I have great sympathy with the new property investor of today, especially the conscientious ones who try to research the business. There is so much more information out there on how to do it. When I started there was nothing. Understanding and absorbing all the different opportunities would take ages:-UK or abroad? Which country? Which area? New or old? Flats or houses? Single let or HMO? What to believe? Who to believe? What is investment verses speculation? That is without considering the more exotic products like REITS, reversions, freeholds, leasebacks etc. The expression ‘analysis paralysis’ comesto mind and I admit that I am baffled by all the choices and deeply cynical about a lot of it.
Sellers will also experience less stress of moving out as they will have packed a lot of their belongings before they put the property on the market. Buyers will also be able to see what they are buying and where their existing furniture and belongings will fit into the property. The buyer will also have more confident in buying your property staging because all the repairs and updates will have been done to the property. They will know that they can move into the property quickly and stress free.
Besides the monthly retainer fee, there would be repair, maintenance, marketing and tenant eviction costs to consider. Property managers oversee these things for you. You can ask for a breakdown on how costs are distributed. Better yet, request for a regular accounting report so you will know how your fees are spent.
All landlords hate to have an empty property but rushing to rent my property without investing time to refresh and prepare it, can mean your staging is empty for longer. It is better to adopt the principle that you are competing with other landlords and you want to attract the best tenants you can in your target market.
Third is the flooring. You must put some flooring furniture in order to make it look presentable thus, bringing fancy appeal to the buyers. Make sure that the texture of the floor is appropriate to the style and designs of the house. If the floor is made of wood, you may apply floor wax to make it shiny and clean. Other part of the house that might need repairs and maintenance are the bathrooms, mirrors, lightings and windows.
As a matter of fact, majority of the people who plan to buy a property have spent a lot of their time, money and effort. For them, it is important that they will invest their money in a certain property that they can use for a very long time or for a lifetime. However, there are some things that you should consider before you decide to buy a property for yourself.
Staging your home for sale is a combination of cleaning, decorating and psychology. If you can do it well, then your home will sell quickly. If not, then… maybe some furniture?