Whether you have aspirations of becoming a property developer at the helm of a successful business empire or you’re simply looking to sell your old home and try to raise its value as much as possible, the world of property development can seem overwhelming the very first time you step into it.
However, this doesn’t have to be a scary process. You don’t need to be a top salesperson in order to sell your very first property. You just need to understand what people are looking for in a new home. You need to put yourself in their shoes. If you’re moving home and wondering how to sell your property properly, seeing as this is a great opportunity to try your hand at property development, then here’s lesson 101 in real estate.
Increase the value of your home.
You don’t have to be an artist to know how to make a home look good. Think about the things you’d like to see when buying a new property. You want to declutter and create as much open space as possible. Increasing the value of your home isn’t about adding as much as possible but creating a minimalist feel and boasting the property’s strong points so as to show potential buyers what they could do with the house; you need to show them how this could become their home.
Reduce the costs.
If you want to really ascend the property ladder quickly then you need the funds to do so. The first sale you make is only the tip of the iceberg, but it’s still an important one. You need to learn the techniques involved with making as much money out of a property as possible, and simply adding to the value of your home isn’t enough. You need to also keep the costs involved with this process as low as possible, or any profit you make will seem marginal.
If you’re selling your old home and only dipping your toe into the pool of property develop whilst you move onto greener pastures, you’ll want to keep the costs involved with your personal move as minimal as you can manage. You might want to look into car transportation options such as Shiply if you’d rather spend your money on that than excessive petrol; especially if it’s a long journey or you and your family have more than one car. The point is that there are more costs involved with your property development than meet the eye, so you should be saving money wherever you can.
Work your way up slowly.
There’s no rush. You can start off with small profits and use those to buy a better house next time. If you’re looking to settle permanently and this property development is merely a passion project then perhaps this advice isn’t as relevant to you, but the key for a real estate addict is to always be improving your game with each new property.
When you develop the next house, you’ll be even better at what you’re doing; you’ll be an interior design expert who can use the space available to create something incredible. As you climb the ladder and your profits increase, you’ll be able to snatch better properties and do even more with them. It’s a steady game.