When you have a double or a large apartment complex, as a real estate investor and property, one of the most important aspects of this investment is the resale value. In addition to the periodic cash flows generated by the lease, collect your cash flow when you sell the property is paramount for a good rate of return. Needless to say, therefore, that property investors depend on their properties increase in value.
In this case, shows pride of ownership can be one of the easiest ways to increase the value of the property investor. Something in the world of real estate investing, or as the proverb goes, “a picture is worth a thousand words.”
Take pride in the appearance of the property and the rental income show respect for the property of your own. Buyers suspect that if you care for the show from the side of the road, you may also be concerned about things not visible from the roadside. The result is that the people who interest in property (a potential tenant or buyer) would like to see more, and whenever you can get someone to do more than just drive by your property, can translate into extra cash for you.
Here are some simple suggestions how you can quickly and easily show ownership that may interest potential customers and ultimately add value to your property.
- Landscaping: A well-maintained lawn and shrubs, or maybe spread some bark dust can make a world of difference to the curb appeal.
- Home hygiene: Regularly take out the trash – discarded cigarette butts in the dirt or the flowers or the parking area screaming mess. Pressure washing the exterior walls, windows, sidewalks, decks, and parking areas can turn a drab property into a fresh life that seems to hint at the new tenants and buyers.
- Fixing what’s broken: No loud screams ignore the broken things. Repair broken gates and fences, guardrails, and gutters, and when the repair, be sure doing it properly and use quality materials.
- Painting: Freshly painted front door and touch up paint for nicks and stains on the exterior walls give an overall impression of quality throughout.
Common sense should tell you that it does little good to use great curb appeal to attract customers only to lose them with drab unit. Of course, in the real estate investment property you should also show pride of ownership.
With buyers in particular, when it appears that the property you have too many repairs needed will usually offer better terms with low or no bids at all, and you also lose the consumer or buyer.