Property investment is one of the simplest and safest investments that you could make. In fact, most people invest in property because it requires little to no continuous effort, which grows their wealth while they continue working in their day jobs. However, if you’ve bought a property for investment and hope to resell or rent it out, and you’re struggling to find buyers or tenants, you can use the following tips to boost its appeal. 

1- Proper Planning 

Nothing ever goes badly when you plan it thoroughly. To make sure that you put your best foot forward, you need to be organised. Make a list of all the things that you want to do to increase the property’s appeal so that you can evaluate the costs for repairs and renovations ahead of time. Once you’ve made this list, you can start looking for renovation and construction companies to do the work for you. Try to set up a budget that limits how much you can spend on an investment property without spending everything that you have – you might need to perform repairs later if buyers or tenants don’t bite. Look for a contractor who performs excellent quality work with reasonable rates, so that you get a better return on your investment. 

2- A Fresh Coat Of Paint 

A fresh coat of paint can go a long way by giving the walls in a home the needed facelift. The interior will look clean and brand new, now that the chips, marks and cracks are covered. Consider neutral colours like beige, tan, and grey. Avoid bright colours because they can be off-putting. The colours you choose can drastically change the interior’s look, which can be unappealing for many people. Dark colours also tend to make rooms look smaller. Even accent walls can turn people away, so it’s better to be safe. Neutral tones open up the space without looking boring or dull and provide a great blank canvass – making your buyers or tenants imagine their belongings inside each room. 

3- Clean It Up 

Put yourself in your target market’s shoes. If you were on the search for a new home, you wouldn’t want to see a place that is dirty, unkempt or smelly. These things are off-putting, and you wouldn’t be able to look past the grime to see the property’s potential. Consider how you look after your own home. The floors are swept clean and mopped, the carpets are vacuumed and shampooed, and the surfaces are dusted. You want the people viewing the property to like what they see, and they won’t like it if it’s dirty. All you need to do is invest in a cleaning company that keeps the property spic and span once a week. Deep clean the carpets, hang clean curtains and make sure that the space is fresh and airy. When you clean it regularly, the maintenance is drastically reduced and makes it easier to find potential issues. 

4- Modernise The Kitchen 

There’s no hard and fast rule for which properties you should invest in or not. Sometimes the neighbourhood is rising in popularity; other times the property you find has good bones with potential to turn a profit. You could invest in a new development or an old house that needs fixing up. What doesn’t change is what people want in a home. Most often, a decent kitchen is high on the list of what prospective buyers or tenants are looking for. The kitchen is typically one of the most used rooms in a home, which is why it needs to be a decent size, with the right amount of cupboard and counter space. Modern fittings, appliances and style are also preferable. Replace scratched, damaged or outdated tiles and give the cupboards a lick of paint if they look a little worse for wear. If your budget allows for it, install a modern stovetop, oven, extractor fan, dishwasher and microwave. Designer sinks, taps and light fittings add to the overall appearance and will entice your target market to jump at the opportunity. 

5- Modernise The Bathroom

You can do the same in the bathrooms because they’re intimate and private spaces which should evoke an atmosphere of relaxation, rejuvenation and cleanliness. When you’re trying to boost the appeal of your investment property, you need to consider what your target market is looking for. A brand new kitchen might not appeal to a student as much as it would a family of five; however, improving the overall look of the property will enhance your chances of finding a buyer or a tenant.