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It’s finally that moment. You’ve put a large amount of work and money into that property you’re about to sell. As a real estate investor, you’ve assessed the overall value and know that you can flip the house for a sizable profit. The future’s looking bright, and you’re finally going to get a return on your financial commitment.
However, you may not know that you can add value to your investment property when it’s time to sell that may even have a real estate appraiser in Delaware putting a more extensive price on your home. Even better, you can do this without spending tens of thousands of dollars or taking up weeks of your time. If you use these tips, we’re confident that you can make the investment property sell you’ve been dreaming of a reality–with some extra dollars in your pocket.
Start from the Outside
Appearance matters when it comes to purchasing homes. No prospective home buyer wants a house that has chipping paint and a garden with overgrown weeds. Ensure that your property is making a great first impression by having:
- Proper outdoor lighting
- Fresh paint on the exterior
- A beautiful front door
- Comfortable seating on your front porch
- Flower gardens and, if possible, a landscaped lawn
- Recent painting on the exterior
- A new mailbox
All of these add up to create curb appeal that improves the look of your house’s external appearance. This will make your home much more desirable to your future homebuyer.
Build Up a Bedroom
The bedroom is where people rest, sleep, and these days, even work from home with personal desks in place. Simply put, bedrooms are more important than ever to homeowners. If your property has an additional room such as an office or a storage area, you can easily turn it into a bedroom by adding just a few furnishings.
The amount of bedrooms in a home impacts a house’s value. Adding an additional bedroom onto a two- or three-bedroom home can add thousands of dollars onto your home’s value. This means extra dollars for you when it’s time for your property’s sale.
A Better Bathroom
Similarly, improving your property’s bathroom (or multiple bathrooms) in just a few ways can add additional value to your house. Before you’re ready to put your investment property on the market, ask yourself these questions:
- Could the bathroom floors of my property look better with re-tiling?
- Have the floors, toilets, and bathtubs had re-caulking recently to prevent possible leakage?
- Do the bathtubs need reglazing?
- If the shower is separate from the bathtub, could the shower floor have improved flooring?
- Is there a window in the shower, which can add natural ventilation?
These are all renovation tips that, when utilized, improve your property’s bathrooms exponentially. They add an aesthetic touch, while also making sure that your potential homebuyer won’t run into any issues when inspecting the property for possible purchase.
Heat it Up, Cool it Down
You might think it goes without saying, but many properties that are available for sale these days don’t have heating or cooling systems that are able to withstand the impact of the weather once the harsher seasons come.
Make sure that your heat and air conditioning systems are working properly before you’re about to put your property on the market. Ensure that they’ve been cleaned recently, filters have been changed, and that they’re in top shape. The last thing that you want is odor, mold, mildew, or shutdown to occur for your buyer.
An Open Living Space
We live in a generation where, despite health concerns, open communication and shareability is a part of everyday society. This psychological aspect comes into play with the property selling experience as well.
You may find yourself trying to sell an older home that has multiple, non-structural walls in place. This might be looked at as an unwelcoming aspect to potential homebuyers. Knocking down an older dining room wall, for example, can have it lead into a living room or kitchen for more walkable space. This scenario is much more encouraging for prospective buyers, especially a family.
You’ve put time into this project, invested money, and done your research. Just a few more tweaks can potentially add tens of thousands of dollars onto your property, and be the deciding factors towards finally flipping your home.
About the Author
Jennifer Bell is a freelance writer, blogger, dog-enthusiast, and avid beachgoer operating out of Southern New Jersey.
Photo by Stephanie Ho from Pexels
