The Progressive Property Podcast 5 Ways How to Add Value to a Property
One of Kevin’s most asked questions is how to add value to a rental property, in this episode he explores various ways you can do this including 5 fundamentals you need to focus on.
KEY TAKEAWAYS
- Buy something where you know you can add value, where there is space for improvements, particularly focusing on the kitchen and bathroom.
- Probably one of the most effective ways to add value is to think about the internal layout of the property and how you can make this work better and more valuable. E.g turning a 2 bed into a 3 bed house; this can add up to 25% of the equity.
- Carpets and decoration are the final two touches for every room in the property that adds value.
- Loft conversions and basement conversions can add significant value to a property, especially in cities.
BEST MOMENTS
“nice bathrooms, nice kitchens, they’re going to give you highest impact on value and highest impact on rental income”
“You don’t have to spend a huge amount of money”
VALUABLE RESOURCES
https://www.progressiveproperty.co.uk
***FREE DOWNLOAD*** How YOU Can Make A FORTUNE From Buy-To-Let http://bit.ly/BTLReport-YT
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.
CONTACT METHOD
https://www.facebook.com/kevinMcDonnellProperty/
https://kevinmcdonnell.co.uk/