Many investors purchase properties low with the plan to sell high. Appreciation in real estate markets contributes to higher values. Yet, the more an owner can do to make their property appealing, the faster the appreciation will occur. Improving the return on investment (ROI) can be done without just waiting on real estate markets to create value.
Return on investment is derived from creating real value. When buying a property, with the idea of quickly selling it (commonly called “flipping” ), the investor needs to think about creating value. The following is the first of two posts on ideas that provide a return on investment in excess of the cost and normal real estate market appreciation. Of course, this is very subjective and not every property or buyer will have the same results. But, this checklist of ideas most likely contains some value-enhancing suggestions that will assist the investor in finding a buyer faster. Or hopefully improving the price a buyer will pay.
Most of these are inexpensive suggestions that can easily be accomplished. They are things to be considered after the obvious structural and mechanical issues are addressed.
Curb appeal is still one of the most important issues with any house. Many buyers will not even look at a home if they do not find the outside appealing. What can be done to make the outside more attractive and create value?
Our next post on this topic will review easy ideas for making the inside more appealing. Increasing the return on investment is your goal. What does a potential buyer see after stepping through that new front door entrance?
WILMOTH Group is headquartered in Indianapolis and Fort Myers, Fla. WILMOTH Group focuses on providing creative local solutions for a variety of residential real estate needs including, properties for sale, property management services in Indianapolis, and short-term management services in Tampa and Fort Myers.
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