Putting your property on the market requires some consideration and strategy, all to maximize your return. In this post we go through some of the key things to consider to make sure you really get the attention you want. By understanding the supply and demand and adjust your ad and maybe even your property for your target audience you increase your odds of being able to charge a higher rent. One should also make sure to market it in the right places using the right pictures and wording, all to capture those potential renters your really want… In this post we go through this in more depth and let you know what we did, why and what the outcome was.
Renovating a property using “FIRE” logic is all about making the most out of your money and using your creativity. Using your creativity gives you an edge against your “competitors” and it for sure will help you increase the return on your investment. In this post I go through all the steps we took when renovating and decorating this house, all for less than 3,000 USD and that includes all the furniture, kitchen ware, home appliances etc!!
In this post we go through our thoughts prior to putting in an our offer, the negotiation and why taking action and knowing what you want is key. We wanted to close the deal fast and we had good reason for doing so. Our schedule was extremely tight as we wanted to get the house out on the market prior to the peak skiing season. It meant we had less than a month to close the transaction, renovate and decorate the house…..this is how we did it..
What numbers to look at when buying a property can vary from country to country as there might be different taxes, fees and levels of costs but in the end the key is to make sure you have accounted for everything you can expect. If it still is an interesting deal, then you might want to proceed but don’t just jump on the first one that comes up and there are some globally generic numbers to always look at and those are the ones we go through in this post as well as how to use creativity to improve the numbers:)
Buying a property part 1 outlines the thoughts and analysis I go through prior to buying a property. I am pretty sure you will find some valuable insights as this is based on a live case and our own thoughts during the process.