--- title: How to Increase Commercial and Residential Property Value description: Despite the uncertainty of the real estate market, there are certain steps that can increase property value in commercial or residential real estate. image: https://blog.sdnyrealty.com/hubfs/ThinkstockPhotos-126864063.jpg --- - [Pay Rent](https://sdnyrealty.com/pay-rent/) - [Forms](https://sdnyrealty.com/forms/) -   [![S&D Commercial Real Estate Agency](https://blog.sdnyrealty.com/hs-fs/hubfs/S__D_Real_Estate_January2019/images/sd-original-logo_300px.png?width=300&height=194&name=sd-original-logo_300px.png "S&D Commercial Real Estate Agency")](https://sdnyrealty.com/) - [About](https://sdnyrealty.com/long-island-commercial-real-estate-firm/) - [Agents](https://sdnyrealty.com/long-island-real-estate-agents/) - [Listings](https://sdnyrealty.com/property-listings/) - [Property Management](https://sdnyrealty.com/property-management-company/) - [Resources](https://sdnyrealty.com/real-estate-resources/) - [Neighborhood Guide](https://sdnyrealty.com/neighborhood-guide/) - [Long Island](https://sdnyrealty.com/long-island-commercial-real-estate/) - [Nassau County](https://sdnyrealty.com/nassau-county-commercial-real-estate/) - [Bethpage](https://sdnyrealty.com/bethpage-commercial-real-estate/) - [Farmingdale](https://sdnyrealty.com/farmingdale-commercial-real-estate/) - [Franklin Square](https://sdnyrealty.com/franklin-square-commercial-real-estate/) - [Garden City](https://sdnyrealty.com/garden-city-commercial-real-estate/) - [Glen Cove](https://sdnyrealty.com/glen-cove-commercial-real-estate/) - [Hempstead](https://sdnyrealty.com/hempstead-commercial-real-estate/) - [Hicksville](https://sdnyrealty.com/hicksville-commercial-real-estate/) - [Long Beach](https://sdnyrealty.com/long-beach-commercial-real-estate/) - [Mineola](https://sdnyrealty.com/mineola-commercial-real-estate/) - [Rockville Centre](https://sdnyrealty.com/rockville-centre-commercial-real-estate/) - [Suffolk County](https://sdnyrealty.com/suffolk-county-commercial-real-estate/) - [Babylon](https://sdnyrealty.com/suffolk-county-commercial-real-estate/babylon-commercial-real-estate/) - [Brookhaven](https://sdnyrealty.com/brookhaven-commercial-real-estate/) - [Hauppauge](https://sdnyrealty.com/hauppauge-commercial-real-estate/) - [Huntington](https://sdnyrealty.com/huntington-commercial-real-estate/) - [Islip](https://sdnyrealty.com/islip-commercial-real-estate/) - [Melville](https://sdnyrealty.com/melville-commercial-real-estate/) - [Riverhead](https://sdnyrealty.com/riverhead-commercial-real-estate/) - [Smithtown](https://sdnyrealty.com/smithtown-commercial-real-estate/) - [Southampton](https://sdnyrealty.com/southampton-commercial-real-estate/) - [Consulting Services](https://sdnyrealty.com/consulting-services/) - [Property Appraisal Services](https://sdnyrealty.com/property-appraisal/) - [Zoning Regulations](https://sdnyrealty.com/zoning-regulations/) - [Forms](https://sdnyrealty.com/forms/) - [Veterans & Military Housing](https://sdnyrealty.com/veterans-military-housing/) - [Join our Program](https://sdnyrealty.com/veterans-military-housing/#apply-now) - [Forms & Applications](https://sdnyrealty.com/forms/) - [Pay Rent](https://sdnyrealty.com/pay-rent/) - [Blog](https://blog.sdnyrealty.com/blog) - [Contact](https://sdnyrealty.com/contact/) # How to Increase Commercial and Residential Property Value - January 14, 2016 - [residential real estate](https://blog.sdnyrealty.com/blog/topic/residential-real-estate), [commercial property](https://blog.sdnyrealty.com/blog/topic/commercial-property), [property value](https://blog.sdnyrealty.com/blog/topic/property-value) - 0 ![How to Increase Commercial and Residential Property Value](https://blog.sdnyrealty.com/hubfs/ThinkstockPhotos-126864063.jpg) Despite the uncertainty of the real estate market, there are simple, proven steps anyone can take to increase the property value of either [commercial](http://sdnyrealty.com/property-category/comm-properties/) or [residential real estate](http://sdnyrealty.com/property-category/residential-properties/). ## How to Increase Commercial Property Value ### 1.      