How to renovate your apartment for profit

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• Adding split air conditioner will make the apartment more comfortable, will add to the amenities and will allow you to charge marginally higher rent. Besides, this one-time investment will not cost you much.

Stick to a budget

Renovations can be expensive. So, as a thumb rule, you should spend between 5% and 10% of the value of the apartment to make changes. Create a budget and identify the areas that concern you. Then, start by addressing the larger issues and before moving on to smaller tasks.

Talk to agents to understand what renters are looking for

When you are confused about what renovations will be most appreciated by a renter, speak to real estate agents. They will give you a clear idea of what the priorities of a renter are. Some of the suggestions may even be location specific, so keep that in mind.

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Get professionals to do the work

Do not underestimate the need to appoint professionals to do the renovation. Hiring professionals may cost more, but it will take less time to finish the jobas compared to doing all the tasks yourself. Also, the finish offered by a professional team of workers will enhance the value of your property. Since this isn’t something you would do on a regular basis, it is worth your while to spend on it.

With these handy tips you will be able to make appropriate changes to your apartment to ensure that it fetches a substantial price when you put it on the market.