Increasing the value of your property can be a tricky affair, especially if you have to do it yourself. After all, the stakes are high when the onus is solely on you. Fret not, for there are some little tricks in the veil of “art”, which you can imply to increase the value of your buy-to-let. Here are some of them.
Opportunities Knocking at the Door
In this world of competitive marketing, you have to ensure that yours is top notch too. After all, there is a saying which propagates into other aspects of life too—the first impression is the last. How this comes into play in increasing the value of your property before renting it out, you might ask?
The indication is simple—look at your door. After all, it is a welcome sign and potential clients simply make their grave impression based on how welcoming they feel. Simply put, a door that looks like it is in shambles does not carve a buy-to-let impression, does it?
The solution to this is simple, though. The use of proper colour here can go a long way in making your property more luscious, metaphorically speaking. For instance, the colour psychology of red shows that it is a sign of passion and enthusiasm—something that your client will be eager to seek in you.
You can also use various other shades such as cooler hues, or warmer ones like yellow. As long as you are not using something morbid or cold, like black (the irony), you should be good to go. Additionally, painting it yourself seems like a pretty easy DIY modus operandi.
Mirror Mirror on the Wall
The other so-called psychological hack is to place mirrors in your rooms to create an illusion. It is a known fact that placing mirrors perpendicular to windows creates an impression of increased space. In other words, it makes your rooms feel bigger than it really is—so you better use it to your advantage.
There is a small caveat here, though. Make sure that your mirrors are not aligned directly across your windows, lest it might give it an impression of being smaller. While you can juxtapose the aforementioned ideas to come to this conclusion, it is better to point it out otherwise.
Additionally, there is another small hack that a lot of folks rely on, after placing mirrors in the right way. If you want to rent out your space at competitive prices and are not willing to budge, per se, use a mirror.
The reason is simple—people tend to be more docile while making close calls with their own faces lying around somewhere. People have used it in antique shops, pawn shops, what have you. After all, nobody wants to look at themselves and come to the impression that they would want to budge out on an impressive deal that you have set for them. Use mirrors to your advantage.
Titbits and Nitpicks
Once you are over the other technical aspects, you can look into the minor details and other aspects of making your proposition more irresistible. For instance, start with neutral colours in your interiors.
It does not take rocket science to understand how well neutral colours go on the insides of a house. While these might sound like interior design ideas that are meant for the esoteric few, it is actually simpler than you can fathom. For instance, ensure that your hallway rooms are as neutral as warm as your doors are.
Beige, grey, lighter shades of peach—all these count as fairly neutral colours. While some might call it to be a sombre colour, using it in your hallways can prove to be beneficial. You can also use strips to try and mix vibrant colours with darker ones to see how it fits—as long as it isn’t as warm as your doors, you should be good to go.
Sure, you can make all your property as aesthetic as possible, but if you cannot keep your paperwork in check, that automatically reduces a great deal of what could actually be an impressive deal.
Start with your homeowner’s insurance papers. Before you get worked up and ask “what does homeowner insurance cover?”, or “how can it benefit me?” or “isn’t it uncalled for?”, you need to understand the role it plays here as a renter. Firstly, it instills a sense of serenity in your client’s mind. After all, who does not want to look into a property that is protected against relative mishaps?
Second, homeowner’s insurance covers a lot of benefits, in the sense that, in case there is some mishap while you have rented your property, you can be covered without much legal hassle. You can obviously negotiate these terms with your client too, but keep in mind that you ought to get these paperwork technicalities in check for a better deal.
Now that you are aware of the intricacies of how to increase the value of your property, you can apply these to full effect. Doing it yourself not only saves you money which would otherwise be siphoned by pros, but also gives you the satisfaction of being able to increase value at your own accord—quite liberating, isn’t it?