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Monday, 7 August 2017

FIRST CUT IS THE DEEPEST: SIMPLE BUILDING RENOVATIONS TIPS FOR VALUE APPRECIATION

Prospective buyers and tenants for a building make decisions on whether they should take a particular property or not based on what they are seeing. If the property is not appealing to the people who wish to rent or buy, then the issue of renovating is imperative. Renovating is all about repairing, refreshing, reviving or altering a property to add more in perceived value than actual cost. Buying old, tired and unloved buildings and converting them into real estate diamonds is not only the second love affair of most property owners/buyers these days but a very realistic and achievable way to making a lump sum profit on the capital value.



FIRST CUT IS THE DEEPEST

Psychologists say that we make up our minds about an individual within the first fifteen seconds of meeting and the same is true in viewing a property either for buying or renting. As the buyer / renting tenant walks towards a property they are only asking “could I live here or could this serve my purpose of business?” therefore, the first visual features that prospective occupants see should have a great impact on decision making. You see the first cut is the deepest. A good marketing strategy will endeavor to enhance these visual appeals so as to help by favorably tilting the scale of advantages and disadvantages. If a prospective buyer/tenant can be driven into a positive mood by the neat symmetry of pavements and the landscape with a mosaic of flowers as he/she enters a property, then any negative things that can later be seen will be more of secondary.

LITTLE THINGS MATTER

When prospects view a property they don’t bring along an engineer to test the structural integrity of it. So when renovating for value appreciation you may not necessarily need a huge budget but just uplifting the small things that matters most in a property for purchase /rental. These small things should be low cost improvements that can make a huge difference to your property’s value.  Matters like fresh paint to walls, new lights fittings, new bathroom fixtures, doors and window handles, kitchen and bedroom BICs space are of atmost importance when renovating to sale or renting.

PRESERVE OLD DESIGNS

Some people think renovating an old property means replacing old designs with latest ones. This is not so, instead of replacing old designs one should rather preserve them as souvenirs. As long as old designs are preserved from rot and decay they indeed have their own aesthetic value upon which the current billion dollar tourism business is built. What prospective tenants or buyers want is preservation of such priceless art through regular application of varnishes, gloss paints and other techniques for maintenance.

Lastly only those that go through the renovation process can tell the level of personal satisfaction and sense of accomplishment that renovating gives. There is something magical and fun about taking old rundown property and transforming it into a desirable house/ office without changing the natural design. Give renovating a go and discover that same sentiment too.

Article courtesy of  ZIMBARD PROPERTY DEVELOPERS  specialists in  house plans, building, renovations, selling, buying, management and maintenance of property.

Cell: 0772218092         Tel: 086 4405 4233        Address : No 409 Huxton Rd, Waterfalls, Harare



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