Property Investing - 41 Quick Ways to improve your Property Value & Return on Investment

There are 2 broad ways to make money out of property:

1. The increase in value over time – capital growth (prices go down as well as up)

2. The income from the property; your rent or cash flow.

These ideas may result in an increase in one or both of these factors. I’ve tried to focus on low cost, quick wins, with a relatively large benefit.

These have worked for me, and I always try to use at least some of them in each rental property I buy. Small changes can make a massive difference!

Take the emotion out of how you look at property. Think to yourself, “How can I practically generate extra income off this property?” Then brainstorm and write down the ideas that come to you, even the crazy ones! Think laterally; let the creative juices flow.

• Improve the driveway; tree lined and paving looks great!
  

• Improve the lighting – inside and out

• Put in an alarm system if there is need for it

• Add security gates if there is need for it

• Build a BBQ area

• Change a manual garage doors to automatic

• Change the kitchen cupboards if outdated – sometimes just a front can be put on at low cost and looks great.
  

• Replace the carpets

• Tile the communal areas

• Add an extra room

• Add an extra bedroom

• Divide a large room in 2 or rearrange a large rambling house into more compact areas.

• Get rid of clutter

• Convert the garage in to a granny flat

• Convert a storeroom into a bedroom

• If a room is dark add a skylight

• Plaster and paint face brick

• Put in insulation to make the house warmer and quieter – link

• Update the bathrooms

• Mow the lawn

• Paint the fence or replace it

• Replace the tenant

• Remove large trees if obstructing view, or plant large trees to create some privacy or shady spots

• Remove garden refuse

• Remove old wallpaper and paint the walls with inexpensive but good quality paint.

• A nice postbox to enhance curb appeal

• Add a fireplace even a good fake one

• Add a focus area to a boring lounge with a mantelpiece

• Fix guttering and down pipes, then paint them

• Weed the garden especially the paving

Well, I hope these ideas will be useful, as I say though they seem small they can make a big difference.  Let me know if you use any!

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