So you’ve used your Solo 401k to purchase some investment property and now you’re ready to sell?
Here Are 3 Improvements to Make to Sell Your Rental Property Fast
Owning investment property is not for everyone, even if you were smart and used the tax advantages of buying your investment property using your Solo 401k. If you’ve been struggling to attract quality tenants to your investment property, you may be asking yourself, “Is it time to sell my investment property?” Or perhaps, after years of earning high income from your property, it’s time to move on with your retirement. Many investors consider selling their Solo 401k properties as an exit strategy but are worried that they will not be able to sell quickly.
With the help of BenBuysIndyHouses.com, we’ve got suggestions of 3 quick improvements to make to your investment property if you want to sell it quickly just like these happy Indianapolis homeowners did:
3 Improvements to Make to Sell Your Investment Property Fast
- Fresh paint– A fresh coat of paint will cover a lot of sins. Pick a neutral white or cream shade, which will give your place a clean and airy feel. Bright paint colors feel dated and can turn off potential buyers who don’t like those hues.
- Simple yard work– You’ll get a lot of bang for your buck by performing simple yard work that shows off the home exterior at its best. Mow the lawn, rake the leaves, trim trees and shrubs away from the house, and sweep the sidewalks so your place looks inviting. If you can, plant a few flowers in flower beds or place a cheery plant by the door to give your home that extra-special touch.
- Upgrade the electric– By calling an electrician and paying for him to perform an afternoon of simple electric upgrades, you can attract more buyers. This work could include adding more outlets in rooms, installing dimmer switches for lights, putting motion sensor lights in the front and back of the house, and removing and replacing any dated light fixtures with modern ones.
To get more information on buying and selling your Solo 401k investment property fast, contact us today.