Your parking lot says a lot about your apartment complex. After all, it’s the first thing potential, and existing, tenants see. If it’s full of cracks, dips and holes (which are often caused by the changing seasons in Cleveland), anyone who might have been interested in moving in, might decide to drive on by. If the parking lot is in disrepair, what do the apartments look like? It also has an effect on your current tenants, and could affect their choice to renew their lease. If your parking lot is starting to look a bit shabby, repaving can offer you several benefits.
As a property manager, keeping your current tenants happy is important. Happy tenants are much more likely to renew their leases. Renewed leases mean less turnover, which is actually a big money saver. You don’t have to worry about paying for repairs to a vacant apartment or the lost income from not filling it.
A repaved parking lot can also keep complaints down. Tenants don’t have to worry about potential damages to their vehicles as they traverse over holes. It also prevents any trip and fall accidents as tenants walk to and from their cars.
Your apartments may look modern and beautiful on the insides, but a poor looking parking lot can drive potential tenants away before they even stop to look. Repaving your parking lot immediately increases your curb appeal to those driving by. Passersby will immediately take note of your improvements. The right Cleveland parking lot paving can help you quickly fill vacancies, which can lead to greater profits.
Parking lot paving can be a costly investment at first, but the return on investment will be noticeable almost immediately. By updating your parking lot, you are providing a safer environment, and making a vast improvement to the appearance of your complex. For this reason, you have the potential to increase rent. And properly maintained asphalt has the ability to last up to 20 years or more, meaning that you don’t need to spend an exorbitant amount of money each year. If repairs or treatments are needed at any time, most can be performed without the need to do a complete replacement. And these repairs don’t cost nearly as much as parking lot repaving.
If you want to increase the appeal of your apartment complex, repaving your parking lot can do just the trick. And for the best parking lot paving in Cleveland, contact Advanced Asphalt Paving. We offer a wide array of services, from paving, to maintenance, to repair, giving you the best quality parking lot you could want and helping you to keep it that way. Give us a call today.