Capital Improvement Investing resources in capital improvements is a sure-fire way to increase your property’s value. Whether you choose a cosmetic fix or structural changes, these types of improvements are usually worth your while. ![property value](https://blog.sdnyrealty.com/hs-fs/hubfs/ThinkstockPhotos-518467303.jpg?width=173&name=ThinkstockPhotos-518467303.jpg "property value") #### Possible Cosmetic Fixes - Painting - New wallpaper - Landscaping - Carpeting #### Possible Structural Changes - Structural façade - Upgrading the lobby - Remodeling the units ### 2.      Raise the Rent One strategy for increasing the value of your commercial property is to raise your tenants’ rent. Since vacancy rates are decreasing, your property may be overdue for a rent increase. Before deciding to make a change, you can check to see if your building is charging market rent for your area at [Rent-O-Meter](https://www.rentometer.com/) or [HUD.gov](https://www.huduser.gov/portal/datasets/fmr.html). If there have been recent capital improvements to the building, these upgrades could be used to justify raising rent. ### 3.      Increase Occupancy Another strategy for increasing commercial property value is to expand your building’s rentable square footage. While we don’t suggest renting every available inch of square footage, there may be unfurnished areas of your building that could be developed for a different use. Reimagining these spaces could add value to your commercial building. ### 4.      Develop Additional Income Sources The property value of commercial buildings are also influenced by the revenue streams they produce. Since building amenities are appealing to those who lease space, adding them to your list of offerings attracts more interest in the property. Charging for popular amenities, such as parking spaces, WiFi services and storage space, can increase property value by raising the building’s revenue. ### 5.      Lower expenses Without cutting corners, there are many ways to lower the expenses of a commercial building. If you switch to more efficient lightbulbs across the whole building, savings can add up quick. Or, you can avoid picking up the entire heating bill for your building by individually metering all units. ## How to Increase Residential Property Value ![property value](https://blog.sdnyrealty.com/hs-fs/hubfs/ThinkstockPhotos-503520922.jpg?width=600&name=ThinkstockPhotos-503520922.jpg "property value") ### 1.      Increase Open Space [Homebuyers](https://blog.sdnyrealty.com/blog/buying-your-first-home/) today prefer open spaces to smaller enclosed rooms. Since many older houses are not laid out this way, knocking down non-structural walls is a typical method for creating open space. This will quickly update the look and feel of a house by improving the flow of the floorplan. ### 2.      Enhance Curb Appeal If you’re trying to improve a property’s value, be aware, its curb appeal plays a major role. From applying fresh paint to planting new shrubbery, it pays to invest in creating a beautiful exterior look that offers a winning first impression. ### 3.      Update the Bathrooms Another common focus for homebuyers is whether or not the bathrooms have been recently updated. If you don’t want to spend big bucks on new fixtures or appliances, it will improve the property's value to at least clean the grout, remove rust stains and apply fresh caulk. ### 4.      Modernize the Kitchen For many [Long Island](http://sdnyrealty.com/long-island-commercial-real-estate/) families, the kitchen is often the center of activity in the house. Updating this essential room will add value to the house as a whole. When modernizing a kitchen, a fresh coat of paint on the walls works wonders, but the floor can be just as important to attracting homebuyers. Redoing the kitchen floor is a major investment, but it can pay off greatly in the long-run. ### 5.      