Monday, 30 May 2016

5 Ways To Increase The Value Of Your Investment Property

With the right knowledge and a bit of hard work it is possible to dramatically increase the value of your home or your investment property. I want to show you 5 surefire ways that you can dramatically increase the value of your property without having to spend a lot of money.

Make It For Your Market
The way to increase the value of your property the most is to make it appeal to the largest amount of people possible. The more people that want your property and the higher the demand for your property the higher the price.

Neutral Attracts The Most Potential Buyers
You want your potential buyers to imagine themselves living in your property now. Bold colours may put off the buyers and stop them imaging themselves in your property and that will make them not want to buy.

The Banks Are Cautious And Will Hesitate To Over Value
Don’t think that because you put a lick of paint on your property the banks are going to add $100,000 to the value of the property.
Banks are in the business of making money and one of the ways they do that is they lower their risk by undervaluing properties. Don’t expect them to be friendly. You need to make them value your property at the highest amount. Make your house look immaculate and make it appeal to the widest market. They will see this and value the property appropriately.

Your Taste Doesn’t Matter
At my old work I worked with an Indian lady who was telling me about her house. Every room was a different bold colour. One room was red, one was green, one was blue, on was pink and the staircase was orange. Each room had ornaments and picture frames of that rooms colour. I thought this would be hideous and ugly but my coworker was talking about how beautiful her house was.

When increasing the value of your investment property be careful not to renovate it to your specific taste. Your taste may be beautiful to you and ugly to everyone else. Find out the taste of the market and do that.

Tuesday, 24 May 2016

Property Update: Vicinity Centres in $55m deal for DFO Brisbane

Toombul Shopping Centre has been sold to Blackstone.

Region Centers has included yet another Direct Factory Outlets mall to its steady, paying $55 million for DFO Brisbane.

The property gathering will assume control over the administration of the DFO business at Brisbane Airport under a sublease from Brisbane Airport Corporation, which holds the head lease over the area and possesses the structures.

Region's most recent procurement comes weeks after it declared it had gone into a $145 million concurrence with Perth Airport to construct a DFO on airplane terminal area.

The Brisbane arrangement will bring its number of Outlet Centers under administration to six.

Region CEO and overseeing executive Angus McNaughton says procuring the DFO Brisbane business was a part of the 2010 arrangement that saw it take control of four Direct Factory Outlets offices crosswise over Victoria and New South Wales.

"Region has been working DFO Outlet Centers subsequent to 2010 after the obtaining of four resources, DFO Homebush in New South Wales, and DFO South Wharf, DFO Essendon and DFO Moorabbin in Victoria," McNaughton says.

Region thusly reported it had developed its advantage divestment program from between $750 million and $1 billion to about $1.5 billion, in an offer to free up cash, which to some degree is to be utilized to keep focusing on DFO focuses.

"With a scope of portfolio improving open doors accessible to us through interest in our improvement pipeline and particular acquisitions, incorporating proceeded with development in the Outlet Center space, we are augmenting the measure of our benefit divestment program," McNaughton says.

Among the additional advantages for be sold is a 25% enthusiasm for The Myer Center Brisbane and a half enthusiasm for Mornington Central in bayside Victoria, which are to be sold to ISPT for $224.6 million, while another $350 million tranche of property will likewise be put available.