The Lefebvre Team

Experts in Multifamily & Commercial Real Estate

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#InvestingTipTuesday: Improving Your Exterior to Increase Marketability

It’s Tuesday, so you know what that means--it’s time for #InvestingTipTuesday!

 

Something I’ve realized recently is that going on a first date is kind of like investing in real estate. When you go on a first date, you want to make sure that the first impression is really there. The same is true for when you’re trying to invest in a property, specifically sell an investment property. The condition of the exterior of the property, or the “first impression,” makes a big difference in marketability.

 

As the weather begins to warm up, and many of us are still working from or simply staying at home, now is a great  time to clean up the exterior of your properties so that it can make that great first impression for potential buyers. Here are some quick tips:

 

  1. Landscaping: Trim the lawn, trim back some of the trees or bushes, and maybe plant a few flowers. These simple tasks go a long way when it comes to curb appeal. 

  2. Exterior Trim: Make sure that any trim that is worn down with paint or might be rotted gets replaced and repainted with something bright. I’ve found that nice, white colors work really well for the outside.

  3. Consider Re-siding: Re-siding a building that is in desperate need is one of the best bangs for your buck when it comes to investing in real estate. It’s a great return on investment that can definitely help improve the marketability of your property.

 

Hopefully these tips help you get on your way for making your investment properties have the best first impression! As always, if you ever have any questions about steps that need to be taken to help get the most out of your properties, never hesitate to contact our team. And if you have any other tips on this topic, we’d love to hear from you! Feel free to comment below with them.

 

Best,

Matt

 

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