As an investor, you shouldn’t confine yourself to the world of residential investment properties. You can make even more money if you branch out and rent out commercial properties too. These could be offices or shops. But before you go ahead and rent out a commercial property, there are some things that will need to be added.
Fully Functioning Wiring
If the office or business premises is not wired properly, then it will be useless. On top of that, it will also be dangerous. So, if you have any concerns about the electrical wiring in the building, contact someone who can assess things. You have a duty to make the property safe before renting it out, so you can’t afford to ignore this. Sites like TopElectricians.com can help you out if you want to hire the best electrician to take care of your task. This should be the first thing that you pay attention to.
Plumbing and Bathroom Facilities
Bathroom facilities will be essential. This is one of the minimum requirements that will be expected when you rent out a commercial property. If your investment property hasn’t been used for a long time, the plumbing might not be fully adequate for the needs of a functional premises. So, ensure that you ask a professional plumber to inspect the situation and see what needs to be fixed or changed. You should also install the kind of bathroom facilities that will be suitable for customers if the commercial property is a shop. You should buy things like hand dryers and baby changing facilities. You can get the latter from sites like BabyChangingStation.com.
Basic Office Furniture
You don’t need to add things like computers or other forms of hardware to the office. The client that eventually rents out the property will bring this kind of equipment with them when they move in. But they probably will expect some basic office furniture in place. Each renter will be different, so you should be flexible about it. It’s always best to have desks and chairs in place in case they don’t have their own. But if they do have their own furniture that they want to bring with them, offer them the chance to have the old items removed. You can then use this furniture in another commercial property in the future if you want to.
Appropriate Light Fixtures
No matter what the commercial property is going to be used for on a day to day basis, it’s going to require adequate lighting. If you don’t have this in place, you are going to face big problems. You can’t afford to let this issue go unaddressed. Many renters will not want to choose a commercial property that doesn’t have these basic but important things in place. So, think about how the office or store can be given the light it needs. Choose the options that are as flexible as possible. You don’t know what the renter will want, but you can offer a lighting arrangement that is likely to be suitable.