If you want to put your commercial investment property for sale in the UK then you must be doing things to add to its value. To get better returns, owners, entrepreneurs, landlords and investors need to consciously strive to help their assets appreciate.
We all know very well that each property comes with a buying price, an estimated useful life and a salvage value. The buying or historic cost pertains to the amount for which you have bought the commercial asset. The useful life refers to the calculate estimate as to the number of years that the property will remain functional. The salvage value on the other hand may or may not be present and is equal to the estimated resale value of the said asset at the end of its useful life. These three factors are used to calculate depreciation which is equal to cost less salvage value all over life in number of periods.
It is quite common for a property to depreciate overtime but wouldn’t it be better if it appreciates instead? Wouldn’t you get better chances for returns if value goes up instead of going down? Yes and we are here to teach you a thing or two on how to achieve that.
First, stay up to date with repairs and maintenance. Do not let the asset sit down and wait till a buyer shows up your doorstep. You need to give it some TLC so as to preserve its beauty and functionality. You have to address the needed repairs and maintenance. They will come with a cost that is true but you have the option to capitalize it thus add value.
Second, invest in value accumulation improvements. You may want to plant some trees or shrubs on the front lawn, add units of shelving, upgrade furniture and fixtures and similar other renovations. These can really help when it comes to appreciating properties. When assets are improved for the better, there’s no reason for it to depreciate. Plus, doing so will make it more appealing to potential investors.
Third, aesthetic can make a penny’s worth quadruple. Simply adding a fresh clean coat of paint to brighten up the old dirty walls can do so much. Cleaning the front and backyard of fallen leaves and dirt and making the commercial investment property for sale smell good can do wonders. People are more willing to spend more on assets that have been well maintained.
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