Make-Ready? Make Money!
The term “make-ready” can be a scary sound for most owners. This is the most expensive variable when it comes to real estate investments. Rightfully so! The feel of a home is key when it comes to attracting potential renters for an investment. The two most relevant elements of a make-ready are painting and flooring. Naturally, they are typically the most costly as well.
It’s important to remember that this is a long-term investment in return for personal financial gain. Have you ever heard the term “it takes money to make money”? Now, how you spend that money on a make-ready is also crucial. Always always always trust this process in the hands of a professional. Your cousin’s neighbor’s boyfriend is not a professional. Sure, he might charge $500 to paint all 3000 square feet, but you’ll get $500 worth of quality.
Property management should be up to date on trending color tones for today’s market. For example, the hot paint color for a neutral effect throughout is grey. Be careful when choosing your grey as well. Darker greys can make the space seem smaller. You’ll also want to pair the paint with a complimentary shading for flooring. A darker brown laminate or real wood gives the space a modern touch. Throw in some gleaming white trim and you have a fresh, present-day aroma. Naturally, all other components of the home would need to be monitored as well, but at least you have the most important foundation of the make-ready completed.
Listen to a few words from 1836 Property Management founder, Matt Leschber, on other items to pay attention to when you’re getting your investment property ready to go to market.
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