What changes do you wanna improve in your real estate structure to continue matching rentals demand??

[Sincerem]

We all know that estate building fades, going outdated. So we need make adjustment to suit the demands of our customers that wanna acquire the services of the estate structure. A clean and well structured building can never last forever, or be on the trending all day. Everyday new buildings plans arrive and we need make changes to our fading estate building to keep the pace with other ultra modern built estate houses. In order to catch the demands of people acquiring the services of our estate building for recreational/living purposes or for rental purposes.

So what plans do you have for your estate building fading out in the real estate housing investment?? Will you renovate it, or seek to demolish the existing old structure by starting over with ultra modern building structure??

 

[Tiwa]

Except the buildings were built when the owner was probably in his 20s and had already break-even and yielded a 200% of cost of construction, cos you have to factor in inflation.then I would say demolishing to reconstruct in a feasible project.Its only usually the inherited beneficial that usually have the luxury to demolish and reconstruct.
Existing buildings can be renovated to sync with present demands and taste to a reasonable extent.
For instance, we have a family property that was built with just pumping machine , but going with the stress tenants face during dry season, we have already taken the step to make bore hole that links to the overhead tank. The 2 masters reconstructed to be ensuite and guest toilet an extension of the living room.
Also, all electricity metres in the flats changed to prepaid.
the flooring currently being changed from cemented flooring to settingblocks(whatever the actual name)
And finally, wall plastering and painting.
This already increased the going rent fee and the buildings taking a new look already though renovation is on going.

 

[Sincerem]

Except the buildings were built when the owner was probably in his 20s and had already break-even and yielded a 200% of cost of construction, cos you have to factor in inflation.then I would say demolishing to reconstruct in a feasible project.Its only usually the inherited beneficial that usually have the luxury to demolish and reconstruct.
Existing buildings can be renovated to sync with present demands and taste to a reasonable extent.
For instance, we have a family property that was built with just pumping machine , but going with the stress tenants face during dry season, we have already taken the step to make bore hole that links to the overhead tank. The 2 masters reconstructed to be ensuite and guest toilet an extension of the living room.
Also, all electricity metres in the flats changed to prepaid.
the flooring currently being changed from cemented flooring to settingblocks(whatever the actual name)
And finally, wall plastering and painting.
This already increased the going rent fee and the buildings taking a new look already though renovation is on going.

That's fantastic, your family took the plunge to renovate the estate or rental building to meet it up with the trending demands that is visible in real estate building investment today. Those inherited buildings of early 90s are meant to be renovated also to meet the current estate structures in this modern world. Some need total demolition cos they are occupying a space that is needed to place an eye catching real estate housing.

 

[Nurudeen]

The best changes to make in meeting rentals demand in a real estate business is to provide basic amenities that will be needed accordingly. If you think you are using dig well as a means of getting water for your occupant the best way to provide A seamless water to them is to hire a borehole digger to commence the work so as to make life easy for the occupant.

Post automatically merged: Jan 5, 2021

The best changes to make in meeting rentals demand in a real estate business is to provide basic amenities that will be needed accordingly. If you think you are using dig well as a means of getting water for your occupant the best way to provide A seamless water to them is to hire a borehole digger to commence the work so as to make life easy for the occupant.

 

[Ojonuyo]

Real estate is a means of generating wealth for the government and even interested real estate agent. But one change and improvement i would love to see is the reduction of housing tax. High housing tax rate are the cause of rise in housing plans.

 

[Sincerem]

The best changes to make in meeting rentals demand in a real estate business is to provide basic amenities that will be needed accordingly. If you think you are using dig well as a means of getting water for your occupant the best way to provide A seamless water to them is to hire a borehole digger to commence the work so as to make life easy for the occupant.

Post automatically merged: Jan 5, 2021

The best changes to make in meeting rentals demand in a real estate business is to provide basic amenities that will be needed accordingly. If you think you are using dig well as a means of getting water for your occupant the best way to provide A seamless water to them is to hire a borehole digger to commence the work so as to make life easy for the occupant.

You're there, going from old fashioned type of generating water to the new method is the best. Which is the opening a borehole pump, improving their in-house amenities like, installing water_system WC and installing chicken sinks to all the flats in your estate building, showers etc. That will improve the estate housing structure so well.

 

[Sincerem]

Investing in rental properties is a great starting point for real estate investors. Rental properties can provide cash flow and generate value from appreciation. Investors also get tax incentives and deductions from owning real estate.


While it can be a lucrative method of real estate investing, there's a lot to know before investing in rental properties. This comprehensive guide will show you how to start investing in rental properties as a beginner. We'll go over what it takes to invest in rental properties, common mistakes to avoid, and things to know before you buy your first rental.
What is a rental property?
A rental property is a residential or commercial property that's leased or rented to a tenant over a set period of time. There are short-term rentals, like vacation rentals, and long-term ones, like those under a one-to-three-year lease.

Residential rental properties are one- to four-family homes, which include:
single-family homes,
duplexes,
triplexes, and
quadplexes.
Types of commercial rental properties include:
multifamily (apartment complexes),
industrial (such as a warehouse or self-storage),
office space,
retail space, and
multi-use.
Residential rental properties are often more accessible to beginners because they're less expensive. Less money is required upfront and that often means that it's easier to get financing. While there are exceptions, residential rental properties are also typically easier to manage. In most cases, managing one tenant is easier than managing twenty.

Well articulated, I really learnt amazing things about setting up different rentals, and how it is categorized. The one understandable to people especially beginners are, the residential rental property. Because they feel they can control an individual and not multitude of people.

 

[Tiwa]

That's fantastic, your family took the plunge to renovate the estate or rental building to meet it up with the trending demands that is visible in real estate building investment today. Those inherited buildings of early 90s are meant to be renovated also to meet the current estate structures in this modern world. Some need total demolition cos they are occupying a space that is needed to place an eye catching real estate housing.

