Maximizing Your Investment Property’s Aesthetic Appeal for High Returns

Rental properties are a great way to make money. It’s important to make sure that the property looks its best to attract tenants and increase your overall return on investment (ROI). Here, Boston Demolition & Removal has compiled strategies that will help you maximize your investment property’s aesthetic appeal and draw in renters.

Determine a Reasonable Price

Pricing a rental property can be tricky. You need to make the price high enough so you can pay back your loans and then some, but not so high that potential tenants pass on your property for others. Start by using an apartment finder app to see what price similar units are renting for currently. Then, crunch your own numbers and find a happy medium that reflects your data.

Refresh the Kitchen

One of the most cost-effective ways to update your investment property is by replacing countertops. This can be done relatively inexpensively with laminate or tile countertops, depending on the look you are going for. However, if you choose to go with granite, you can find them at discounted prices from local suppliers or online.
Adding an attractive range hood can also make the kitchen a more attractive and functional space that potential buyers will appreciate. Many people leave in outdated and low-functioning hoods, but they can cause kitchen smells to linger, including smoke. A new updated range hood will keep the kitchen air clean and give the space an upgraded look.

Refinish Floors

Replacing carpets is another great way to improve the look of your investment property. If carpets are beyond repair, consider refinishing floors instead. Choose hardwoods as they tend to last longer and add value to any home. If budget allows, you can also consider luxury vinyl planks as they are waterproof and durable and has a more modern look.

Update Appliances

Appliances often take up a lot of space in a rental property, so it’s important to make sure they are up-to-date and functional. Consider replacing outdated appliances with newer models that offer energy efficiency and better performance. Updated appliances also attract more tenants as they know that they won’t need to worry about dealing with old or broken appliances for a long time.

Spruce Up the Outside

The exterior of your investment property should always be well maintained, as this is usually one of the first things potential tenants will see. Repainting the outside is one of the easiest ways to freshen up a rental property without spending too much money, but make sure you use high-quality paint that will last long. Be sure to clean gutters regularly so that water doesn’t accumulate around windows or doors, which could lead to mold growth if left unchecked.

Homeowners who want to make the most of their outdoor space should consider upgrading their landscaping. You can find online visual guides for selecting plants that suit different climates and soil types, as well as detailed recommendations on how to care for each type. This way, you can buy the right plants that will thrive in your outdoor environment and achieve your desired aesthetics.

Install Smart Security Options

Protect your property and make your tenants feel safer with smart security technology. You can add a video doorbell so that residents can check who is at the door before opening it. And there are many DIY-friendly camera systems that you can install yourself or hire a contractor to install versus investing in an expensive contract with a security company. Plus, these systems are usually easy enough to troubleshoot yourself using online resources.

Add Extra Polish

Make your rental stand out from the crowd with unique signage that is sure to draw attention. Metal lettering cast in bronze, stainless steel, or aluminum is a fantastic way to add extra polish to the exterior of any property. With so many options available, you’re sure to find something that’s just right for you.

Promote Your Property

Promoting your rental property is essential to attract potential tenants. Utilizing social media platforms, such as Facebook and Instagram, can be effective in reaching a wider audience. Posting high-quality photos and a detailed description of your property can generate interest. 
Another way to promote your rental property is by creating a brochure that includes information on the property’s features, location, and rental price. Be sure that you are also incorporating effective imagery. You can use free online templates to get started. Then, customize the content as much (or as little) as you’d like before printing. This brochure can be distributed to local businesses and real estate offices, increasing the chances of finding a suitable tenant.

Set It Up as a Business

Forming an LLC provides additional legitimacy when running an investment property business, especially when it comes time for filing taxes each year. An LLC protects personal assets from any potential liabilities, as well as provides tax advantages. Make sure you research state regulations before forming an LLC so that the formation process goes smoothly.

Create a Desirable Investment Property

Improving the aesthetic appeal of your investment property doesn’t have to break your budget. There are plenty of ROI-friendly ways, such as updating countertops and landscaping and adding extra polish to your exterior with metal letterings. Once you’ve made these key upgrades, you can simply sit back and watch the rental income roll in.

Are you in need of demolition services to get your new property updated quickly? Then contact Boston Demolition & Removal!

This article was written by Megan Cooper of reallifehome.net

Best Qualities To Look For In a Demolition Contractor

Before starting any demolition project, it is essential that you vet your Demolition Contractor. What are some of the items you should be looking out for? What are the best qualities? Let’s take a close look into what we believe the best qualities in a demolition contractor are.

1.) Licensed & Insured

2.) Established

3.) Team-Oriented

4.) Well-Maintained Equipment

5.) Responsive

First and foremost, your demolition contractor must be licensed and insured. This is essential as liability can become a huge issue on job sites where environments can be more injury prone than others. Additionally, your contractor must be licensed legally in the state where you are completing the project. The last thing you need is massive legal problems delaying your demolition project. Insurance not only protects the client, but also the company. A well-insured demolition contractor shows that the company cares deeply about its own practices and is committed to providing the best product possible.

Additionally, an established demolition contractor is without question the best demolition contractor to work with. Surely new demolition companies might provide a better deal or other incentives, yet there is no better indicator of future performance than past performance. If you’re looking for a guarantee that you will receive a top-quality product, utilize an established Demolition contractor that has a successful and high-level track record. Established Demolition contractors will not hesitate to provide testimonials and examples of past work.

