INSIGHT
Connectivity is…understanding the importance of robust mobile connectivity in property investment
As an asset manager, ‘due diligence’ will not be an unfamiliar concept. You consider location, market trends and demands, no doubt you risk assess and have an exit strategy and it’s a given that you will evaluate every financial aspect of the investment.
But how much attention are you paying to the mobile signal coverage? As you consider the type of property that aligns with your investment goals, whether it’s residential, commercial, industrial, or mixed-use and you assess the condition of the property, including its age, maintenance requirements, and potential for renovation or improvement, are you even thinking about the importance of robust mobile connectivity?
Much like the other three utility services, it’s easier and more cost effective to ensure their working to full potential prior to undertaking any other construction work. Yes, retrofits are possible, especially if your investment is in an old building to fix up, but the benefits of attending to any issues early cannot be underestimated.
If in any doubt about the value of reliable and robust connectivity in an investment property, here’s just five reasons why you should prioritise coverage.
- Tenant Satisfaction – In a world where remote work and online activities have become the norm, tenants expect seamless connectivity within their living and working spaces. Robust mobile connectivity enhances tenant satisfaction by enabling them to stay connected, work efficiently, and enjoy uninterrupted access to essential services.
- Competitive Advantage – In a competitive property market, offering superior mobile connectivity can be a key differentiator. Prospective tenants often consider factors like network coverage and internet speed when choosing a property. By providing reliable mobile connectivity, we enhance the attractiveness of our properties, potentially leading to higher occupancy rates and increased rental yields.
- Property Value – Robust mobile connectivity can enhance the long-term value of our properties. In today’s digital age, properties with poor connectivity may face decreased demand and lower resale values. Investing in infrastructure to ensure strong mobile network coverage can safeguard the value of our assets and contribute to their appreciation over time.
- Futureproofing – With the ongoing advancements in technology and the increasing reliance on mobile devices, the demand for high-quality mobile connectivity is only expected to grow. By prioritising this aspect in property investments now, you future-proof your assets and ensure their relevance and competitiveness in the years to come.
- Tenant Retention – Providing excellent mobile connectivity can contribute to tenant retention. Tenants are more likely to renew their leases and recommend our properties to others if they have a positive experience with the connectivity infrastructure. This, in turn, reduces vacancy rates and leasing-related costs.
Considering these factors, it is clear that robust mobile connectivity is not just a desirable feature but a fundamental aspect of property investment in today’s digital age. At Pan RF, we remain committed to delivering exceptional experiences to our tenants and maximising the value of our property portfolio, and ensuring strong mobile connectivity is integral to achieving these goals.
