Upgrading Your Second Property In the Right Way

Investing in the property market is an excellent way to earn some extra money and take on a career that you’re passionate about. However, when it comes to upgrading your second property for future sale or rental, you need to make sure you’re going about it in the most cost effective way. Whether you’re a new landlord looking to step into the world of real estate, or you’re genuinely looking for ways to improve your second property so you can increase the sale price or rent, some of the following ideas will help you to make those all important decisions.

Expand and Extend

If your current space feels awkward, clunky or unnatural, it might be worth doing a complete overhaul with the help of an expert. Investing in this now will bring you long-term results for the future rather than “making do” with an inadequate space. You may want to look into architects in your local area, and discuss how you can turn your visions into an attractive and enticing property. When you opt for a unique design or layout it can boost appeal when you eventually put it onto the market for sale or rental.

Consider the Best Features of Your Property

When you’re looking to upgrade your second property, you need to understand the type of people you’re hoping to sell or rent to. For example, if the property boasts a huge kitchen or master bedroom you may want to appeal to couples or families. Capitalising on the most attractive features of the property can really help to drive the rental or sales prices up, as it’s what your target client is looking for.

Don’t Forget Your Outside Space

Outdoor space is very important to consider, especially if you’re planning on renting out your property. You may want your tenants to be in charge of maintaining the outdoor space, which could become time consuming and costly for them. If you’re looking for a low maintenance option for your outdoor space, you may want to consider artificial grass if your property has a garden. This will help your tenants to stay on top of any outside maintenance and it will keep your house looking neat and tidy all year round.

Playing the Long Game

When you own a second property, it is important to consider your long term goals and how you can make decisions now that will serve you in the future. Don’t make the mistake of choosing the cheaper, quick fixes as this may end up costing you more in the long run. Choose wisely and invest more money now, so that you can get a better return in the future.

With these ideas in mind, your second property is bound to undergo the makeover it deserves. Whether you’re looking to completely change the layout with the help of a professional architect or you want to make small, cost-effective changes that last for the long haul, these steps will help you to achieve a profitable and appealing property to put on the market.

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. As an Amazon Associate, I earn from qualifying purchases.

You May Also Enjoy

Breaking News

Popping the Asking Price Bubble

Where in the Uk Can Buyers Snap Up Property Bargains and Where Properties Go for a Premium Above Asking Price   New research from fast selling property company, Upstix has uncovered the UK’s most surprising postcodes for snapping up a property at bargain prices this year, highlighting a widening gap between sellers’ expectations and the…
Read More
Rightmove logo
Breaking News

Highest demand to lease office space since pre-pandemic

The latest insights from the UK’s number one commercial property website Rightmove, reveals that the number of unique enquiries to lease office space is at its highest point since pre-pandemic, as businesses look for spaces that meet modern requirements. Demand to lease office space is 19% higher than the same period a year ago and…
Read More
Planning disputes on new build land
Estate Agent Talk

Planning consultations for major infrastructure to be streamlined

Robert Bruce, a planning and infrastructure partner at law firm Freeths LLP, said he: “Welcomed the change as a significant step to speeding up the DCO process and the focus on the quality and effectiveness of the consultation, rather than box ticking and a risk averse approach to pre-application consultation due to the current legal…
Read More
Breaking News

‘The property ladder pulls further away’ warns Open Property Group

For many first-time buyers across England, the dream of homeownership continues to slip further out of reach. Despite rising wages, soaring house prices are making it harder than ever to get on the property ladder. A leading UK professional house buying company ‘Open Property Group’ based in Buckinghamshire UK, has raised concerns over the ongoing…
Read More
Estate Agent Talk

How Long It Takes to Buy a House in the UK: 5 Common Delays That Can Slow Down Your Home Purchase

Wondering how long it takes to buy a house in the UK? The average timeline ranges from 8 to 22 weeks, but even that can stretch significantly due to unexpected delays, especially if you’re a first-time buyer or caught in a chain. That’s why working with experienced professionals like Belvoir — one of the UK’s…
Read More
Love or Hate Rightmove
Breaking News

Rightmove to host Renters’ Rights Bill webinar with Guild of Lettings

Rightmove is hosting a live and interactive webinar session with the Guild of Lettings to help agents get Renters’ Rights Ready. The webinar will take place from 10:00am – 11:00am on Wednesday 23rd April. Susie Crolla, Managing Director for the Guild of Lettings, will be joining Rightmove to help agents with questions they may have about…
Read More