Lobby and Hallway Improvements Making a Good First Impression

There’s an old saying, ‘You never get a second chance to make a first impression,’ and that holds very true for multifamily buildings. Large or small, deluxe or modest, a building's lobby serves as a snapshot for the rest of the building.

Once residents and potential buyers walk through the door—and there are many of them on a given day tracking dirt and contributing to its overall wear and tear—the foyer tells them everything they need to know about what’s upstairs. People interpret a shabby, deteriorated or just plain out-of-fashion lobby as a reflection of what they’ll find on the rest of the property, and how much the building staff and owners care about its condition. The lobby will either welcome them or deter them from coming back.

The First Look Counts

Bill Becker has been on all sides of the multifamily industry—from property manager to condo board member and finally, current president of New York Corridors, a Manhattan-based firm that provides a complete line of general contracting services, specializing in the renovation of hallways and lobbies in cooperatives and condominiums. He knows first-hand the benefits of a well-kept lobby. He remembers when he entered the lobby of an older New York City building and wasn’t impressed. Deliveries were piled up in the corner, and the lobby seemed chaotic and run-down. “I couldn’t find a concierge because I think he was hidden behind the boxes,” says Becker, the company president. “An owner coming home wants to come into a nice lobby.”

“Potential buyers survey the lobby, and it has a dramatic effect on real estate sales,” Becker says. “A nice lobby is not only going to sell apartments faster but the building is going to operate more efficiently. Sometimes when the lobby is rearranged it also allows more services to be provided to the residents and provides a nice seating area for their guests.”

If shabby, deteriorated and out-of-fashion describes your building’s lobby, it just might be time to do something about it. “Every building is very budget conscious, but the more money they spend on the lobby, the more money they’ll get back,” says Becker. “It can add 10% to 15% to the value of the existing apartments.”

Read More...

Related Articles

A New Look for Your Lobby

Redecorating Your Common Areas

Alteration Agreements

Going By the Book

Design Committees

Building Consensus, Beautifying Buildings

Should You Spruce Up Your Unit Before Selling It?

Does a Renovation Help Boost Your Asking Price?

Lawsuit: Condo Building Is Charging a Fee Before Library Can Renovate

The Move Could Hamper Construction

Fixer Uppers: When Once-Derelict Buildings Turn Into Pristine Condos and Co-ops

The Renovations Could Have an Impact on the Neighborhood

 

2 Comments

  • Not a comment... But can u suggest some in Brooklyn who can help with a 9 family Co-Op update who are seeking to redo a small narrow lobby, stairways and landings.
  • Hi, Can you recommend someone who can help match hallway door and wall colors with carpeting for a six story co-op building (66 apartments) in the Pelham Bay section of the Bronx? We would also like suggestions with wall decor. Thank you.