The Right Terminology

[Reece Register]

One thing I love about real estate is taking what a property is and making it into something better. Most of the time we hear words like rehab, remodel, or flip... These are terms of the past. We should be asking ourselves as investors we does the future look like and how do we make our properties reflect that? When purchasing a property in a competitive market I want to make it different and stand out. How is that done? With these new terms that I evaluate on every purchase. 

Reposition - Curb appeal, New Residents, Better Leases, Better Exterior Standards From The Residents 

Functional Amenities - Washer Dryers, Dishwasher, Storage Sheds

Post COVID shutdown this is more relevant than ever. Rental market has a huge demand and what better way to capitalize on it than delivering a "Prime Property"

Renting a property side by side another unit without these could be 100-200 difference per month. Quality first and the quantity will follow. Would love to hear some thoughts on this?