When needing your properties to be sold, finding the right real estate agent is very important. This will determine the success of the over-all transaction. You sure want to make the most out of the deal, right?
Upgrading a property can be an expensive experience if you’re not careful.
Therefore, you’ll want to make sure you’re getting the most for your money by investing in upgrades that will yield actual results.
Looking to sell a house or just improve a property’s value? Read on to find out which property upgrades will yield you and your family the most value.
Cook Up Some Property Upgrades
Everyone loves a gorgeous, spacious kitchen. One of the best ways to increase property value is by investing in property upgrades for the kitchen.
When it comes to purchasing a home, many say that the kitchen is the most important consideration. The right kitchen can do wonders to set a home’s atmosphere, so make sure to spare no expense.
And while that may sound daunting, you can expect to recoup most of the cost back. Kitchens have a notoriously high ROI rate, so expect a pretty decent profit.
Consider investing in smart or green appliances, as well as finished wooden shelves.
While kitchens and bathrooms tend to yield the highest returns, curb appeal is a quick and fairly cost-effective way to boost value.
But what exactly goes into creating the all-important curb appeal?
Landscaping, for one. Properties need to be well-maintained if they’re going to attract buyers. Professional landscaping can do wonders to improve the aesthetics of a property, particularly during the summer and fall seasons.
However, that entails more than just a well-maintained lawn. Add a beautiful walkway to the front door or re-do the parking lot if you’re managing an apartment complex.
Finally, consider adding some lighting along the walkway. This is one of the biggest trends among curb appeal enthusiasts and for good reason. It makes an average home look stunning when it’s lit up.
When it comes to curb appeal and property upgrades, have fun and get creative! Think big, it may pay off.
Ever wish you could get more space out of a home? Try the basement. Finishing a basement is among the most worthwhile upgrades a property manager can invest in, as it doubles as storage and an extra room.
We’re currently living in the era of “Man Caves” and “She-Sheds- areas that people rely on to get rest and relaxation. A finished basement is the perfect selling point for buyers looking for a little space of their own.
Install carpeting, include heating and AC, and implement brand new lighting fixtures. You can expect a 69% ROI for your efforts.
Just be sure to check for any leaks before calling it a day. Moisture is a huge concern, so keep buyers happy and healthy by fixing any leaky pipes or mold.
Finding an agent in your area doesn’t need to be a hassle. Let us help! We’re dedicated to putting you in touch with the best and brightest agents in your area.
Property management has no advanced education requirements and an expected 11% growth rate over the next decade. That makes it an appealing career option for many.
You get the benefits of a mostly white-collar job, like working in an office most of the time. Your non-office work typically consists of showing properties. Plus, you get to take a pass on the anchor of student loan debt.
The part that most people struggle with is getting started in rental property management.
Keep reading for some tips to get you started.
Get Familiar with Fair Housing Laws
The federal government has passed a number of fair housing laws. The goal is to make sure everyone can get access to the same housing. A few better-known guidelines include not discriminating based on:
In addition, you may also be subject to state and city-specific fair housing laws. You need to familiarize yourself with these laws and what they prohibit.
Studying will help you organize the knowledge you already possess on the subject. It will also show you your weak spots.
For example, you might do fine preparing paperwork but struggle with the financial side of the job. Knowing that lets you brush on the core finance skills.
The certification also helps to polish your resume. It makes you look like someone who takes the job seriously.
Embrace Time Management
It’s common for people new to rental property management to end up managing a number of small properties. This can prove a recipe for working 60-hour weeks and still feeling overwhelmed.
It’s easy for small tasks to distract you from important tasks. Good time management is really about setting priorities and blocking out time to deal with them. That means building a schedule and sticking to it.
You can’t manage your time if you don’t know when and where you’ll spend it.
Target Your Rental Property Management Work
It’s also common for new property managers to take any work anyone offers, just to get some money coming in the door. This impulse is understandable, but also impractical in the long run.
Six properties spread out across a decent sized city will kill you with commuting. Your preferred lawn care service, handyman, or plumber might only work in certain parts of the city. That means juggling different service providers and remembering who works where.
Working in a targeted area limits those problems.
Take Advantage of Technology
Technology is, to borrow a military term, a force multiplier. It lets you accomplish more using the same amount of time and energy. Yet, most people only use a fraction of what most technology offers.
Dig deep into the software and apps you already use and see what they can really do. You’ll probably discover that they’ll let you manage more properties and still get home in time for dinner.
Being tech-savvy also makes you more attractive as a property manager.
You can get started in rental property management.
You need to get familiar with fair housing laws because no one wants to get sued. Certifications and being tech-savvy make you look more professional. Time management and targeting your work to an area are basic survival skills for the job.
eFind Agent specializes in pairing property managers with property owners. If you’re a rental property owner and don’t feel ready to manage it yourself, contact us today.
Using the internet as a way to get our various needs has been growing very common nowadays. When it comes to real estate property sector, this is also not new. Through the website of efindagent.com you will be able to find the agent that will be most suitable based on your needs.