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Whether you currently own an investment property or you are thinking of getting into the business, then you need to ensure that you spruce up the home so you can make the most bang for your buck. There are many upgrades and perks that you can add around the house to help you reach your desired income, and we have some tips to get you started. Here at Studio Andolina, we love to help clients make the most out of their properties, so we have some advice that you can implement today.
First Start a Limited Liability Corporation for Protection
Once you create your company it is essential that you take the steps to protect yourself and your assets from potential litigation. The last thing that you need is to get into a groove with your upgrades only to face a lawsuit. You can help to prevent that potential issue by forming your business as an LLC. However, it is important to know that you must set up your LLC in accordance with state guidelines, or you may not get the protection you need. Consider hiring a formation service that can come out and help you to get set up right. Plus, they can do it for a lower price.
Invest in Home Security
Regardless of if your property is in the “bad part of town” or not, it is still a great idea to install a high-tech security system complete with cameras, alarms, and more. When people know that they are safe and sound inside their house then they are more willing to take a chance on your property, and the system could pay for itself in no time.
Make Necessary Repairs Around the Home
Before you add anything new, make it a point to fix the current issues around the home. If there are cracks in the walls, then have them sealed and painted. If any appliances have seen better days, then consider having them replaced so everything works when the tenants move in.
Don't forget to take a walk around the outside of the home and fix any issues with the exterior walls, the driveway, and the roof. The first thing that people will see when they approach your home is the exterior, so it is wise to fix these issues and improve your curb appeal. Cut the grass, trim the hedges, reseal the driveway, and even consider replacing the front door if it will make the home pop.
Add Exciting Features
Once the place is fixed up, add some exciting features that will attract potential tenants. Can you afford a pool or hot tub? If so, then add one. If not, then at least add a deck where guests can sit and hang out with their friends. You might also update the lights and plumbing fixtures with eco-friendly alternatives. People really want to be sustainable these days, so that change could make all of the difference.
Create an Infographic With the Support of Online Software
Once you add all of your upgrades and you are ready to start showing your house to potential tenants, you should create a website to help you advertise. Your website should give customers an easy way to contact you, and you can also post client reviews there, so potential customers know that you are a dependable company. A great way to market your company is by adding an informative and attention-grabbing infographic that shows off the perks of the house.
If you are unsure of how to add this detail, then you can get the help you need by creating your infographic using an online service. By doing so, you get the chance to look through hundreds of templates, and once you find the one you like, you can modify it with your own colors, pictures, text, and fonts. Then, simply download and stick it on your site.
As you can see, there are many changes that you can make to your investment property in order to make a good profit. Consider starting an LLC, marketing with an infographic, and making eco-friendly upgrades, and you will be in good shape. If you would like to learn more about us at Studio Andolina, then please reach out at email@example.com.