Congratulations! You’ve just recently purchased a residential property investment. The thing is it doesn’t stop there. Yes, you’ve read that right. There is definitely more work to do. First of all, you still have to make the space feel more like home. Do you want to live within empty mundane walls and hollow rooms? Of course not, that’s what we thought. Besides, we have to talk about appraisal and value preservation too.
With all that said, behold the following tips on how to add value to your residential property investment all while adding major pizzazz to it!
Tip No. 1 – Check the plumbing and update as needed. Nobody would want to have dripping faucets or an indoor flood, right? Repairs should be done where needed and if an update proves to be more beneficial and least costly in the long run then by all means do.
Tip No. 2 – Inspect and changeup electrical units. Fire is a major no-no so it’s always best to be safe than sorry. An inspection must be had to determine the electrical needs of your house. In some cases, changing the electrical wirings, sockets and light switches will be needed.
Tip No. 3 – Invest in the kitchen. The correct kitchen upgrades can really bring up the value of a residential property investment because most buyers always have this space as a priority. The kitchen is either a deal maker or a deal breaker.
Tip No. 4 – Pay attention to the bathroom. Next to the kitchen, bathrooms are a huge factor in home appraisals because it’s one of the major concerns in the real estate market. Adequate space, proper lighting and storage are tried and tested ways to update the bathroom.
Tip No. 5 – Give your lawn some loving. The exterior of the asset is as important as its interiors. It’s also the first thing that people see of the property so it would only make sense to give adequate attention and investment in it as well. So mow your lawn, clean up the curb and manicure the garden.
Adding value to a residential property investment is necessary to ensure that the asset does not drop its worth to nil. This is part of the maintenance of it all. Home owners should however be careful when it comes to any renovations because not all updates will essentially equate to an appraised value. Seek advice from experts first and discuss your plans before you get to building.
What does it take to move into a new commercial property investment? In all honesty, a whole lot! It’s not easy and one should not come into a state of denial here. If moving a home is already a lot of work, try to imagine how much more it would be for an entire organization. It certainly wouldn’t be a piece of cake. Not even two! To help you with the transition, here is a checklist from www.singerviellesales.com to guide you along.
BUDGET – Have your financial resources prepared because moving will entail costs and expenses. You will have to pay not only for the new space but also to get your equipment and your business from one point to the other.
PLANNING – Be sure that you’ve got a plan prepared. Moving a business has to be taken cautiously because it can affect operations thus sales and profitability too. Careful planning and adequate preparation are needed at least a year ahead.
ANNOUNCEMENT – You need to communicate the said move to every single member of your organizations as they will not only be affected by it but they too shall take part in it. The same must also be done for suppliers, creditors and customers. You need to get them informed so they won’t get the wrong ideas.
TIMEFRAME – Since it affects operations, it must be timed well so as not to create any unwanted disruptions. It must also be done in as fast as possible because a company on the move is business on hold.
BACKUP – Safely and securely store all of your important documents, digital in format or physical. Back them up to avoid any headaches in the event of mishaps and accidents.
MOVERS – Find trusted professional office movers. You cannot do everything on your own and you cannot expect employees to leave their main roles to pack boxes and haul equipment to trucks.
TRANSPORTATION – Determine how much, which types and how many rounds will be required to move everything from the first point to the next.
PARKING – Ensure that a parking space for your trucks and transport vehicles are present at the new place.
UTILITIES – Have your utilities like electricity and water up and running at the new commercial area. This has to be done before you move in.
STORAGE – Lastly, see to it that there is enough storage space in your new commercial property investment or rent a warehouse where you’ll stock your stuff. Surely, you cannot finish unpacking them all in one day.
In order to fully benefit from their UK property investment, owners and investors need to learn the art of asset appreciation. You simply could not allow your properties to depreciate and go down in value. You need to rev up their engines and make their values soar. This way you get profits not losses. You get a return on your investment. To do that, we’ve prepared this tutorial for you. Now carry on reading and take down notes.
Pro Professional – Not everyone has the skills and technical know-how. You might think you know what you’re doing but essentially you don’t. This is why it would be best to call in the pros. Bring in your architect and realtor for a look and have a sit down to talk things through. Discuss what improvements and tasks the market will be interested in and one that will create more value than expenses. They will also advise you on whether or not a certain idea is doable, necessary, impossible or crazy to even be considered.
Play Detective – Call in a surveyor too. You will have to inspect whether or not structural repairs and improvements are needed to further strengthen the foundation of the asset and keep it functional. Remember that you cannot fix something that is you don’t even know is broken. Act before it’s too late.
