Leslie Purdy Real Estate Profitability Serious Money. Every Deal.
Leslie Purdy Real Estate Profitability®  Serious Money. Every Deal. 

The value of your property is crucial to your overall investment calculations. As part of your portfolio, it determines your exit strategy. Every property in your portfolio can affect multiple financial areas of your life. The good news is that as an investor, you have the motive and, more than likely, the means to easily upgrade the property right before selling it at retail. These fixes can increase that value:

1. Paint every surface. Don’t skimp on paint…ceilings and garage floors are important to erase all evidence that your property was a foreclosure or a rental. Paint makes it highly attractive to the retail buyer who will pay the highest price so they can move in without doing any work.

2. Kitchen updates. The kitchen is often considered the heart of the home, and buyers pay a lot of attention to it during their inspections. It is possible to change the whole look of a kitchen for just $2k and a little elbow great always, always update the kitchen with at least painted cabinets (Farmhouse Paint is best) if the doors are outdated. New granite countertops are impressive and only about 15% more than new Formica counters. Appliances can be a few years old as long as they are spotless with no wear and tear showing (dents, rust, or discoloration). Facebook Marketplace or even Lowe’s clearance section has some great deals on new or almost new appliances.

3. Bathroom updates. After the kitchen, the bathroom is often the next room that needs an update. As long as every surface is clean and LIKE NEW, it is not necessary to replace every fixture. It may be worthwhile to Reglaze the tub and or tile surround for a $300-500 OR install a tub surround kit over the tile to minimize dust ($500).

New faucets on your sink and shower can also add an instant facelift to the room. Or shine up the existing ones if possible.

4. Clean up the yard and add landscaping. How does your yard look to a potential buyer? Is it filled with leaves from last fall tired or overgrown bushes? Create awesome CURB APPEAL with a freshly mulched bed and bright flowers. You can set up a drip irrigation system on a timer from the spigot so you do not need to maintain it. Lay sod if needed OR start seed at the very beginning of the remodel so your workers can water the lawn as they visit the property multiple times a week.

5. If you’re not sure what else the property may need, consider hiring a home inspector for $200 to give you a report so you know what to fix OR what will turn that retail buyer off.

To get the most money for your house, clean vigorously, take care of repairs, and update where needed.

If you want to find out more, reach out to us at https://www.LesliePurdy.com or text/call (321) 209-INFO(4636).

About Leslie Purdy, Real Estate ProfitabilityTM Author, Mentor and International Speaker

Leslie is a third-generation real estate investor with a lifetime of experience. She and her husband since 1997, Sean Purdy, has actively been repairing, rehabbing and working in real estate for more than 40 years. They are seasoned investors who have made it through all the ups and downs of the real estate market and grown their net worth exponentially.

If you want to find out more, reach out to us at https://www.LesliePurdy.com or text/call (321) 209-INFO(4636).