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Maximising Your Real Estate Earnings

Sep 2, 2019Lifestyle

Real estate is a great way to make money in the modern-day and age – everyone is in need of accommodation, and as a landlord, rent comes in the bucketload month by month.

But when it comes to maximising these earnings, and making sure you’re garnering every penny you can from present and potential future customers, there might be some things you need to do. Real estate costs of a lot of money to just maintain, after all, so you need to be sure the return you’re getting on your initial investment is worth your while. 

So let’s run through a few of these money boosting things below!

You might even be able to close a better sale right now!

1.  Keep It Clean

A clean house is a potential friendly, open, and warm home. When someone walks into one of your rentable accommodations for the first time, and they’re greeted by well-painted walls and sparkling floors, they’re going to go the extra mile to make sure they get a deposit down on the place!

So, schedule regular cleanings of your accommodation, in between tenants or vacation makers. Make sure there’s not a speck of dust to be found, and that the windows are regularly washed and dried, with no chance of soap trails to be sneered at. And don’t forget to clean the inside of cupboards and appliances too – a dirty, crusted over oven does not make a good impression on the vacation review boards!

2.  Be The Best Host

Hosting someone, whether they’re on vacation or they’re temporarily staying in the city for business purposes, takes a lot of effort and a bit of polish. You want to make a good impression on anyone who stays with you, and you want them to come back again, and tell their friends to come along too. All in all, a proper hosting system and service can make you double the amount of money off of your real estate, compared to what you’re making now. 

Just look into some concierge airbnb platforms – if someone is around to answer to a tenant’s beck and call, or plan trips and tours for them on the vacation of a lifetime, you’re going to be able to charge more for the service alone! And the repeat business you can gain? Your savings account will never look better.

3.  Move With The Times

And last but not least, make sure you keep up with the times. Your real estate needs to be a reflection of the market around you – if you’ve invested in a modern, contemporary area, it’ll be hard to make money off of breaking away from the mould! Make sure your interior design choices make sense, and try to keep standing out to a classy minimum.

Maximising your real estate earnings will take some time and effort, of course. But it’ll be worth all of the money and the months you put into it. Remember, investing in the tourism sector is a smart choice!

How do you make sure you’re maximising your real estate earnings?  Comment below!

Best,

[a contributed post]

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