Price Range: from 100 000 F.CFA to 100 000 000 F.CFA
Taille: from 10 m2 to 1 000 m2
Other Features
Price Range: from 100 000 F.CFA to 100 000 000 F.CFA
Superficie: from 10 m2 to 1 000 m2
Other Features

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Apartment Renovation

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How to renovate your apartment

Apartment renovation
If you're investing in land for the first time, you'll probably be very excited once you close escrow on your first purchase. This is great, because investing in land is often a very good way of improving your wealth over the long term. However, if you are a land investor aggressive, as 99% people are-that enthusiasm will quickly turn into the conviction that tons of due diligence awaits you, especially when it comes to renovating your new investment property.
 
Here are a few things you need to remember to better fight your future as a real person. real estate expert.

Budget your money and time wisely

By comparing your conclusion, you are likely to produce a staggering list of all the improvements you are currently on a limited budget. in fact, the repairs will also be completed in 30 days, so that you will rent the apartment and start earning an income. It doesn't happen! Once you get started and realize that the improvements cost far more than you thought and will take longer to complete, you'll make major revisions to your estimates. be careful when estimating a low-cost, quick-turnaround renovation, as this rarely ends up being the case.

Expect to take a position on your capital

 
To get the best information and minimize budget overruns, plan to spend tons of time in the apartment from the day you close escrow until about a month after tenants occupy it. Why? Because it involves a lot of diligence - getting offers, expecting deliveries, reviewing work, doing work, buying supplies (and more supplies), advertising your apartment, reviewing rental applications. You'll do all this in your new apartment. it'll start out fun, but it won't end that way; however, you're on this path to long-term wealth creation, and that's why you're willing to take on a position of time and energy in the hope of a much better retirement.

Don't take the main bid

You need to get several bids to make sure you get a good price for any subcontracting work. The more expensive the job, the more bids you should receive. This often becomes exhausting and time-consuming. However, doing all your homework can result in better and/or cheaper bids in the end.

Focus on paint and flooring

If the paint and flooring in your apartment aren't pretty - and they usually aren't - fix them! It'll cost a little money, but hopefully you'll get a little more rent once you've made these improvements.
 
  • Painting: use a bright, neutral color and paint all the walls the same color and sheen. once you need to touch up down the road, it's nice to have just one color in the apartment, and you'll always have a box of that color available.
  • Floor covering: Your flooring options include carpet, tile, wood laminate and vinyl. Tile is best for kitchens and bathrooms because of water and moisture problems. Wood laminate is best for elsewhere, thanks to its durability and easy cleaning. Carpet is not good for rentals because it stains easily and every new tenant wants a new carpet.
  • Shop: you'll find great deals on laminates, and they're relatively easy and inexpensive to install.

Please check for plumbing and electrical problems

The real estate that are well over 20 years old should generally have their water valves and electrical outlets replaced. So get a few plumbers and electricians together and get bids. Do this while your apartment is empty. Water faucets, water supply pipes, dishwasher and dishwasher hoses and drains pose the greatest risk of leakage and flooding. Change them all. Electrical outlets and covers don't pose as great a risk, but they usually look really bad with many layers of paint in different colors. An electrician can change an entire house of outlets and on/off switches in two a day or less.

Don't choose the cheapest supplies

Stationery

When you're getting bids and looking at costs at a home improvement store, don't just choose the cheapest supplies. These items will never stick around once you've literally made the choice of contracts and purchases for your rental. You'll find yourself buying the most expensive products, creating an avoidable budget headache. These basic tips should be supplemented with your investigation and seeking advice from experienced land investors in your area. They will also produce other good advice. Don't think that being a real estate investor is a simple entry into the park. It's more like a marathon under the hot sun with tons of diligence. But that hard work and determination will make your eventual success even more rewarding!

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