Color Splash – Paint it up. This is the simplest and most cost efficient way to add value to any property. A fresh coat of paint always spells cleanliness, upkeep and updates. Buyers want that and they’re willing to pay for it. Assets with peeling, dirty and messy walls are just sad and forlorn looking that their values tend to frown too.
Garden Spell – Snarled branches, scruffy bushes and tangled vines not only look messy but they too can block out light, obscure views, encourage mold growth and make the asset look dejected. Grab some garden scissors and start to manicure the lawn and the gardens. A pretty looking lawn, front and backyard is a site to behold and pulls prices up.
Light it Up – Good lighting is essential. Not only is it for functional purposes but it also lengthens and widens space. Provide for adequate windows and see to it that light fixtures are placed where they ought to be.
Remember, these tips on appreciating the value of your UK property investment are only a few of the many out there. Do check out Singervielle.com for more info. Good luck!
When it comes to your residential property investment, it is wise to devise means in which any changes, repairs and improvements will contribute to the value of the asset thereby increasing its overall worth. You never really know if moving becomes an option later on in life and selling it becomes a necessity. Plus, wouldn’t you want your investment to grow and appreciate? Even if you use it for yourself, adding to its value makes a great recoup and will look great on your net worth and creditworthiness which can come into play in terms of loan applications and business endeavors.
But before you do that it is best to call in the pros like www.singerviellesales.com. You cannot simply whip up your concoction of ideas without the right expertise. What may seem like a really great project can turn out to be too expensive and in terms of investments, unwise. At the same time some renovations may not coincide with the structural integrity of the property. Be sure that you call a meeting with the right experts to discuss your plans and to hear their advice. Now, what improvements will add value to your residential property investment? We’ve got four for you to peruse.
Put your money in the kitchen. This room is considered the heart of every home and so most buyers really put in a lot of consideration to it. The kitchen can make or break the value of any residential asset. The key here is to ensure that the place is clean and all fixtures are working. You may want to upgrade your cabinets and drawers to make them look consistent and organized. You can achieve this either by putting a new cabinet system or if budget does not permit, have it refinished instead.
Revamp the bathroom. This comes next in the priorities of home buyers. There are simple cost efficient ways to upgrade your bath. A fresh coat of paint and a new toilet seat always does the trick. Replace old, worn out and damaged fixtures too. Re-grout your tiles and replace chipped ones.
Make it energy efficient. Some homes are structured to need more air-conditioning, light and utilities compared to others. To cut down on such costs, consider opening up using windows. Invest in the ones that allow fresh air and light to come in.
Plant some trees, shrubs and flowers. Mow your lawn and keep it clean. It makes the residential property investment look and feel more natural, comfortable and homey. Plus, they are aesthetically pleasing.
When investing your hard earned money into properties, one has to take the necessary measures to ensure that you make the right decisions as you seek to profit from your ventures or even simply make sure that your purchase was worth its cost. To help us achieve just that, we’ve got a list of factors to consider in property investments as mentioned by the leading real estate agency professionals in town. Gather your pen and paper and start taking notes.
THE PURPOSE – Why are you buying a property in the first place? Is it for personal use as with residential assets? Is it for commercial and industrial use for your business? Or maybe you want to have them leased of and gain profits? Whatever it is do know your purpose because it will affect the other factors from here on.
THE BUDGET – Determine how much you can afford as well as your mode of financing the acquisition. There are many ways out there, loans and mortgages being two of the many. Every alternative has its own pros and cons so you have to weigh those against your case.
THE LOCATION – Properties are valued based on several factors and a major one is location. When it is located in a growth area or one that is in close proximity to certain establishments like schools, transportation hubs, hospitals and malls, it is considered a prime asset and is therefore more valuable. It also has greater potential as to appreciation in market value.
THE ONGOING COSTS – When investing in fixed assets, buyers need to take note of repairs and maintenance costs. They may not seem too much of an expense at present but they will be felt over time. Also you don’t want to buy something that needs loads of repairs to function, do you?
THE MARKET – It is also imperative to know about the market’s demand for the property whether you’re the buyer or the seller. The higher the demand for a certain asset then the higher is its price. When demand is low the price either stagnates or gradually recedes.
THE LAND – Real estate agencies also remind investors about considering the quality of the land in the area. There are those that do well as parks and gardens and those that can cater to skyscrapers. If you are planning on building something on it then be sure to get to know it more.