Pay Attention to Detail In order to maximize your home investment, you’ll need to cover all your bases to create an appealing atmosphere. This could include other necessary updates like installing a new front door, top of the line windows or new flooring. Since there are many decisions to be made when selling a commercial or residential property, it helps to enroll the services of a licensed real estate broker. If you have any questions, contact S&D Real Estate at 516-248-6905 or 631-761-9220.   [![Join The Commercial Courier](https://no-cache.hubspot.com/cta/default/432922/d68af3fc-de89-4dd0-bc71-e7dba2bb02f5.png)](https://cta-redirect.hubspot.com/cta/redirect/432922/d68af3fc-de89-4dd0-bc71-e7dba2bb02f5)   ### Tags: - [residential real estate](https://blog.sdnyrealty.com/blog/topic/residential-real-estate) - [commercial property](https://blog.sdnyrealty.com/blog/topic/commercial-property) - [property value](https://blog.sdnyrealty.com/blog/topic/property-value) ### [Previous post](https://blog.sdnyrealty.com/blog/questions-to-ask-a-realtor) #### [Questions to Ask a Realtor Before Selecting One](https://blog.sdnyrealty.com/blog/questions-to-ask-a-realtor) ### [Next post](https://blog.sdnyrealty.com/blog/selling-a-house) #### [Smart Strategies for Selling a House on Long Island](https://blog.sdnyrealty.com/blog/selling-a-house) ### Related posts [![How a Home Appraisal Determines Residential Property Value](https://blog.sdnyrealty.com/hs-fs/hubfs/Blog_Images/Home%20Appraisal.jpg?width=768&name=Home%20Appraisal.jpg)](https://blog.sdnyrealty.com/blog/home-appraisal) - September 26, 2018 - [Buying](https://blog.sdnyrealty.com/blog/topic/buying), [residential real estate](https://blog.sdnyrealty.com/blog/topic/residential-real-estate), [Selling](https://blog.sdnyrealty.com/blog/topic/selling), [property value](https://blog.sdnyrealty.com/blog/topic/property-value), [Refinancing](https://blog.sdnyrealty.com/blog/topic/refinancing) ### How a Home Appraisal Determines Residential Property Value Appraising a property plays a significant role in the real estate industry. While appraisals are used for a wide variety of reasons, one thing is... [Continue reading](https://blog.sdnyrealty.com/blog/home-appraisal) [![A Shared Office Space for Business: The Top Pros and Cons](https://blog.sdnyrealty.com/hs-fs/hubfs/Blog_Images/Shared%20Office%20Space.jpg?width=768&name=Shared%20Office%20Space.jpg)](https://blog.sdnyrealty.com/blog/shared-office-space) - September 12, 2018 - [commercial property](https://blog.sdnyrealty.com/blog/topic/commercial-property), [office space](https://blog.sdnyrealty.com/blog/topic/office-space), [commercial real estate trends](https://blog.sdnyrealty.com/blog/topic/commercial-real-estate-trends) ### A Shared Office Space for Business: The Top Pros and Cons Recently, co-working has become a popular trend for small businesses throughout the world, especially in America. Essentially, instead of working... [Continue reading](https://blog.sdnyrealty.com/blog/shared-office-space) [![How to Paint your Home or Apartment: A Beginner’s Guide](https://blog.sdnyrealty.com/hs-fs/hubfs/Blog_Images/How%20to%20Paint.jpg?width=768&name=How%20to%20Paint.jpg)](https://blog.sdnyrealty.com/blog/how-to-paint) - September 05, 2018 - [residential real estate](https://blog.sdnyrealty.com/blog/topic/residential-real-estate), [property value](https://blog.sdnyrealty.com/blog/topic/property-value), [home improvement](https://blog.sdnyrealty.com/blog/topic/home-improvement), [interior design](https://blog.sdnyrealty.com/blog/topic/interior-design) ### How to Paint your Home or Apartment: A Beginner’s Guide Whether it’s the wall, trim or ceilings, painting the interior of your home or apartment isn’t such an easy project. From preparation to execution... 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