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For the time being, most Ontarians have decided to step back from investing in commercial real estate compared to what we saw in our previously over-heated market.
While large-scale renovations have been the alternative to investing in new commercial real estate in recent years, unfortunately, record-high inflation has also contributed to a drop in commercial real estate sales. It has also made commercial facelifts less feasible as contractors and materials have become harder and less cost-effective to come by.
All that being said, however, the good news is that there are plenty of ways to breathe new life into your commercial space again that won’t require major construction or a business loan.
Consider the following improvements that can elevate your space through small changes that make a big impact.
There’s a reason paint jobs are almost always recommended as part of a reno project or when selling a property. Painting is arguably the most effective – and cost-effective – way to completely revitalize a space.
Painting gives you plenty of style options, from simply brightening up your business location or office to giving it a complete style overhaul. You can even paint your walls in faux finishes that make them look like:
- Fabrics like linen and silk
- Brick, stone or rock
- Concrete or Venetian plaster
To assist you with your efforts, be sure to work with a commercial painting company in Toronto. A job this important needs to be flawless because anything less will ruin your business’s appearance. Having a professional paint job done in your office or retail space will show in the end result and will save you time, stress and money in the end.
Give Your Bathrooms a Facelift
Bathroom remodels are so popular because they consistently rank as one of the best renovation projects for adding value to a home, and the same goes for commercial spaces. After all, the state of your bathroom is one of the first things a customer will notice when they visit your location, whether you operate a business office or a retail store.
Thankfully, there are plenty of budget-friendly options that help you transform the look of a bathroom without plumbing or piping work. Some ideas include:
- Replacing or painting cabinet doors.
- Replacing lighting fixtures and faucets.
- Stripping and reapplying the grout.
Clear up the Clutter
This is often an underlooked improvement, but getting rid of old computers and office equipment that nobody uses and that is taking up space can drastically change how your office looks and feels. This will require a lot of honesty and discipline but is worth the effort.
If you’re getting rid of larger, usable items like office furniture, equipment and appliances, you can donate them to organizations like Habitat for Humanity. They may even come to pick them up from your office and save you the cost and effort of disposing of them yourself.
Now that you’ve created more room in your space, and made it look like new again, you can add shelves and hooks and use movable carts and cabinets or fixtures to help organize the rest of your workspace and give yourself even more room.