Selling Your Business Premises? Here’s How To Make It Attractive To Buyers!

Posted on Aug 6 2015 - 5:51pm by Editorial Staff

If you’ve got a growing business, you will no doubt need to expand your working area. It’s possible to do so with an existing office space by following some creative planning. But, what happens if you’ve reached capacity? The only choice is to move to bigger premises.

And if you own the building you are in now, that means you will need to sell it before you move. So, if you’re in that predicament at the moment, how should you prepare your office building for sale? Follow these tips to get a quicker and better sale!



Paint the walls white

The first thing you need to do is get rid of any marks on the walls. Just like with your home, the walls in your office building will look tired and worn after a few years of wear. The easiest and cheapest thing to do is get a few buckets of white paint and apply a couple of coats to the walls.

You could do that yourself, or you could hire a decorator to that for you. It doesn’t matter that you’re just painting the walls white. They can transform even the dullest of areas!

Get the carpets steam cleaned

Now that your walls are gleaming, it’s time to focus your attention on the floor. The carpets in your offices will look somewhat worn and neglected. High traffic areas will appear to have the worst amount of wear.

By now, you are perhaps thinking you might need to buy new carpets. Of course, that can turn out to be an expensive exercise! Instead, you should just “make good” your existing carpets. You can do that by having a professional steam clean them for you.

It’s best to have the work done when the offices are empty, and there are no people inside. But, if you need to sell your building before you move, that can be hard to achieve. Many steam cleaning firms will work in the evenings or weekends to lower disruption.


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Ensure your building is up to code

Prospective buyers will not want to spend a fortune to ensure the office building is safe. It makes sense to identify any areas of concern and get them sorted before you advertise the building.

For example, are there fireproof doors located between the main office areas?  Do you have a fire alarm system installed, and does it work? And does the roof have an edge protection system? They are just some of the things you need to assess.

You should also check that there are no trip or slip hazards in your building. Examples include loose carpets or floor tiles and leaking water pipes. The aim is to make your office building in a “ready to move in” state for the next owner.

Have you got all the ownership paperwork?

Last, but not least, it’s crucial you have the paperwork to hand that relates to the building. These include things like title deeds, inspection and safety certificates, and survey reports.

By law, people can only buy the premises from you if you can prove you’re the legal owner of the building!

About the Author
Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.