What’s New? June’s Newsletter From LuAnn Thoma-Holec

Refresh Your Community With CAPX Expenditures

For many communities, keeping their buildings current and fresh can directly impact the number of lease agreements and real estate value. A fresh aesthetic and functionality of a community promote a sense of pride for residents and employees alike.

Often, communities already allocated a certain amount of CAPX dollars for updates, such as purchasing new furniture for a particular area, especially for high-impact areas such as lobbies or any rooms adjacent to the lobby. However, due to the vast amounts of harsh chemicals used to clean and sanitize spaces in the last year, the wear and tear of furniture were exceptionally high in areas not anticipated. Giving these areas a refresh can impact marketing efforts and, not to mention, produce a great first impression. Continue Reading