When it comes to selling your home or redesigning the interior to meet your ever-changing taste, you will want to look at putting time and money into the features that will boost its value and enhance its convenience. Many people turn to redesign the obvious interior features and feel that it will boost its value when in actual fact it is the small features and appliances that really make a difference. Not only do the following features enhance the property price, but they will also make it more practical and convenient for you whilst you are living there.

Heating and cooling system

All homes need to have a well-functioning heating and cooling system in order to feel comfortable and efficient. There is no good in being freezing cold or too hot in your own home, so air conditioning repair and central heating services will ensure your systems are working efficiently. Efficient heating and cooling systems will make you more comfortable, make the property appear efficient to future buyers, and increase its value. Effective systems help reduce energy bills, which is a huge bonus for you and potential future owners. 

Revamp rooms that add practicality

Splashing out on new interior design trends is a common mistake people make when using their money to revamp their homes. Whilst it makes it feel nice, it doesn’t really add any real value. Instead, you could focus on rooms that involve plumbing and features that make the home more practical, like the bathroom. Years ago, bathrooms were rooms that just needed to be utilitarian. However, nowadays people are looking for their bathrooms to be a place of luxury, somewhere to relax and unwind, in an almost spa-like home experience. Modernizing a bathroom to reflect this is a great way to add value. To achieve this, a whole new bathroom suite isn’t always necessary and you’d be surprised how different a shower can look with new hardware and new tiles. But ripping a whole suite out and starting afresh may also be beneficial, particularly if you want to change the layout of the room. Any new bathroom should still tick all the practical boxes, be easy to maintain, and have a bit of style too.

Take care of defects

Having structural defects is one of the biggest issues that can devalue your home. In fact, it can even lose you a string of buyers when it comes to selling, as it can cause prospective buyers to run for the hills. And if it doesn’t, they’ll most likely be looking to knock a wad off the price. Structural defects can be as small as just having a cracked lintel, to as damaging as subsidence. In some cases, mortgage lenders may not lend on properties with serious defects so it’s well worthwhile getting these resolved. Sorting out defects will also make your interior look and feel nicer, which is key when you are living there and want to feel happy in your home.

If you are thinking of investing in property there are several ways to go about it. You could buy to rent, build to sell, or flip a property for profit. One other way investors make an easy profit of buying and selling homes it’s by buying off plan property. The process for making an off plan property investment is outlined below in more detail. 

OFF PLAN PROPERTY 

Off plan property means property that has yet to be built. The idea is to buy a property at current market prices and make a profit on it when it’s sold a year later. In a year’s time the market conditions will have changed. 

It can be a risky form of investment as it’s based on the improvement of the housing market. However, in some cases  profits of 10% or 20% can be made by purchasing a property before it is ready for sale.

DO YOUR RESEARCH 

As with any purchase of property research is important. But it’s even more important when you’re buying an apartment off the plan. Since the property is yet to be built you need to pay particular attention to any concrete information you do have such as location and housing prices. 

Before investing in an off plan property find out about the desirability of the area and what amenities are available there. Also research the market conditions for similar properties and its viability for rental. Without research you may be financially vulnerable. 

LOCATION 

Although it has become something of a cliche the location of a property is still one of the primary factors you should consider. It’s especially important when buying an off plan property that doesn’t yet have any infrastructure. The location is one of the best determining factors. 

Consider the local area as well as the wider area. Is it being developed or regenerated? This could offer some appeal to potential buyers. Then consider how close the shops, parks, and schools are to property you’re thinking of buying. These are high priorities for many people. 

KNOW YOUR MARKET 

Before you invest large sums in an off plan property think about your target market for selling the property. Consult with local estate agencies to find out the type of people who buy in that area. The better you understand your customer the better you can cater to them. 

Furthermore, with off plan property you will typically be competing with other investors and developers. Find out how many units of a development have been sold and who you are competing with. Knowing more about a property’s demand can give you an edge. 

PRICE 

It’s always a good idea to research the property market and find out the average prices that similar properties are being sold for. This should give you a reasonable indication of the profit you can expect as a return on your investment. 

But be warned. The housing market is continually changing and there’s no guarantee that house prices in the area will stay the same. As with any investment there is an element of risk involved, but with the right research and analysis you can make a calculated estimate.

As a property manager, developer, or landlord, your dream is to attract high-quality tenants. This term refers to individuals that pay their rent on time and obey rules and regulations. To this end, you might go to the extent of making a poster to indicate your preferences outside your building.

There is no shame in wanting trustworthy and reliable clients. as a business owner, it is only natural to seek the path that guarantees your success. However, don’t get carried away because high-quality clients require extraordinary rental properties with services like after care for new homes. 

Besides, these customers are only willing to pay you for state-of-the-art rental properties. Anything short of that will attract lousy tenants. You are in luck because there are features that this shipshape clientele appreciates. These features include:

1. Security

Your property’s structure should allude to safety. It would help your cause if you fenced the whole establishment with sophisticated equipment. Installed CCTV cameras wherever necessary and had a security team at the entrance. 

Whenever you reassure your clients that the building is secure, let it be painfully apparent to them through the ideas above. After all, executive customers value the level of security you offer above all else. Moreover, they are willing to pay you the highest prices for this luxury. 

2. Location

Excluding elegant clothing and luxury cars, the location of your refined clientele’s residence is fundamental to their social status. In this regard, the location preferences differ from one person to another. As a developer, have diversity in your properties to cater to these needs.

 A family might rent property in the suburbs where it is quiet and roomy. On the other hand, young adults have an affinity for urban residences closer to shopping malls, night clubs, workplaces, and friends. Both clients will be willing to offer you higher rents for their needs. 

Additionally, they may overlook your property’s unimpressive features if it’s in the preferred location; coincidentally, the environment is also related to security. 

3. Ready for Move-In

Renters usually come to your doorstep when they are ready to move. Therefore, ensure all the properties you advertise are ready for occupation.  If you advertise a half-done residence,  you may come off as desperate and scare away potential tenants.

Furthermore, you have competitors who are ready to provide for these tenants when you are lagging. Increase your chances over them by being reliable at all times to potential tenants. Stay alert at all times because your business rivals will not spare any time to snatch them from right under you.

4. Open Floor Plan and Abundant Storage 

The young and successful renters you want to flood into your building enjoy thoughtful plans and realistic storage spaces. Understand that the  Open floor plan gained popularity for its simple aesthetic. Moreover, there is a consensus that whenever your residence has an open plan, its demand goes higher.

While most people understand that small living spaces maximize your profit, no one will understand the lack of cabinets and closets. Encourage your architect to incorporate the maximum amount of storage space possible. Your clients will appreciate this and possibly overlook your shortcomings.

Final Thoughts

Like all businesses, real estate demands your creativity, practicality, and customer-oriented productivity. Otherwise, you will get overlooked by the coveted high-quality clients. The above tips should lead you to stand out amongst your rivals.