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Commercial Improvements can increase its value...
February 26, 2009 - Gary Tasman
Saturday, February 28th (where does the time fly?) my column is about improving commercial property to attract better tenants; get more foot traffic and customers; and eventually (when fully leased and profitable)become a very desirable income property to sell. Here is an excerpt from the column:
"Inner beauty is an important attribute if you're a person. But when it comes to commercial buildings, what's inside may count for very little if people - namely, prospective buyers and tenants - can't get past the exterior. However, like people, commercial properties can appear to be drastically improved and often younger after a well-done makeover.
You'll notice I said "well-done." Slapping a fresh coat of paint on a building won't do much to enhance its value if the property has shabby landscaping, shattered signage and a trash-covered parking lot. However, through renovation, marketing and management, it's possible to restore a property's reputation and value..."
To read the entire article, please get the Saturday edition of The Cape Coral Daily Breeze (if you don't already get it delivered to your door). If for any reason you happen to miss it you can email me on Monday and I will be happy to send you a copy. Please feel free to direct all questions to me at firstname.lastname@example.org and keep on reading my column. I appreciate the opportunity to express my thoughts on commercial real estate to everyone each week.
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