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.

You May Also Enjoy

Breaking News

BREAKING PROPERTY NEWS – 19/08/2022

Daily bite-sized proptech and property news in partnership with Proptech-X.   Estate Agent Networking partners with Property Tech Show The ultimate property tech show is coming to London in February 2023 and Estate Agent Networking have been chosen as a media partner. The importance and the increase in interest of the subject #PropTech remains strong in 2022 and…
Read More
Home and Living

4 Reasons to Install a Loft Ladder at your home

While there’s no legal requirement saying that you need to have a loft ladder, investing in one can be incredibly smart. Sure, it’s perfectly possible to own a loft and make good use of it without a ladder, but it can become quite impractical at one point, especially if your family is growing or you…
Read More
Estate Agency delays
Software & Tech

Brief guide for managing time!

Time management is very important for everyone. It doesn’t matter what age you are and what kind of work you are busy with, it is important that you manage time. In the past there was no such way to keep track of time but today you have online time calculator by calculator-online.net and task manager…
Read More
Software & Tech

How Social Media Can Help Your Real Estate Business?

Selling or buying a property is a crucial decision. Most of us are full of doubts, queries, and problems while undertaking this endeavor. This means your clients are seeking someone who has more expertise than just a license to become a real estate agent. They are looking for agents who will look out for their…
Read More
proptech show
Breaking NewsProptech News

Estate Agent Networking partners with Property Tech Show

The ultimate property tech show is coming to London in February 2023 and Estate Agent Networking have been chosen as a media partner. The importance and the increase in interest of the subject #PropTech remains strong in 2022 and industry experts expect this trend to continue through 2023 and beyond. 15 – 16 Feb 2023…
Read More
property price crash looming 2022 2023
Estate Agent Talk

MSN Scaremongering again? Property Market Crash reports

We all know, or at least by now should be waking up to, that MSN delivers mostly inappropriate / fake news and are countless times accused of political agendas when it comes to reporting on what’s going on in the world. What newspaper can refuse a controversial headline these days regardless to how legitimate the…
Read More