Investment Property: Upgrades That Don’t Hurt Your Wallet

investment-property-upgradesRenovating and upgrading your investment property is not a piece of cake, work-wise and money-wise, which is why it’s important for you make certain that every penny spent actually adds to the asset’s value.

But are there any valuable upgrades that won’t hurt your wallet? Yes there are and you’ll be surprised why you haven’t thought of them first. Here, take a look at some of them.

  • Spruce the Walls

Who knew something as simple as paint could do so much? A fresh coat of color can instantly brighten up and refresh any space. You can go as simple and versatile or bold and daring. You don’t even have to repaint every square inch. Have fun with accent walls or use stencils for that wallpaper effect at a much cheaper cost.

  • Rehash the Front Door

The entryway packs a lot of punch to every property. Not only does it impact initial appearance on the exteriors but it’s the welcoming aspect of it all. But not all of us have the time and resources to give the exteriors an overhaul. An easy fix? Do your front door. It can do more than you’d expect.

  • Change the knobs.

Pick consistent door knobs throughout your home. You may however choose unique ones for the entryway. You may also want to consider replacing knobs on cabinets and drawers with better ones. A lot of classic, vintage, quirky and versatile designs have been popping out lately. It’s a little touch up but small details go a long way.

  • Improve your light switch plates.

Just because it’s functional doesn’t mean it has to be boring. There are ways for you to make them less of an eye sore. Pick plates that are the same color as your walls. If you don’t want to spend then you can just unscrew them and use spray paint for an ever cheaper fix. If you want to play it up a little, cool designs are available in the market too.

  • Increase storage space.

Think your space through and take advantage of every square inch of space. Add shelves, cabinets and drawers where possible. Use vertical storage units to maximize the area. You can of course buy them at stores but you can bring out the DIY diva in you and build your own.

  • Add some plant magic.

An investment property gets an instant retouch with the addition of plants, whether interior or outdoor. You can increase curb appeal just by manicuring your garden, mowing the lawn and upping your landscape game.

Questions to Ask When Looking at Retail Investments for Sale

retail-investments-for-saleA retail property pertains to real estate assets that serve as the front line of the business. In other words, they house that part of operation that involves the actual sale of goods and/or services. Common examples would be shops that sell anything and everything under the sun, shoe boutiques for example or a grocery. If you’re an entrepreneur and you’re looking at potential retail investments for sale that you can add to your portfolio, here are a few questions to ask yourself before taking the plunge.

  • What are the needs that must be satisfied?

The purpose behind the acquisition must be clearly defined and spread out. This enables you to set your sights straight and avoid taking any detours. With so many options, it can be overwhelming so knowing your needs is a must.

  • How much can we afford?

Financing for a big ticket item such as a retail space will require adequate cash. You should have a firm grasp of the digits not only in terms of how much will be needed to push through with the purchase but also how much you can and are willing to spend. Look into your financial standing. Where do you lie?

  • What type of financing will be needed?

Most often than not, funding for a retail property investment is done by virtue of a combination of sources. It can be in the form of retained earnings, income or even credit.

  • Does the location of this property spell benefits or trouble?

Location as they say is king. They speak a lot and affect a good chunk of the asset’s potential. There’s convenience, foot traffic, value appreciation, demand, safety and security and the list goes on.

  • How much ongoing cost does it require?

Have a professional measure an accurate estimate of the asset’s ongoing costs, that is the repairs and maintenance expense requirements to keep the place functional and productive.

  • Can it further exposure of the brand and its products?

Back on it with location, how well situated is the place? Check to see if there are complementary or even competitor establishments, shops and businesses beside, adjacent to or nearby the property. They can make or break the demand and your profitability in the long run.

  • Which area or part of the market can it serve?

Last but not the least; you have to determine which part of your market the retail investments for sale will satisfy. Depending on your type of business, you’re going to have to make decisions based on your audience. Even the type and location of your store will affect it.

Check out https://www.singerviellesales.com/properties/category/retail.

