{"id":22118,"date":"2018-10-15T12:00:59","date_gmt":"2018-10-15T16:00:59","guid":{"rendered":"http:\/\/www.escapeartist.com\/?p=22118"},"modified":"2020-06-25T05:55:11","modified_gmt":"2020-06-25T09:55:11","slug":"ways-to-increase-the-value-of-your-properties-abroad","status":"publish","type":"post","link":"https:\/\/www.escapeartist.com\/blog\/ways-to-increase-the-value-of-your-properties-abroad\/","title":{"rendered":"Ways to Increase the Value of Your Properties Abroad"},"content":{"rendered":"

Owning properties abroad is a popular way to diversify your investments and assets. The beauty of diversification is that it allows you to protect your investment capital in case your domestic real estate investments are hit by the ever-changing economic conditions in the U.S. In many cases, you will find great opportunities to <\/span>take your investment overseas<\/span><\/a> by evaluating the booming real estate market in other countries. Needless to say, you need to obtain a clear understanding of the laws and tax codes in the foreign country where you are looking to invest. <\/span><\/p>\n

Once you have invested in properties overseas, you don’t just leave it there and wait for its value to increase over time. If you want to amass a fortune through international real estate investments, an active and ongoing management of your properties is vital. <\/span><\/p>\n

We highlight some of the simple steps you can take to increase the value of your property investments abroad, so you can increase your net worth with this source of income: <\/span><\/p>\n

Detail Cleaning <\/b><\/p>\n

This is one of the simple steps you can take that will have an immediate impact on the value of your property. You will be surprised how regular home maintenance and decluttering can make your life so much easier when it is time to rent out or sell the property. As an investor who lives away from your real estate investments, you may opt to <\/span>hire professional cleaners<\/span><\/a> and schedule them to come in a bi-weekly or monthly basis. You can also hire a caretaker to keep watch of the property while you are away. This way, you have someone trustworthy who will monitor the comings and goings of people, including cleaners, on your property. After an initial deep clean of the place, you can commit to a regular ongoing clean to preserve the improvements in the property.<\/span><\/p>\n

Stay on Top of Maintenance Work<\/b><\/p>\n

Real estate companies have a dedicated property management department to keep their buildings competitive with other properties in the area. As an independent investor, it is crucial that you also keep on top of maintaining the property to enhance its profitability and minimize repair costs. In addition, a routine maintenance of the place can improve tenant retention, which in turn allows you to earn continuously without needing to look for new tenants every few months. <\/span><\/p>\n

To keep on top of maintenance, it is a good idea to invest in trusted contractors and vendors who will look after the essential maintenance works. Have them perform a regular inspection of the property to give tenants an assurance that maintenance works are efficiently looked after. <\/span><\/p>\n

Work on Improving Your Property’s Curb Appeal <\/b><\/p>\n

We all know that first impressions are lasting, and it is no different when it comes to properties. If an appraiser or potential buyer is coming to check on your property, you want to make a good impression from the get-go, which means impressing them even before they enter the house. So how do you do it? The first step is to assess the curb appeal of the house by looking at it from afar, and comparing it with other houses in the neighborhood. Then evaluate whether your property measures up to houses on the street, or whether it needs any improvement to make it look more appealing to prospective tenants or buyers.<\/span><\/p>\n

\"WaysThere are simple ways you can freshen up the exterior of the property. We go over some of them here: <\/span><\/p>\n