Make Your Asset Be Ready to Sell
Investment in real estate is long term investment that means you have to wait for good time to sell or rent out profitably. During you’re waiting until price increasing to level that you pleased, how do you improve your asset to make it has quality and good looking?
It is the question that TerraBKK has simple answers for you and can follow. It makes your assets be ready to sell whether the time passes for long or not, it is still interesting asset all the time.
Addition and repair If you purchased the house that it is used 10 years and then sold it on such condition, it would not be set high price because pre-owned house buyers is the buyer that able to detect defect of house most. House's condition affects decision because pre-owned house buyers must bear the burden of repair expenses. The more declined house’s condition and its structure are, the more necessary repair is and makes it not to be sold. House defect make the price lower and homeowner cannot argue.
So, Improving to make the house better both structure and system to make them usable, change disadvantage into better advantage will make the house interesting and can be resold in the price that homeowner can set the price. It is considered as the investment that worth for long term because building materials cost likely to increasing indefinitely. If you repair it when lands in that location have a good price, you will have a lot of costs.
Find the pros to drown out the cons Although location and price is the most interesting point in real estate buying, if house have problem such as facing not good direction, light blocked, stuffy, it would be nobody want to purchase it. Buying real estate for investment, if you found any cons in the house you are going to buy, you have to try to looking for pros that enough to compensate such cons. For example, in the next 3 years, it will have skytrain project nearby your house, you will have to try changing your house to suit with lifestyle in the future or landscaping to increase green space.
Make more benefit Buying real estate for housing is not just a buy to live only. If you get the house that located in good location, you can change your house’s type to make profit from other ways. For example, your house has large front yard, you can adjust into little shop or your house located in the area that has a lot of offices, you can transform your house to be home office or renovating to be apartment is also interesting way.
To improve real estate, not only have enough capital, you have to be creative and have idea to transform your house. It makes your house interesting, have a value, able to make a profit and be ready to sell all the time.