Once you’ve bought an investment property, you will want to do everything you can to make the most money out of it. If you’ve put the work into making the inside of the property the best it can be, then it’s time to turn your attention to the outside. You can never underestimate the power of curb appeal and outside storage. Most people want a space where their car or vehicle can be protected from the elements, so you can improve your investment property by adding a garage substitute.
Add a Carport for an effective garage substitute.
If your property doesn’t already have an attached garage, the best way to improve your investment property is to add a carport. A carport is basically an open-air structure with a roof that is big enough to fit a car in. While a carport won’t completely encapsulate a vehicle, it will still protect it from rain, sun, and snow. You can attach a carport to the property itself or have it freestanding. If you are trying to rent your investment property, an added carport can mean that you can ask more in rent, and a carport also adds value if you’re trying to sell your property.
Add a metal building or shed for a garage substitute.
If you have enough space on your property, then you should consider adding a freestanding building or shed. This type of garage substitute is the closest you can get to a real attached garage. Unlike a carport, a building or shed can completely contain a car and protect from the weather. It can also be used for storing other things, including lawn equipment or household items. While you can hire a professional to build a shed for you, there are different types of metal building kits that can suit the space and needs that you have.
Need a garage substitute: add an awning.
Lastly, you can add an awning to your investment property. Perhaps the cheapest way to go, an awning can attach to the property itself or it can be freestanding. However, compared to a carport or a shed, an awning doesn’t give as much protection, but it does offer shade. Awnings are easy to install and are a great choice for adding a lot of value without too much effort or investment on your part.
By adding a garage substitute in the form of a carport, shed, or awning, you can vastly improve your investment property. Renters and buyers see the added value, and it could be the deciding factor in whether or not they choose your property.
See you at a meeting soon!
The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agent, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.
Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.
To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.
The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.
We meet twice a month.
One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.
We look forward to meeting you at a meeting soon!
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