Tag Archive: investments

Minor Upgrades that Boost an Investment Property’s Selling Rate

investment property gardenBig things can come in small packages and this philosophy applies to the real estate industry too. Believe it or not, it’s possible to boost the selling rate of an investment property without breaking the bank. With the wise choice of projects to prioritize and adequate knowledge about the current market and the needs of the assets at hand, it is very much doable. Care to find out what these minor upgrades are? Well then read on and find out.

  • Gutters

The roof and the property’s foundation are perhaps the most expensive things to repair and maintain. To protect them and avoid a costly dilemma, one has to invest in quality and durable gutters. Why? This part of the house ensures that water travels through and ends up where it needs to be: the drainage. If the gutter is damaged, ineffective or clogged up then rain water and snow will spew everywhere weakening the structural foundation.

  • Garden

It may seem unnecessary to some but the garden and lawn can tremendously add value to any investment. Sure landscaping can be pricey at some point but with nifty tricks, it can be done. For instance, the simple act of cleaning it up, mowing the lawn and trimming those bushes can already up the game.

  • Garage

Whether this space is used to park the car or to provide some other purpose (e.g. storage, gym and extra room), tidying up and fixing the garage is a worthwhile upgrade. This is because it gives an added space thus improving functionality.

  • Paint

Perhaps the simplest trick in the book but also one that makes a huge difference, painting those walls a better color can add value. Certain hues or patterns can add personality, space and dimension or even brighten up any room.

  • Storage

Properties without adequate storage space or units aren’t very appealing. The smarter they are and the better they are at maximizing space, the higher the value they tend to bring. This applies to pretty much all rooms but is more particular in certain areas like the kitchen, study and bathroom.

  • Windows

An investment property can rake in more value the more it provides access to natural light. Windows, rather the right type of windows, can make this possible. Other options may include glass doors or walls but those can be very pricey for most people.


Factors to Consider in a UK Investment Property

A UK property investment is considered to be a very wise decision considering that the country is known to be one of the world’s biggest and strongest economies. With a population and tourist number that’s pretty promising, demand for real estate assets is beneficial to investors. However, not all properties are the same. Some are more valuable, others can be expensive to maintain and there are also those that have very promising potential. Then there are the opposites.

With all that said, we decided to look into the details and list down the vital factors to consider when buying a UK investment property.

  • PURPOSE – There are different types of properties and each one serve a unique purpose. Make sure that the asset one buys or looks into fits the bill. It has to cater to the needs otherwise it will be a useless purchase.
  • LOCATION – As we all know, location is king. It speaks a lot about the value of an asset. Regardless of its purpose, location has to be convenient primarily in terms of transportation and proximity to significant establishments.
  • FEATURES – Some features to a home or an office building shall bring a huge bearing in one’s decision. Just see to it that such features fall into the category of need rather than pure want. The latter can play a role but it should not drive the decision alone.
  • SPACE – There has to be ample are for movement regardless if the property is for personal, commercial or industrial use. Cramped areas are a huge no-no.
  • UK-investment-propertyPARKING – It becomes a huge headache when parking space is limited or worse nil. A home may only need a few but a commercial space will demand more. Absence of it can drive customers away.
  • NEIGHBORS – The structures and establishments adjacent to, beside or within the area of the property is crucial. For example, buying a house in an area near a school, one’s office, a hospital and a transportation hub is divine. Also, the properties near it shall either increase or decrease its value in the long run.
  • SAFETY – This is a no brainer. Always make sure that the property is safe not only in structural matters but also in terms of the location’s crime rate and security levels.
  • COSTS –A UK investment property is deemed expensive too should it have high repairs and maintenance expenses, also known as ongoing costs. Make sure to look into this matter before closing in on a purchase.

Want more info on investment properties in the UK? Go to https://www.singerviellesales.com.