Tag Archive: investment property

Maintenance and Repair Tips for Your Investment Property

investment property maintenanceOwning an investment property is serious business. There’s a lot of responsibility that goes with it and that includes repairs and maintenance.

Upkeep says a lot in terms of how long an asset shall remain functional, how sturdy it stays through the years and how financially valuable it becomes. With that said, the following tips would surely come in handy. Take a look.

Prior to a purchase, have ongoing costs estimated. – When looking around for a property investment, it is important to have a chartered surveyor gauge and estimate the ongoing costs needed in it. This shall give you an idea as to how much the upkeep will require of you. Some assets may seem affordable at the upfront but have staggering repair and maintenance costs so in the long run they become very expensive and burdensome.

Always check the condition of your roof. – It’s a huge project on its own plus it can be very pricey so you won’t want to end up having to replace it sometime soon. This is why a regular inspection should be done at least monthly to address immediate repairs and avoid the problem from getting worse. The winter months could be particularly harsh.

Pay attention to your pipes. – Plumbing is important because it keeps the water where it should be. Busted pipes can make you end up with an indoor pool of sorts. That’s not only a huge mess to clean but it also poses risks to your furniture. Address any leaks immediately.

Keep moisture at bay. – Rain, plumbing leaks and any other type of moisture and humidity spell trouble as they can cause cracks to your walls, rotting of wooden floors and other dilemmas. How do you do this? Clean out your gutters to ensure that rain water or snow does not accumulate in. Seal your bathroom caulk to prevent moisture from entering your walls. Check the caulking on your windows and doors as well.

Invest in warranties. – When buying equipment and furniture, invest in the purchase warranties. Repair costs can be expensive in the long run but with such a prepaid spending, it gives you more leeway and less financial headaches in case something goes bust.

Build relationships with your professionals. – Chances are you are going to hire the same people to work on your investment property’s repairs and maintenance. This makes it a good idea to build a relationship with such parties and companies. This way, you get first dibs on discounts and you also get to have people who know your property best.

How to Market an Investment Property for Sale

investment property for saleWhether it’s your line of business or you’re simply disposing off an idle piece of asset, marketing an investment property for sale is crucial to success. Think about it. Regardless of how valuable and aptly endowed a certain asset is, no buyer will consider it if they didn’t know that it was up for grabs in the first place. You have to put the word out there and you need to do it right. Effective marketing can get you a deal even more than you initially expected. To give you a few ideas on how to achieve such feat, read up!

Place a noticeable sign up front.

This method is the least costly and all you will ever need are items that you may already have or is only one ride away from the supply store. Place a “For Sale” sign on the property’s windows and hammer down a larger board outside for more pedestrians and commuters to see. It’s simple but it’s one way of getting the announcement ball rolling.

Take advantage of online presence.

If you have a website, a blog or social media accounts for your business then it would make sense if you advertise using these media as well. Never underestimate the power of viral internet content. Plus, if you already own these accounts then it will cost you less to none to achieve this.

Use traditional print and media.

Even in the digital age, people still fancy their morning papers and magazines. Take this as an opportunity to advertise the sale of your retail space. If you have the budget for it, you can also go for television and radio ads but considering the fact that these two can be hefty, it is mostly taken only by huge firms and real estate companies.

Employ word of mouth.

Talk about it and mention to people that you have a retail property for sale. It can be a friend, relatives, colleagues, business partners, suppliers, customers or even establishments adjacent to and beside the asset you are selling. Not only is word of mouth the oldest and most powerful form of advertising, it’s also free. It is also the strategic tool that makes social media a powerful means to spread news and awareness.

Get a professional to do it.

If you want a pro to handle it or if you simply do not have the time to focus on the task, getting a professional agent to put your investment property for sale will be your best option.

Commercial Investment Property for Sale in the UK

uk real estateWhen it comes to real estate investments, many would suggest that it would be best to put your money in a commercial investment property for sale in the UK. Just like you, we’ve been curious and we have been asking why. Luckily, experts have come to our aid and answered our queries. Below is what they have imparted to us.

  • First, the UK is a big economy.

With London considered to be one of the three world economy command centers in the world, the UK is a founding member of both the North Atlantic Treaty Organization and the United Nations as well as a member of the G8, a governmental political forum of leading advanced economies in the world. It is thought to be both politically and economically stable.

  • Second, its tourism is one of the world’s best.

The United Kingdom boasts of a very promising tourism industry with millions of tourists flocking the country each year. It is home to landmarks such as the Tower of London, Kew Gardens, Palace of Westminster, Saint Margaret’s Church, Westminster Abbey, Buckingham Palace, London Eye, Madame Tussaud’s, Tower Bridge, Trafalgar Square, Piccadilly Circus, British Museum, The Shard, Tate Modern, National Gallery and the British Library.

  • Third, it is a potluck of people.

The United Kingdom has a steady growing population and is a potluck of various cultures and races. There are jobs in the country. It is one of the leading financial centers in the world and is home to various renowned and celebrated educational institutions. This makes way for the rise in the demand for certain good and services or businesses per se. This, together with the country’s booming tourism sector and the UK economy brings us to the next item on our list.

  • Lastly, businesses flock the area.

A lot of businesses open up shop in the UK because of its potential. Tourism and economy are two major factors that attract both people and entrepreneurs. As an investor of a commercial property, this is very good news to you as it basically heightens the demand for commercial spaces either for sale or for lease. Since land does not exactly multiply and with the demand on the rise, the appreciation potential of a commercial investment property for sale in the UK grows well and is able to provide for good returns.

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