importance of keeping the costs of these improvements in check. Chances are, you’re both. Keeping your tenants happy is not only smart, but also vital to staying in business. This means providing an attractive rental space that is well-maintained and functional.
Prime Construction Services provides cost-effective strategies for tenant improvements in Oklahoma City. Whether it’s for a tenant turnover or just a much-needed update, giving your rental property a facelift is a necessary part of keeping your property in-demand and viable in the marketplace. There is a lot of competition out there with new lease buildings being built all the time. To stay competitive, your lease property needs to offer what renters are looking for and at a price they are willing to pay.
You need your lease properties to stay occupied in order to keep your cap rate intact. Should you decide that you want to sell your lease property, the cap rate is going to be one of the first things a potential investor will look at. More importantly, you want your cap rate to be high because this makes for a smart investment. Nobody invests in a property without aiming for a high rate of return on their money. Prime Construction Services understands how to keep the cost of tenant improvements realistic so that you can keep your lease property attractive and in good condition at a good value to the leasee.
Sometimes, tenant improvement may involve big changes, like altering the layout and knocking down walls to create a more open look, adding windows for an open storefront, or creating a drive-through for customer convenience. Other times, it could just require smaller renovations, like updating the bathroom, repainting the walls, or replacing the flooring. No matter the size of the tenant improvement you need, you want to ensure the biggest impact for your investment.
Prime Construction Services will help you receive the biggest bang for your buck. We will work with you to keep your tenant improvement budget realistic for the scope of the job and the area’s expected rents. Our team will let you know if we think of an improvement is an unnecessary expense that won’t add real value to your investment property. We want to see you succeed, and we want to be the contractors that help you do just that!
Prime Construction Services has decades of experience in working with real estate investors in Oklahoma City on tenant improvement projects. For a free design consultation, contact us today!