Paving, Property Management and ROI
Property managers have a variety of issues to deal with. They are responsible for attracting new tenants, ensuring that current tenants are happy, maintaining the property’s curb appeal, and making sure that damages and trip and fall hazards are repaired promptly. Since they are also restricted by a budget, they must prioritize which expenditures are the most important and will provide the best return on investment. One area of budgeting that can help satisfy all of these requirements is the professional maintenance of the parking lot. Sommerset Paving is the answer to assess the needs of your property resulting in on time, under budget paving solutions.
Attracting New Tenants
Curb appeal is a major factor in attracting new tenants to an apartment complex, retail center, or office park. If the parking lot is well-maintained, attractive and safe, potential tenants assume care has also been given to the interior. If the pavement is full of cracks, pot holes, and faded lines, a potential tenant may think the entire facility is run down.
Retaining Current Tenants
It's much less expensive to keep an existing tenant than to market and attract new ones. Tenants may not renew their leases if their visitors or customers must contend with potholes, uneven pavement or cracks that could cause damage to their vehicles or cause trip and fall hazards.
Curb Appeal and Property Value
Studies have shown that a property with a parking lot in excellent condition can have a value of at least 5 percent more than a comparable property with a parking lot in poor condition. If you are looking to attract investors or sell your property, you should ensure that your parking lot is in great condition.
Maximizing Your Return on Investment
Although asphalt pavement is economical, a parking lot still represents a significant investment. With professional repair and maintenance, you can prolong the useful life of your pavement. Neglected pavement can fail in less than 10 years, but many pavements last more than 20 years if they are properly maintained. Let Sommerset Paving’s expert project managers assess your pavement needs to produce long lasting results that are on time and under budget. Spend pennies on the dollars on maintenance rather than thousands on costly repairs due to neglect.
Customers of Sommerset Paving include property managers, major retail chains, apartment complexes, shopping centers, office parks, hotels, restaurants, churches, educational facilities, HOAs, industrial facilities and municipalities.
The Sommerset Paving Advantage:
- Continuous communication with one project manager
- Ability to assess pavement needs and provide value added solutions
- Deliver projects on time and under budget
- Certified operators with 100% safety record
- Pre-job walk through with project managers having over 35 years experience
- Foremen with over 25 years experience on job at all times
- Crew easily identifiable with Sommerset Paving shirts
- Cutting edge equipment to deliver superior results
- Daily job site cleanup. We treat your property as if it is our own