When you are a real estate investor, making smart and simple home improvements is the best way to boost investment home values. While each property you’re dealing with will have it’s unique requirements, here are our favorite renovations to increase the curb appeal – and asking price – of short-term real estate holdings.
Fresh Coat of Paint – You would be amazed at how much of a difference that a new coat of paint makes on the Interior of an investment property. Regardless of whether you choose a neutral color or trending color to complement the inside of the home, getting a paint job done is a relatively inexpensive and fast way to make a better impression when showing the property to potential buyers. It looks good, and the smell is undeniably alluring!
New Flooring – Flooring is another important part of the property that buyers will evaluate before making a buying decision. Most homebuyers prefer to buy properties that are ready to move into without having to do a lot of upfront work. These days there are more options available than ever before to upgrade the flooring in an investment home. Old carpeting, vinyl or linoleum can affordably get replaced with newer carpet or a variety of natural or engineered hardwoods, ceramic or natural stone tiles, or laminate flooring.
Power Washing – If the exterior of the home you’ve invested in looks as if neglected, a high-pressure power wash is an ideal way to clean away dirt, mildew, and debris from your home efficiently. Additionally, High-pressure power washing is a safe way to clean other features of the home including cement driveways, sidewalks, patio areas, and decking. Once the job gets completed, you will see a noticeable difference in the way your property looks. And if your property looks good to you, the chances are good that it will look even better to someone who is viewing the property for the first time.
Landscaping – If your property has an ugly looking lawn, a bit of landscaping goes a long way in making your home more marketable. Depending on the condition of the property, this might entail removing dead or struggling vegetation and replacing it with new grass, plants, shrubs, or trees. By taking the time and making the effort to improve the outdoor areas around the home, you are increasing the chances that someone will want to buy it and call it their home.
Never overlook the importance of adding value to the investment homes in your portfolio. Even small improvements that are relatively inexpensive make a substantial difference in the marketability of your property and hasten the sale of your asset.
Would you like to learn more about real estate investment opportunities in the Metro Washington DC area, give us a call at (800) 674-5363 today!