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Upgrade Lighting To Increase Your Building’s Value

If you’re thinking about selling a property, you may also be considering different ways to increase its value. Unless you own one of the 25 percent of industrial, commercial and institutional buildings built since the revolution in energy technologies, chances are good it will benefit most from a lighting upgrade.  The increased energy efficiency, improved appearance and greater occupant satisfaction that results from lighting improvements will increase the asset value of your building.

Increased Energy Efficiency

Energy costs are one of the most significant expenses for businesses and organizations, and much of that is lighting costs. Although a lighting upgrade requires an up-front investment, the amount saved on energy bills usually pays it off in less than three years. When the decrease in maintenance costs and tax breaks are factored in, the return on investment for lighting upgrades averages between 30 and 50 percent. The increased energy efficiency also means lower operating costs, which in turn provides a substantial boost to the resale value of the property.

Improved Appearance

Any interior designer will tell you that lighting is one of the most important components when it comes to creating atmosphere. Well-lit facilities that take advantage of newer lighting technologies provide a bright, upbeat atmosphere that appeals to buyers. It gives your property an up-to-date, well-maintained, fresh appearance that translates into higher value.  This includes not only high-use spaces, but stairwells, exteriors and parking lots as well.

Greater Occupant Satisfaction

More than two-thirds of workers complain about the lighting at their place of business. Not only that, research has shown that good lighting improves mood and increases productivity. Business executives and building managers know the value of satisfied occupants, which makes high-quality lighting a desirable feature for any property.

If you’re looking for a way to boost the value of your property, a lighting upgrade is a smart investment. Not only will your building look better, it will be more energy efficient and deliver greater occupant satisfaction.

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