Best Tips to Add Value to a Commercial Property
Everyone wants to buy low and sell high, that’s the mantra of investing. For the most part, people don’t really know how to do these sorts of things and they basically say “Well, let’s just try it out and see how well it goes”. That is a bad mindset, you can get a lot more money for your house than you are probably thinking at the moment. Because for the most part a large amount of your property value may be decided by tiny factors that you may not even know about.
For example, did you know that simply underpricing by 10-20% lower than market price can cause a flood of bids, therefore dramatically increasing competition and increasing the potential selling price of the house? Other things you can try to do is to renovate, a simple 5,000$ renovation can go a long way surprisingly, I’ve gotten 10,000$ off of a 5,000$ targeted renovation, when I saw one of the main things people didn’t like about a house was the bathroom.
I targeted a 5,000$ renovation to the bathroom and got it all nice and well-sorted out, all of a sudden, the bids jumped by 10,000$ or more even! Other factors even include how well lit a house is, seems strange right? Having a better lit house can be easily achieved by substituting old light bulbs for new, getting better windows and making paint more colorful.
Not that difficult, eh? Only sets you back a thousand dollars at MOST for these sorts of renovations. You can even try getting some glass tinted to see if it appeals to any of your buyers from Armour Glass Tinting. I’ve always found that people can usually get around 5,000$ or more of extra value added to a property by these simple tips.