In this episode of Get Real Wealthy Season 2, Quentin talks about improving curb appeal.
Quentin says that when it comes to attracting better tenents, curb appeal plays a huge role. You can develop a low-quality profile on your investment property by turning tenants away due to bad curb appeal. Quentin shares a few tips that can help you improve the curb appeal of a rental property or an apartment building. First, you need to have the area maintained. Whether it is grass in the garden or snow on the sidewalk, make sure that it is cleared and maintained.
The next thing that you want to think about is the brickwork or the outside of the building. Some people clean up a building by spraying the brick, and it can look really sharp if it’s done right. This can greatly improve the look and feel of the building. The next thing to look at is the entranceway. Make sure that there is no garbage on the floor, it is painted, and is kept up well. If you have an elevator, make sure that that area is cleaned, as well as any stairways in the building.
The next thing you want to ensure is that you have good lighting, especially on the exterior, around the building, and in the parking lot. It is important for safety reasons. You want to make sure that everybody feels safe. Another way to improve the curb appeal is to add security cameras. Lastly, you need to maintain and fix the driveways and the walkways if there are any bumps or worn-out patches. By implementing these tips, you can significantly improve the curb appeal of your property or your apartment building.
Quentin D’Souza is the Chief Education Officer of the Durham Real Estate Investor Club. Author of The Action Taker's Real Estate Investing Planner, The Property Management Toolbox: A How-To Guide for Ontario Real Estate Investors and Landlords, The Filling Vacancies Toolbox: A Step-By-Step Guide for Ontario Real Estate Investors and Landlords for Renting Out Residential Real Estate, and The Ultimate Wealth Strategy: Your Complete Guide to Buying, Fixing, Refinancing, and Renting Real Estate.