Not so long ago I bought a property near the beach down south in England. The property has 3 bedrooms, 2 receptions and 2 bathrooms. The property didn’t have any furniture as it was auctioned out. So I decided to buy modern furniture for this property. I want to rent this property for few years and then sell it when the property price increases, that is the reason why I bought this property.
From my experience I have seen the property value increased by just some interior changes and also getting new furniture. That is what happened with my old property. I renovated the whole house with furniture and also changed the decoration, which help increased the value of my property by 5%. It doesn’t sound like 5% is much but when you take 5% out of £250,000 then you will know it is indeed a lot of money. Yes it did cost me couple of thousand pounds to renovate the whole house but I made that money up by getting the 5% increase in the property.
I am planning to do the same with this recent property. As it is just infront of the beach I would like to rent the property for next couple of years and then see if I want to sell it or move in myself. To increase the price of the property I plan to add a conservatory in this property, which will certainly help. I also plan to make the interior of the property unique with some restaurant furniture in the kitchen and also big hotel furniture in the living room. You know when you enter a hotel you see huge furniture in their lounge, something similar to that. Unique and eye catchy things definitely catches the eyes of the person who wants to rent the property.
I would like to make a suggestion that renovating the property before seilling it would help the property value to rise.