Teamwork makes the dream work. It is no different in the construction industry. A company with a high-performing team shows its commitment to taking care of its employees and instilling great leadership values. Additionally, high-performing teams will complete jobs on time and deliver quality results. Turnover can often delay projects by months, yet a strong team will completely avoid this peril.

While Brand New Equipment does not define a demolition company, well-maintained equipment certainly does. When a company arrives with equipment that has been cleaned and maintained, it is a CLEAR indication of their attention to detail and commitment to their own investment. That is the kind of company you want working on your next project. There is no need to judge a company for using older equipment, but there is certainly reason to judge a company for mistreating new equipment. A company that puts in the extra effort to ensure that its image and livelihood are maintained is the same company that will put in the extra effort on your project to ensure it is completed to the highest degree.

Finally, ensure that your demolition contractor is responsive. This can be identified relatively early on in your initial contact. Why is responsiveness such an important component? Poor communication can often result in high tension between the client and contractor. Avoid this at all costs by hiring a contractor who is responsive, licensed & insured, established, team-oriented, and focused on maintaining their equipment.

If you have any questions or are looking for a quote on your next demolition project, do not hesitate to reach out to Boston Demolition and Removal!

Why All Demolition Companies Need A Professional Website

More often than not, Demolition Companies neglect the digital component of their business. Let’s take a look into why a professionally developed website is one of the first things all Demolition companies should invest in and why Boston Demolition has never looked back!

First and foremost, your website represents your business in the ever-growing digital world. Why leave the interpretation of your business up to speculative searchers when you can precisely determine what is and what is not shared online? By having a website professionally developed, YOU determine the online narrative of your business. Looking to show online users that your business is polished and professional? Have a custom website developed using your branding and project content. Are there charitable organizations that you’re involved with? Share it on your website. Looking to share information about what licenses you have and what areas you operate within? Utilize a website. Why waste hours trying to convey small details to customers when you can simply direct them to the respective areas of your website which share far more information than they could have imagined?

Capture leads! How is your business currently capturing leads? Facebook? Instagram? Word of Mouth? By building a custom website for your business that has dedicated contact forms, owners of said businesses often find a 20% or more increase in revenue year over year just by allowing potential clients to provide their information in a secure online environment. Dictate exactly what information people provide upon initial contact. Direct contact forms to dedicate emails to ensure that inquiries are met with a timely response. As more and more businesses build their own custom websites, potential customers will simply move past those without an online presence.

Showcase your work! As briefly mentioned above, showcasing work online can truly seal the deal before even getting on the phone with the client. Past results are the greatest indicator of future performance – so show off your best to reassure clients that they are making the right decision by working with your company. Additionally, showcasing your work is something to be proud of. With a custom website, you can display captivating before and after shots as well as provide a list of trusted past clients.

Hire employees. In this day and age, recruiting laborers can be a difficult task. This task is 10x more difficult if they have nowhere to apply for jobs. With a custom website, you can seamlessly integrate application forms to ensure that you attract top talent.

Grow your business! All of these main points above will lead to one thing – growth! If you’re looking to grow your business into what you’ve always dreamed of, take advantage of the digital age and build a custom website. Boston Demolition & Removal proudly worked with Peak Interactive on our website and we could not be happier. If you have any questions about our experience with our website or are looking to be put in touch with Peak Interactive, please do not hesitate to reach out to us!

Finally, if you have any questions regarding demolition projects or are looking for a quote, please contact Boston Demolition & Removal!

Why Should You Hire an Experienced Foreman?

Effective leadership is key to growing any business. From the office to the job site, you must ensure that each and every project is properly managed at every level.

So, why hire an Experienced Foreman?

The most basic advantages of Experienced Foremen are the following:

1.) Jobsite Management

2.) Team Motivation

3.) Command Over The Industry

4.) Effective Preparation

5.) Success-Focused

Let’s take a deep dive into these five advantages and see just why hiring an experienced Foreman may be the best thing you can do for your business.

First and foremost, Experienced Foremen can efficiently manage job sites. With their experience and ability to remain organized and level-headed, Jobsite management will significantly benefit. Foremen often operate as trusted employees who can make decisions, communicate with clients and contractors, order material, ensure safety protocol is followed, and more.

Not only can Foremen make game-time decisions, but they can also effectively motivate teams in order to complete jobs on time or early. We all have those days – where the clock simply could not go slower and our mind truly cannot focus. Foremen can often help those workers who may be having an off-day and assist them in staying on task. Not only that, but recognition from Foremen who are seen as trusted leaders can significantly boost morale.

Having command over the demolition industry and your local area of business is essential to the success of your company. By utilizing an experienced Foreman, you have a trusted individual who may already be extremely familiar with the area. Additionally, an experienced Foreman knows job sites inside and out, allowing for faster completion times and fewer errors in the workplace.

Failing to prepare is preparing to fail. Utilize your Foreman to prepare and each every project to the fullest extent. They’ll know what needs to be ordered, the manpower required, and the timeline to complete. This alone is a worthy reason to hire an experienced Foreman.

Finally, Foremen are focused on the success of your company. They care about the quality of their execution and understand that their work in the present will determine their future success. Experienced foremen understand that if they jeopardize the reputation of the company, they’re simultaneously jeopardizing their own reputation. Experienced Foremen care about the company they work for.

If you have any questions or comments regarding the hiring of an experienced foreman or are looking for a quote for your next demolition project, please do not hesitate to contact us!