Tips for Enhance Salability for Your Condo Investment Property

0
Tips for Enhance Salability for Your Condo Investment Property
© Peter Cuypers

If you’ve invested in a condo, with the intent to put it on the market for resale, there are some strategies that you need to consider employing to ensure that you make the property as saleable as possible. While many real estate professionals and realty analysts are firm in stating that this is a seller’s market, that does not mean that a seller can rest on his or her laurels and think a turn-around sale can be done without reasonable efforts.

Tips for Enhance Salability for Investment Property

The Exterior Matters, even for a Condo

A common mistake made by a real estate investor who desires to sell a condo property is overlooking the importance of the exterior in certain situations. Overlooking exterior occurs most often in high rise condo developments, of course, as the owner of condo in a high rise or similar type of structure, you have no real control over common areas. For example, if the common areas are in disrepair or not otherwise up to par, that will impact the market value of the unit you purchased as an investment and now desire to sell. Your objective is to minimize this prospect. You can take some minimal and yet essential steps with the exterior of your investment condo in a high rise or similar structure in advance of putting it on the market. For example, you can ensure that the door to the unit is of high quality and in good condition. In most condo buildings you are able to add some accoutrements at the door to your unit. For example, depending on condo association guidelines and space in the hallway, you may be able to do something as simple as add a petit table next to the entryway and include an appropriately sized plant on it.

Studioninedots completes smiley zeeburgereiland apartment complex in amsterdam
© Peter Cuypers

Spruce Up a Condo Interior

You will also want to take some steps to spruce up the interior of an investment condo before putting it in the market for sale. You can do this without spending a considerable amount of money. In other words, assuming the premises are in relatively decent repair, you don’t need to launch into some sort of major rehab project. Simple and affordable steps you can take to spruce up the interior of an investment condo include a fresh coat of paint. In this regard, rely on more neutral colors so that you provide prospective buyers something of a canvas onto which they can envision their own decorating of the condo. Pay particular attention to ensuring that the kitchen and bathroom or bathrooms are up to speed. You may be able to accomplish this by taking steps as simple as replacing faucets and cabinet hardware.

Apartments hühnerposten, hamburg-hammerbrook / tchoban voss architekten
© Daniel Sumesgutner

Condo Staging

When it comes to strategies that make your investment property more appealing, priority must be given to the manner in which you stage the space. In the final analysis, a suitable staged property sells far more quickly than one that is left in an as-is condition. With residential investment properties, that as-is condition oftentimes is vacant and empty. Empty is as ineffective as a cluttered unit. Consider expending a bit of money on the services of a staging professional. A pro can not only develop the appropriate staging scheme for the property but assist in finding rental furnishings you can use while the premises are on the market for sale.

Previous article 19 Beautiful and Peaceful River Cabins to Inspire You
Next article The Modern Features that Will Help Sell Your Home This Year
Anton G.
Anton joined Architecture Lab in 2017 and ever since the platform grew exponentially becoming the global reference point in design for creatives around the world, ranging from DIY enthusiasts to interior designers, architects, engineers illustrator and design amateurs. <h5><strong>Highlights</strong></h5> <ul> <li>Anton joined Architecture Lab in 2017</li> <li>Founder of <a href="https://homesthetics.net/" rel="nofollow">Homesthetics Magazine</a> | 2012</li> <li><a href="https://www.architecture.com/" rel="nofollow">RIBA licensed architect</a> with a background in online marketing</li> <li>Co-founder of the <a href="https://sculpta.ro/">sculpta.ba</a> architecture practice</li> </ul> <h5><strong>Experience</strong></h5> As sheer idealist architect, Anton founded in Homesthetics Magazine to save his favorite, inspiring architecture and design projects, post by post the website slowly grew into an authority in the niche, shaping years of marketing experience for the architect. Since 2017 his expertise has pushed Architecture Lab to new highs, greatly increasing the area of expertise of the website by inviting certified experts into the team and refreshing the curatorial process in his commitment to ensure the most trustworthy advice possible in the realm of architecture and design. <h5><strong>Education</strong></h5> Anton received <a href="https://www.uauim.ro/facultati/arhitectura/alumni/promotii/2017/">UAUIM's Master of Architecture in 2017</a> with an emphasis on Restauration and Industrial Heritage. <blockquote><strong>TITLE</strong> | CEO of Architecture Lab</blockquote> <h5><strong>Other Works</strong></h5> https://www.mymove.com/home-inspiration/trends/can-design-describe-personality-owner/ -MyMove | Previously Freshome https://www.e-architect.com/romania/mora35-a-sophisticated-home-bucharest - E-architect <h5><strong>About Architecture Lab</strong></h5> Architecture Lab is a MKR.S Media brand, a website devoted to extraordinary design and aesthetics aiming to promote exceptional aesthetic values and sustainable design in all it’s shapes and sizes. Learn more <a href="https://www.architecturelab.net/about/">about us</a> and our editorial process and feel free to contact us if you would like to see something in particular on the website, our certified experts will get back to you with the most trustworthy advice as soon as possible. <h6>Read <a href="https://www.architecturelab.net/author/anton-giuroiu/">all articles by Anton</a> | Follow him on <a href="https://www.linkedin.com/in/giuroiu-anton-26354867/" target="_blank" rel="noopener">LinkedIn</a></h6>

No posts to display