Mistakes to Never Do at Property Auctions

Property-Auction-FinanceProperty auctions are known to be quite a popular avenue to buy and sell real estate assets of all kinds.

By definition, it is an accelerated means to trade properties through an open cry competitive bidding. Of course, the highest bidder gets awarded of the rights to the acquisition. It is an effective and viable means to end up with a good deal but expert bidders and auction participants know too well that a simple slip or fallout can mean a loss. So to avoid falling into the death trap, below is a list of mistakes to never commit at all costs, brought to you by Singerviellesales.com.

Never prepare financing at the last minute. – Before taking an interest to offer, make sure that you have the assets to finish the exchange if you ever end up as the winning bidder. In many auctions, a security deposit will be asked and a winning bidder will be required to pay forthright expenses with the rest to be paid depending on the agreement of the contract, oftentimes in monthly intervals. Failure to comply shall make forfeit the winning bidder’s rights.

Never forget to set a limit. – As a rule of thumb, make sure to set a price range before going into battle. What are your financial capabilities and limits? How much are you capable of bidding and to what extent are you willing to? This makes sure that you don’t go overboard. It can be an emotional roller coaster out there. This is your safety net.

Never forego the budget phase. – One has to make sure that all financial resources obtained for the auction must be used accordingly. This is applicable even if one only wishes to buy a single asset.

Never bid blindly. – Abstain from buying without first assessing and checking. Before the bidding date itself, have a full handle about the properties you wish to acquire. You should double check that it is for sure what the seller presents it to be. Have it examined and reviewed to assess genuine worth, condition, useful life, ongoing costs, legal issues and more. In fact, go ahead and pay it a visit ahead of time to see it for yourself.

Never show your cards. – What we mean here is that during commercial investment property auctions make sure to avoid divulging sensitive and significant information. Don’t tell anybody, not even the agents, of the amount you intend to spend on the closeout or in any of the properties being advertised. Keep in mind that agents and sellers can use such information against you to profit more. Good for them but not so for you. Plus, telling other bidders of your plans is an obvious case of suicide.

Characteristics of a Profitable UK Property Investment

profitable uk investment propertyGetting a quality UK property investment is crucial if one wants to prosper in the business of real estate and this applies regardless if you aim to resell or to lease out the assets in your portfolio. After all, you cannot expect to win if what you have is lackluster, right?

So to help you get on track at the onset, we give you the following characteristics of a profitable UK property investment. Gear up and be sure to take down some notes.

  • Location – This is perhaps one of the most important aspects that any investor must look at. There is actually more to location than meets the eye. Depending on the type of property and the market to which it was intended to, the site preference will vary. For example, a commercial asset will be better off somewhere with heavy foot traffic while this may not be exactly the same for residential spaces that need some peace and quiet and at the same time travel ease.
  • Convenience – Another factor that is very crucial is the convenience of the buyers or users with the property. Is it in close proximity to significant establishments and structures? Would transportation be easy both by driving and by public commute?
  • Safety – The building and the land must be safe enough for occupancy therefore structural integrity must always be assessed. Moreover, the neighborhood itself must also be safe and secure. Check the crime rates and even the potential for natural disasters.
  • Space – Is there enough space both inside and outside the property? How about in and out of the building? It would be particularly hard to sell or lease out something that’s too tight and cramped. Nobody wants to live and work inside a matchbox. Don’t forget that space also applies after all furniture and equipment have been settled in.
  • Resilience – Is the asset sturdy enough? What is its useful life? Does the building follow safety regulations and standards? Surely, nobody wants to invest in something that’s not bound to last long and provide decades of benefit.
  • Practical – Lastly, choose a UK property investment that is practical in a sense that it is reasonably priced. At the same time, find one that comes with low ongoing costs. These are the repairs and maintenance expenses expected to be spent on a regular basis after the purchase. If they are too high, chances are the return in one’s investment wouldn’t be as promising.


More on investing here: https://www.singerviellesales.com/