The Property NomadsThe Property Nomads

6 Ways to Add Value to a Property

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In this episode, Rob quickly shares 6 ways anyone can add value to a property that they own. Importantly, he also explains how to make sure that each of the suggested improvements is right for your specific property and market. Thus, ensuring that you get a good return on the money you invest in each upgrade.


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KEY TAKEAWAYS

  • Virtually every property has the potential to be improved and made more valuable or desirable.
  • Which improvements you focus on making first depends on your target market.
  • Kitchens and bathrooms are good places to start. Rob explains what to focus on, in the podcast.
  • A new kitchen does not have to be expensive. Sometimes freshening up the units is enough.
  • If you want to create another bedroom, make sure it meets the needs and demands of the target market.
  • Remember the basics. Appearance matters.
  • Think about the first impression a property makes.
  • Investigate open-plan living options.
  • If you want to extend, think about what that space could be used for. Make sure it will work in that area.
  • Rob shares a way to add a considerable amount of value to a block of freehold flats.

 

BEST MOMENTS

‘As investors, we should all know our target market.

‘A lick of paint. Do the basics, new carpets, décor, spruce it up a bit.’

 

VALUABLE RESOURCES

The Property Nomads Website 

Buy to Let: How to Get Started – By Rob Smallbone (Amazon)

 

ABOUT THE HOST 

Rob Smallbone the host of The Property Nomads Podcast, is on a global mission to guide your success. Success can happen in many ways, shapes, and forms. Think about what success means to you. More properties? More clients? Financial freedom? Time freedom?

 

Rob wants to make a huge difference to people around the world. He is here to guide your success in property, business, and life and to inspire you to achieve your goals, dreams, and visions. He's travelled, explored, and invested. And he's not planning on stopping these activities anytime soon.

 

Buckle up, sit tight, and enjoy the ride that is life.

 

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