Thinking of selling in the next year or two?

10 value boosters for Utah commercial property owners

Things owners can do before selling that often help a building's price. Tick off what you've done; this page remembers your progress on this device only.

1. Renew or extend leases before you sellBuyers pay more for years of signed rent. A renewal with a good tenant can be worth more than a new paint job.
2. Move toward NNN at renewalWhere the market allows, leases where tenants pay taxes, insurance and upkeep make the income steadier.
3. Clean up the rent roll and lease filesEvery lease, every amendment, every option, in one place. Missing paperwork slows buyers down and invites discounts.
4. Bring rents toward market at renewalsBelow-market rent lowers what the income is worth today. Small, fair increases at renewal add up.
5. Fix the things buyers will see firstRoof leaks, parking lot potholes, broken lights, stained ceiling tiles. Inspectors find them, and buyers price them high.
6. Keep service records for the big systemsRoof, HVAC, fire sprinklers, elevators. Records showing regular care calm buyers and lenders.
7. Have a plan for empty spaceLease it, or show a buyer a realistic plan and pricing for leasing it. Vacancy with no plan reads as risk.
8. Organize 2 to 3 years of operating statementsIncome, taxes, insurance, utilities, repairs and management, by year. Clean numbers support a better price.
9. Check zoning, permits and code issuesOpen permits, unpermitted work or a use the city doesn't allow can stall a sale. Better to know first.
10. Gather any environmental reportsIf you have a past Phase I or other report, find it. Buyers and lenders will ask about the site's history.

Not every fix pays for itself, and some cost more than they return. Ask before you spend: we'll tell you which of these matter for your building and which to skip. This is general information, not legal, tax or construction advice.

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