Feel like you’re spending a fortune just trying to keep your building up and running? Wondering if your lobby is giving people the wrong impression? It might be time to consider some updates to your building. You can make a big impact with some simple (and affordable!) updates, while other areas might need a larger investment that requires careful budgeting. Here are some ideas to get you started on what upgrades will make the biggest difference to your business.
Cut Back on Utilities
Regardless of its size, one of the largest expenses to any company is energy costs. Making improvements that can save energy may offer a positive return on investment and return lost energy dollars to your bottom line. Even the simplest actions taken now can save you money on your next electricity, gas or water bill. And by simple, we mean things like replacing your light bulbs with energy efficient compact florescent (CFL) or light emitting diode (LED) bulbs.
You can take things a step further by installing motion detectors in offices, hallways, bathrooms and storage rooms. That way, the lights are only coming on when they’re needed and can turn off automatically when not in use. This also might be a good time to consider replacing older equipment with EnergyStar compliant computers, printers, etc.
And speaking of technological equipment, remind staff members to turn off computer monitors and unplug chargers when not in use. Computers, copiers and printers should also be put into energy save mode or sleep mode to further save energy in your office building.
If you want to save on your water bill, install an energy efficient or instant hot water heater, and replace dated plumbing fixtures with low-flow faucets and water saving toilets and urinals.
Renovate the Lobby
First impressions are crucial. A neat, clean lobby that is tastefully done will give customers and clients a positive impression. So if you’re front entrance is looking a little worse for wear, it’s a good idea to invest in some renovations. You needn’t spend a fortune, though, because a refresh can be as simple as giving the room a fresh coat of paint or adding decorative accents and artwork that reflect the purpose of your business.
If you have a little more money to spend, perhaps you could update the furniture to reflect a more modern aesthetic. Incorporate some interesting lighting solutions, like pendant lights, above the reception desk or a vintage chandelier at the center of the room. Just make sure any additions you make the lobby reflect the overall brand of your business.
Find the Right Office for Your Business
At Alterra Real Estate Advisors, it’s our job to help you find the best commercial real estate property for your business. Contact us today to learn more about how we can help you or to check out our featured properties.