4 Steps to Turn Around the Exterior of Your New Investment Property

By Anica Oaks 

Now that you have bought a property that needs to provide a return on your investment and generate income, it needs to look its best and be in good condition. When updating the exterior, here are some things to work on that will attract the interest of buyers or renters.

Repair the Roof
A home's roof is an important consideration to people looking to rent or purchase a property. Damaged or inadequate roofing can lead to moisture leaks from rain or snow. Wind damage can worsen the roof's condition. Check to see that the shingles are intact and nailed securely. Ensure that the gutters and downspouts are properly installed and free of leaks or rust. The chimney should also be inspected for signs of crumbling bricks or mortar as well as any openings that would enable insects, rodents, or birds to get inside. Professional roofers can handle these issues if you lack the time or expertise.

Update the Windows
A building's windows need to be in good condition without leaks, cracked glass, or torn screens. The window casings and frames should also be solid and not warped or damaged. Paint the frames to coordinate with the home's exterior color or texture for a smooth, updated look. Indoor curtains, valances, or drapes can often be seen from outside, so choose a style that enhances the window design. You may want to install shutters or awnings made of canvas or aluminum to shield the windows from sunlight glare and add attractive accents.

Enhance the Entrance
Homebuyers always check out the front door first. If the entrance is appealing and welcoming, they are likely to schedule a tour to see the rest of the property. To make the most of your property's entrance, freshen the front door with a coat of paint. Add hanging baskets of flowers or planters on the stoop or steps as well as a seasonal wreath on the door. Trim any hedges or bushes at the front of the property. Clean the yard and add fresh mulch to flower beds.

Reinforce the Foundation
Walk around the house to see how the foundation looks. If rainwater trickles toward the foundation, reposition the dirt alongside the basement foundation so that it slants away from the house for better drainage. Tuckpoint any gaps or cracks and clean up crumbled brick, block, or cement.

With a few basic tasks like these, your investment property can look better than ever. Take time to objectively appraise the home's curb appeal, and make improvements like these to attract interested shoppers.

Anica Oaks is a freelance writer who hails from San Francisco, California. When she's not writing, she's enjoying her time outside with her dogs. Keep up with her on Twitter @anicaoaks.