Exterior paint for newly acquired brick building.

[Matthew Hitchcock]

Closing date set for our first apartment building. Trying to plan ahead and think painting will make the building pop, create curb appeal, and a desire to live. Has anyone had any experience with this process? Rough cost associated? etc.

[Greg Scott]

Painting brick turns something that is maintenance-free into something that must be maintained. The added expense drags down your annual NOI and therefore destroys value in your property. Most apartment owners I know dislike painted brick for that reason.

Is there another way to make it pop?   

Congrats on your acquisition.