One of the most competitive markets on the planet is the real estate market. Especially when we’re talking about multifamily investments. However, if you want to have a step above the rest in value, then you’ve come to the right place. The Mindful Capital Group is a private real estate firm that specializes in the acquisition, repositioning, and management of Industrial real estate assets throughout South Florida. We’re here to give you five tips for adding some extra value to that multifamily investment you have to stand a better chance in this highly competitive market.
Renovate the Inside of the Property
One of the best ways to increase the value of a property is to renovate the inside. Upgrading the appliances, furniture, flooring and other inner portions of the home. This is an easy example because it upgrades the quality of living within the home.
Alternative Energy Solutions
Another renovation for the home is adding clean energy solutions. Alternative energy solutions increase the value of a home by a lot. Examples of solar energy are solar electric systems, solar pool heaters and other solar panel technology.
Increase Outer Appeal
Adding some more flare or some extra amenities to the outer area of the property can bring in a lot of value. Landscaping not only makes your current tenants happy, but attracts the eyes of other potential clients.
Everyone likes more things and more reasons to stay home. If your property has more amenities, then there will be more people that potentially feel like that place is for them.
Extend the Property
If you extend the size of your property, then it will instantly increase in value. More space allows you to add more of any of the other listed options before.
The Mindful Capital Group is a private real estate firm that helps people build their portfolio using their skills and expertise in the business. If you need our help, then contact us today!