6 Quick Ways To Boost The Value Of Your Property
Thinking about selling your NYC property? How can you boost the value and potential sales price fast and efficiently?
Here are six ways you can elevate the value of your property to a potential buyer…
Doors & Door Hardware
Doors can make all the difference in the experience of showing a property, marketing images, and the perceived value of a property. They are also among the cheapest and fastest improvements to make. Depending on your building you might replace lobby doors, individual unit doors, repaint or just replace the hardware.
We’ve all heard about curb appeal. Again, continuing from the above; this is a fast, easy, and affordable way to boost value and bids. Depending on the style of property and lot this may involve new landscaping, resurfacing drives or parking spaces, planting new trees, or even perhaps painting the exterior.
Signage can absolutely make a significant difference in appeal to both prospective buyers and tenants. Is it new and clean? House numbers, building name plaques, for sale signs, and even street signs can matter.
Highlight the Perks & Advantages
Sometimes adding value is just about making the advantages clear. If you don’t tell them, don’t expect them to just know. Maybe your property offers lower taxes, better views, superior proximity to transportation, or is wired for high speed internet. Make sure this is clear in your advertising materials. You may even want to recruit a professional freelance writer and designer to help.
How the property is presented and positioned is a big deal. Who is it for? Is this just another average home or apartment building? Or is it for trendy tech geeks, fashion designers, wealthy students, or CEOs of big Fortune 500 companies? You can show this with the improvements you make, the property descriptions you write, photos taken, and where it gets featured.
Rents & Tenants
If this is an investment property, then much of the value will depend on the rents and tenants. Perhaps you have the opportunity to raise rents before a sale. Maybe you can terminate leases and deliver some units vacant which can be rented at higher market rates.
Look out for more power tips like these in your inbox so that you can sell our NYC property for the most money, in the shortest period of time.
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