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Promoting Homes To real estate Investors
The largest difference when selling a house to an investor is not forgetting you are not selling to a consumer but to another business. So the normal staging process to make your house more appealing to a buyer is not really going to have the same impact. Rental property is separate, because it's acquired by investors who are trained to look at income rather than new paint. The figures, for example rent, is more often than not more imperative than the building.
As an investor there are lots of ways you can increase rental income and below are a few strategies.
1. Do your research - look around at rental homes that are similar to the building you want to rent and find out how much rent is being charged. Compare your charges to theirs; if you are charging less then you could conceivably raise the rent without loosing tenants.
2. Invest in finishing the basement and rent it as a separate unit or if there is plenty of outdoor space to the property what about an extension to create an extra bedroom?
3. Listen to what renters want, the more you listen the more the you can make a house more attractive on the rental market. For instance, if you add on-site laundry machines, will tenants pay more rent on a monthly basis?
4. Looking at energy efficiency saving such as a new furnace or double-glazed windows could also increase the amount a tenant is willing to pay, or if it is you as a landlord paying these bills then it will drop your overheads.
putting together a marketing strategy, which will paint your property in a good light to investors, needs to be completed once you have worked out and understand the financial worth of your building.
You are nearly ready to market your Calgary real estate building, before you do take a look at some final points that will probably make things run a little easier:
• Talk to renters tenants, if your home is currently tenanted. Sometimes owners don't even tell their renters that they are selling, which is unbusinesslike to say the least.
• Take the opportunity to listen to your tenants issues, after all they are going to be worried that they will loose their home. The closing date is going to be critical to them so try and give them an approximate idea when it will be.
• Even though property investors are more interested in the financial significance of the property, this doesn't mean you don't need to stage it properly; the property still needs to look its best.
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