By James John
As a business owner and real estate investor, it is likely that you will want to add as much value to the properties in your portfolio as possible before you sell them on. However, it can sometimes be difficult to determine where to begin. Then, here is a short guide on how investors can add value to their properties throughout the rest of the year and prepare them for sale.
Install Accessible Features
You might believe that accessible features are only for a niche market. However, that is just why they are so sought-after. No one wants to spend months after buying a property sprucing it up and making it accessible for them, especially if this means enduring weeks where it is almost impossible for them to get around the building.
By installing accessible features, you will be opening the doors to the millions of people who need them and raising its value as a desirable abode with unusual yet functional features. For instance, you might decide to install a lift into your property. This stair lift will allow disabled people to more easily travel between the floors of the abode and will prevent them from having to purchase a flat or a bungalow. By getting stair lifts installed, you will be ensuring that disabled people have much more choice over where they live and what type of building they live in.
Warm Up The Property
A shocking number of older homes are freezing cold in both winter and summer due to a lack of energy-efficient features. If that is the case with your investment property, you might find that you struggle to sell it for a decent price. Instead of panicking about this, there are many actions you can take to warm your property up and make it appealing and comfortable to buyers. For instance, you might decide to install a fireplace, either running on electric or gas, get underfloor heating, invest in triple-glazed windows, and replace the attic insulation. This is especially important in colder states where the ambient temperature is lower no matter the season.
Get Rid of Issues
Some elements of the property might be off-putting, and some might be undesirable, but others might be extremely worrying, and these are the ones you should focus on. For instance, it is likely that even a person who is completely in love with your building will balk at the sound of structural issues, and no one wants to spend the first weeks of their tenure fighting damp and mold. You should check the house for pests, such as moths and bedbugs, and replace any loose tiling or leaks on the roof. If you are struggling to spot these or want help, you should get a survey performed by an official inspector and look around for professional teams who can help your house get back to normal. This will ensure that potential buyers do not drop out of the process at the last minute or want money off the sale of the house.