Yea so very true!! Some need total demolision. You see some old buildings almost in tattereds with people living in it. I usually wonder at the liver some people get to live in such places. Or I should blame the people that deem such fit to rent them out .But again, times are hard and you cant blame some people 100%.

 

[Sincerem]

Yea so very true!! Some need total demolision. You see some old buildings almost in tattereds with people living in it. I usually wonder at the liver some people get to live in such places. Or I should blame the people that deem such fit to rent them out .But again, times are hard and you cant blame some people 100%.

Lol, you can't blame some people that sticks to their old building structure. Maybe they lack finance to make it go standard and match other ultra modern building structures around. Some people still rents or lease old and outdated buildings, because that's the one they can afford to get. Base on the amount of cash at their disposal, when one knows that he can't afford such classic building structure he should go for the lower amount.

 

[Abibatabosede]

When planning an estate,all these must have been in line with decisions on the kind of structures to be erected.
I like buildings with spacious compounds,built in future expected designs which will not be easily outdated.

 

[Sincerem]

When planning an estate,all these must have been in line with decisions on the kind of structures to be erected.
I like buildings with spacious compounds,built in future expected designs which will not be easily outdated.

No matter how the building is, even if you preferred using designers tiles, or bricks block and other shining stones to beautify your building. It will still grow outdated over time. That's why I say nothing last forever in my post. But at least it will last for many years, and you will reap the benefits so high before it fades over time.

 

[MastetG]

There are many ways to improve your home’s efficiency, and they don’t all involve tens of thousands of dollars in upgrades. Scott Ewald of Trane, an HVAC company, says installing a smart thermostat is a great way to improve efficiency and save money, for example.

“The right smart thermostat will allow a homeowner to control their home’s climate from anywhere, giving them the power to manage energy costs regardless of whether they are sitting on the couch or away on vacation,” he says. “Such investments in home tech – particularly when connected to the HVAC which is the largest mechanical system in the home – provides a strong selling point and highlights the home’s overall comfort, functionality, energy efficiency and convenience.”

 

[Sincerem]

There are many ways to improve your home’s efficiency, and they don’t all involve tens of thousands of dollars in upgrades. Scott Ewald of Trane, an HVAC company, says installing a smart thermostat is a great way to improve efficiency and save money, for example.

“The right smart thermostat will allow a homeowner to control their home’s climate from anywhere, giving them the power to manage energy costs regardless of whether they are sitting on the couch or away on vacation,” he says. “Such investments in home tech – particularly when connected to the HVAC which is the largest mechanical system in the home – provides a strong selling point and highlights the home’s overall comfort, functionality, energy efficiency and convenience.”

That is a great addiction too, in any building structure of our choice. Adding this kind of facility you mentioned, adding a thermostat facility in our house especially the living house. It's a tremendous one, because thermostat regulate the climate conditions. Regulate the energy efficiency, overall comfort of our home.

 

[giddy]

The basics are those things that buyers expect when they purchase a home. This includes a roof that doesn’t leak, functioning gutters and downspouts, a dry basement, a reliable furnace, solid floors, walls that are in good repair, and retaining walls that work. Most potential buyers also expect your home to have functioning plumbing and HVAC systems. In upscale properties the basics might also include a certain number of bedrooms, bathrooms, and multiple-car garages, and any other amenities that are common to the neighborhood.

 

[Sincerem]

The basics are those things that buyers expect when they purchase a home. This includes a roof that doesn’t leak, functioning gutters and downspouts, a dry basement, a reliable furnace, solid floors, walls that are in good repair, and retaining walls that work. Most potential buyers also expect your home to have functioning plumbing and HVAC systems. In upscale properties the basics might also include a certain number of bedrooms, bathrooms, and multiple-car garages, and any other amenities that are common to the neighborhood.

The changes you expect is highly recommended. Any building structure with this features inside and outside the building, has a very good chance to attract buyers or rentals. Some persons coning to rent, hire, the estate building look into this ultra modern building amenities, cos it makes life easier to live, because you feel comfortable when you're at home.

 

[Alexandoy]

I have a friend who owns a medium rise building that she manages as the building admin. The income from the rental is divided among the family members because the building is owned by her parents. She said that she spends much for the refurbishing that she conducts every year in order to maintain the good looks of the building. The biggest expense is the repainting but the repairs also take a slice of the budget. Their building is still far from being old to be condemned.

 

[CerebralCortex]

I think left for me i would rather renovate the buildings than pull it all down to erect a new structure(s).
One is that it saves time and cost, as you wikk spend less renovating than starting from scartch.

If the initial architectural design of the house is 3 bedroom flats you can renovate it into self contain.

 

[Sincerem]

I have a friend who owns a medium rise building that she manages as the building admin. The income from the rental is divided among the family members because the building is owned by her parents. She said that she spends much for the refurbishing that she conducts every year in order to maintain the good looks of the building. The biggest expense is the repainting but the repairs also take a slice of the budget. Their building is still far from being old to be condemned.

Interesting that your friend conducts maintenance on the real estate housing investment that brings em profit steadily. Maintenance is part of the budget set aside to keep estate attractive for rental, or hiring purposes.

 

[MastetG]

the main thing in real estate is the license, not even the structures as others have stated
How to Renew. After completing educationrequirements, submit your license renewalapplication and $150 State of Illinois licensingfee to IDFPR on or before September 30, 2020. IDFPR's license renewal portal is now open.

 

[Richard92]

As a real estate owner I will like to improve the style and size of my buildings so that it can match rentals demand. Many people love houses with space, a compound where children can stay and play and they also love good structures, trending buildings with new style and nice structures.