Elevate your property portfolio and increase your investment value
Real estate is the name of the game for many lucrative investment firms, companies and successful business owners. Every smart investor would take advantage of the promise of an asset growing in worth over the years. We look at how you can throw your hat in the ring for the opportunity to snap up a great investment of your own.
Identify the key factors of a quality property
Property investors go to great lengths to ensure their money is being spent wisely. Once you decide to invest in a property, your first considerations should be where it will be located and what type of property you want to own. Modern, simplistic design is being favoured in plots and plans for new developments. Suburb choices for residential areas are being turned into developed "mini cities" complete with schools, shopping centres, healthcare facilities, leisure and entertainment. These developed suburbs also feature commercial buildings for office spaces and housing developments for residents.
In 2023 and beyond, we will see the trend shifting away from freestanding homes and buildings/factories, to properties in estates and business parks. Elitism is coining it and it pays to have an air of exclusivity surrounding your potential investment.
How can I increase the value of my investment property?
If you've already purchased an investment property, there are a few surefire ways to guarantee its success. The appearance of the property is vital to how it is perceived and the value attributed to it. Architectural trends in both commercial, residential and new construction have been favouring exposed plumbing, bronze and copper finishes and a minimalistic feel in general. You can make your property look equally as expensive by upgrading certain components. Investing in long-lasting renovations will be good for maintenance levels and adds to the asking price when you do consider selling.
Installing new air conditioners, upgrading flooring and light fittings, paving driveways and switching to energy-efficient appliances will instantly elevate your property. The requirements for a modern building notes these things as high up on the list for buyers.
How do you create wealth from property?
The simplest method to making money from a property investment or multiple real estate investments is through appreciation. This is why it is so important to identify the areas and buildings that will perform the best on an economic scale. There is no point investing if you cannot foresee what your property will provide on returns, therefore it is imperative to pick a lucrative investment.
Investing in high quality residential properties for a stipulated monthly rental income that grows with added interest over the years is an ideal way to ensure a steady stream of profit. Leasing out your property to reliable tenants is a great way to pay off any home loan debt you many have incurred and loosely translates to your investment paying for itself in the long run!
Focusing on cash flow allows you to generate wealth in a seamless manner. At Aska Property Group, we pride ourselves on pinpointing areas in Blouberg with the most potential. Whether you want to invest in one of our developed suburbs or plot and plan your next property, we have the solution for you. Make a bold move toward aligning your financial goals with the burgeoning property market in the Western Seaboard. Our trusted, knowledgeable property practitioners are on hand to assist you every step of the way. Contact us now.
11 Dec 2023
Author Aska Property Group