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Your Rental Property Facelift Guide



I


f you own an average home       looking for housing and feel good 
in Edmonton, Alberta you        about your investment increase at 
made $161 yesterday and         the same time. While raw land     
will do so again today. That is      may not have the same value as    
the increase in the real estate       property with a home on it, it is 
market at present. Knowing this       still worth taking a look at for  
should help you understand that       the money you have to invest.     
real estate investing in Canada       The buying market is tight but    
is a smart thing to do.               there are still some good deals   
Buying and selling property           to be found by those selling you  
doesn't need to be an                 just may have to look a little    
intimidating proposition when you     harder.

                       
look at the fundamentals of the       

Ultimately real estate is a    
market and keep them in mind when     great vehicle to invest your      
looking to own land. We invest in     money in right now as buying      
mutual funds and are grateful for     property is the surest way to see 
the interest even when it is less     a positive return with Alberta    
than one percent because at least     being the second best place in    
this year we didn't lose any of       the world for buying land.        
it. Alternatively, we look at        Vacancy rates are low and         
the crazy increase that is            employment rates are high which   
available when we own land            means the money you invest in     
whether we are buying it or           property is making money for you. 
selling it, because of it's           Buying for rental income is a     
inherent value.

                   great way to go and your          

The vacancy rate in Edmonton       investment can be enhanced with a 
is less than one percent and Red      few small tips.

               
Deer has a zero vacancy rate          

Okay so you love shag carpet   
right now. When you own property     and lava lamps. That is not to   
you are able to help those            say your renters will when they   



come to take a look at your           them the feeling of safety and    
revenue property. It’s important     security and will provide a great 
to keep in mind that while your       return on your investment. Be    
tastes may be, shall we say           sure the house numbers are large, 
timeless, you have to make your       visible from the street and well  
property welcoming. Please do us     lit.

                          
all a favorite and stay away from     

Once inside the property look  
“renter beige” but give it a warm     around with fresh eyes as if      
color that is still in the            seeing it for the first time.     
neutrals so that it can match         Perhaps the avocado green stove   
almost any furniture they bring       and the harvest gold fridge could 
with them. New paint and carpet      use some updating as well. While 
or sometimes just a good cleaning     you don’t have to go for the top  
of the flooring is the least          of the line appliances, do be     
expensive and most dramatic way       sure that they match and will     
to increase the perceived value       work well for a long time. You   
of your rental property. If that     can’t go wrong with choosing      
value is perceived to be higher       white for these, as it is a       
the amount you can charge for         crisp, clean color. Another      
rent goes up as well. Aside from      option if you have a few suites   
new paint and a neutral carpet        in one building is to install a   
you can look at new lighting,         coin operated washer and dryer.   
which can be inexpensive and make     If you share the revenue with the 
a big difference.

                 laundry company you may be able   

The first touch your potential     to side step the repair and       
renter has with the property is       maintenance woes as that company  
the front door. Is the lock          could be in charge of them. New 
broken or loose? Is the door          appliances can increase your      
warped or worn? A new door with      monthly rental charge (perceived  
a decorative window will give         value again) and reduce the time  



and effort spent on the not so        "http://www.isnare.com/adsense-al 
reliable older machines.

          t-728x90.php";                    

While you want to provide a                                          
great home for your renters you        google_ad_width = 728;      
must also keep in mind that this                                        
is a business and keeping your         google_ad_height = 90;      
eye on the bottom line is                                               
essential. It often doesn’t take      google_ad_format =          
much to be able to accomplish         "728x90_as";                      
both.

                                                               
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background-color: #F5F7FB;             google_color_border =       
border-left: #BAC9FF 1px solid;       "F5F7FB";                         
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About the Author:

Rhonda Hoffman is a successful investor, author and regular contributor to http://www.iwebinvestor.com

Article Tags: property, increase, invest



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