How to renovate a building to make it more marketable?
The renovation It is a very important phase in the real estate transactions.
When you buy houses for resale or rent, you must be very adept at making the right choices, considering all aspects of restructuring.
You must be able to pay maximum caution on details and at the same time to have a overview always clear, so that everything goes well.
I already told you the real secret to revalue a property with restructuring. Now I want to give you some more specific tips and make you understand how you can set the work to transform your property into a well palatable and salable on the market.
Here then my 3 tips for successful restructuring.
1. Fa’ the right (nor too, nor too little)
The first bit of advice I want to give you may perhaps seem a bit 'obvious and banal, but I assure you that it is a error where investors often stumble novice.
When you're in the midst of a real estate transaction from which you derive a profit, sometimes you've got to do superficial choices O, Unlike, too accurate.
You must be careful not to fall into neither of these extremes.
Sometimes we tend to make choices approximate and you end up in a renovated property but it is not managed well. Other times it tends to go overboard with the restructuring, and we rely on the hope of mark that you will get from the sale or lease.
In both cases, you can greatly affect your ability to gain and increase risks of yours investment.
An experienced investor knows how to "dispense" a renovation project and knows how to do it with precision for each individual property.
Each house, indeed, It is different, and every investment has its distinctive features, as the type of gain, area, the recipient, costs and revenue: you have to consider all these factors when defining the renovations.
Then: enhances property but without overdoing.
Create an accommodation functional and aesthetically cozy, that you can never perceiving a work surface at the base. At the same time, always take your decisions on the principle of simplicity, with details adaptable to anyone.
Even if you plan a recipient-type, indeed, you can not know the tastes of those who actually will buy or rent property. So yes the quality, ma personalize too and intervene with modifications as neutral as possible.
2. Choose materials and colors suitable
The choice of materials and colors can hinder the marketability of your property.
This advice is in fact directly connected to the previous. Making of balanced choices also it means focusing on the materials and colors appropriate.
Who is "dirty hands" in the field every day makes those decisions now in a completely natural way, failing to identify the most suitable solutions for the restructuring of a specific property, with the best value price / quality.
You must first know how to choose the right material for every room and every detail housing (such as flooring and bathroom tiles), taking into consideration the area and the recipient, so the real market value.
Furthermore, it is important that there is consistency in choice of materials between the various areas of the property: should not all be equal, obviously, but there must be harmony within each room and from one room to another.
The walls, the floor, the ceiling, Windows, the baseboard, even the door handles: Nulla Goddess "Stonare".
Before I told you not to customize too. Good, also true colors: the choice of colors should be well studied and as much as possible "aseptic".
Just because you do not know exactly who will be your buyer or tenant, you have to use the colors and paints that can easily adapt to everyone.
Your purpose is: presenting a house not impersonal but not customized.
Lo so, is by no means a simple task. In fact it is a technique that requires precise skills and that only after much experience you can master.
Through the right color solutions must be able to create a property that has its own personality, but it is highly customizable by those who will live.
You can also follow the latest trends industry, but you anyway properly evaluate if a very popular color at that time can play in your favor or not.
At this stage you can also happen to be guided by your personal tastes. It is one of the most frequent mistakes in real estate investments. He 'careful and choose objectively or is likely to have serious problems when you propose the property on the market.
I suggest you always prefer the Light colors and neutral colors. This is what we often do in our real estate, using colors like light gray, beige and various shades of white.
This solution allows us to create a sober environment but without "hospital effect", and that leaves room for customization of the recipient.
As for materials, and remember to follow a pattern for all housing, creating harmony of colors and tints between the various zones, no marked differences too.
Finally, these tips apply also for materials and colors of 'furnishings.
3. Use of the option value
This is the only aspect in which you are allowed to overdo it a bit ' (but not too much).
In the renovation project you should provide for the inclusion of some optional, ie of the elements capable of differentiate much your immobile.
There are indeed many small steps that, even with low fees, They allow you to make to increase the perceived value Property for those who will come to visit. This will allow you to sell or make much faster income.
My advice is to always raise a little 'to the property level you're working on, compared to the other present at that time in the same area.
All this you can do it just with the optional. Eg: a paving with parquet or a system of lighting with LEDs. In our operations we often use wooden floors and countertops with LED spotlights and we can now get a significant improvement in the property.
Maybe they seem choices already a bit 'more specific, but in fact they are among the solutions adaptable to most people and, rather, They represent that extra touch to make the property attractive.
So you can understand how important it is to know how to distinguish the optional risks with which to customize too, from those that give a value added.
Finally I'd like you to touch more closely as I explained to you. Read case study ours real estate transaction Milano Monochic and see how we valued the property through renovations.
