4 Steps to Expanding Your Property Portfolio

Property development is a life-changing investment process that can leave you making masses of profit in exchange for hard work on someone’s future home.
However, expanding your property portfolio can be a long process, so ensuring you do it well is essential. If you want to get started on growing your property empire, here are four top tips that will give you the success you crave.

1. Research the Market

In real estate, the market is always changing and fluctuating. Whilst the prices of property can go up and down, so can trends. Many period properties have stood the test of time, and are widely considered to be timeless investments.

Some property developers will install imitation period features into their properties such as fireplaces and sash windows to build value into the home. Retailers like Direct Fireplaces can provide authentic-looking fireplaces for your renovated home that will bring back some of that period charm.

2. Study an Economics Degree

By understanding how the rise and fall of the economy works, you will be able to better understand the way that the housing market will rise and fall accordingly depending on the economic status of the country.

By studying flexibly through providers like Signum Magnum College, you can complete your PhD in your own time around your commitments to expanding your property portfolio, so you can continue to achieve without breaking a sweat.

Alternatively, Signum Magnum College also offers various Business degrees. Whether you’re dipping your toes into the world of cost and profit, or are a seasoned professional, there’s a degree for everyone from bachelor’s courses all the way up to doctorate degrees.

3. Keep the Decor Neutral

The key to developing properties is to keep the finished decor neutral. This will present potential buyers with a “blank canvas” to decorate the home the way they choose. For this reason, opting for magnolia or other neutral colours will help the house to look more spacious and bright.

If you need high quality paint testers to check which colour you need for your properties, retailers like B&Q offer a range of emulsion paints and their testers so you can have peace of mind when deciding which paints will make your property shine.

The other advantage to selling a developed property is that installing brand new facilities in the bathroom like a shower, bath and toilet will mean that the home is more likely to sell. The convenience of brand new facilities is more likely to appeal to a family looking to buy a long-term family home than a fixer-upper.

4. Employ a Good Real Estate Team

If you’re an individual who is likely to sell multiple properties in close succession, having a go-to team of real estate professionals can make your life a lot simpler when it comes to selling your properties.

Not only can this mean that you will sell your properties faster, but these professionals will know you well and work with you often enough to streamline the selling process, meaning you spend less time on the administration and more time developing your property portfolio.

Do you have any tips for expanding your property empire? Share your thoughts in the comments section below!

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website.

You May Also Enjoy

Home and Living

How to Protect Your Property from Flooding and Water Damage

Flooding and water leaks can cause significant damage to your home or office. However, many issues can be prevented by taking proactive measures to protect your property. In this article, we’ll explain how to minimize risks and prepare for potential water-related threats. 1. Inspect and Maintain Your Plumbing System One of the most common causes…
Read More
Breaking News

ONS House Price Index – November 2024

Headlines Average UK private rents increased by 8.7% in the 12 months to October 2024 (provisional estimate); this is up from 8.4% in the 12 months to September 2024. Average rents increased to £1,348 (8.8%) in England, £766 (7.9%) in Wales, and £976 (6.6%) in Scotland, in the 12 months to October 2024. In Northern…
Read More
Breaking News

Foxtons Lettings Market Index October 2024

Headlines October saw the highest level of new stock entering the market, with an 8% increase from last year, the highest increase in four years October’s demand is marginally lower than last October and decreased 32% from September, as expected during this time of year Following a yearly high of £593 per week this September,…
Read More
Breaking News

Breaking Property News 20/11/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Proptech powered lettings service for BTR developers needing pre-approved, quality tenants at speed gets funding A proptech-driven letting agent has secured close to £500,000 during its first equity investment raise. Property Sense, headquartered in Stockport but operating nationally, secured the half a million pounds in…
Read More
Kerb appeal
Estate Agent Talk

Why November and December are the best and most affordable months to buy

Buyers and sellers looking for the right time to move can consider top reasons from property experts to start the process this November and December. The autumn and winter months may not be the first that come to mind when considering a move, but potential buyers and sellers can be reassured by the experts that…
Read More
Breaking News

Farmers protest outside Westminster today in anger at the IHT ongoing debate – expert legal view

With today’s news about farmers set to protest outside Westminster in anger at the IHT ongoing debate, Tom Gauterin, Director at national law firm Freeths, said: “Although it is good to hear Mr Reed last week suggest that the Government is listening to farmers, today’s protests would suggest otherwise with the extent of their concerns…
Read More