How to Increase Property Value
Are you ready to put your house on the market? Before you do, make sure you prep the property to ensure maximum profit. Property Wars buyer John Ray has made a name for himself by going after fixer-uppers that have an abundance of hidden potential. Here, the seasoned real-estate veteran explains how you can inexpensively increase the "wow factor" of your property by concentrating on the following four areas:
- Add a nice back splash. For a few hundred dollars, you can change the entire look of the room.
- Add or replace cabinet doorknobs. I like a silver or brushed finish for a modern look.
- Replace the faucet and sink. Look for discontinued or last year's style to save some money.
- Replace the vanity light fixture. Simple upgrades can change the whole look and feel of the room.
- Replace the outdated, glued-on mirror with a nice wood-frame mirror.
- If the tub or shower needs to be repaired or replaced, save money by opting for a spray-on finish that looks brand new.
- Save money by purchasing tile that's been either discontinued or that’s in limited stock.
- Buy from a small, independent retailer—they're more likely to negotiate the price.
- Have the tile installed in a diagonal or off-set (running bond/brick) pattern—this installation pattern will give off a custom look.
- Make certain you have great curb appeal
- Plant some flowers, install a new mailbox, add a new coat of paint to the front door, and cut back any overgrown trees or shrubs.
- Remember, you never get a second chance to make a first impression.
For more inspection and flipping tips, catch me on twitter @Property_John