Gareth Henry Explains Repositioning as a Fastest Way to Add Value to Your Property

Everyone strives to make the most of their money. Technology is influencing real estate investing’s “where and how”. Over time, terms such as urban renewal have been rampant in the real estate sector. Gareth Henry, global head of investor relations as well as private credit and hedge funds expert, points out that repositioning of real estate is the hottest trend in the sector. This is a path investors can follow to enhance their returns. However, Gareth Henry does not give any guarantees. Just like any other business, a risk aspect is involved calling for the need to follow well proven guidelines.

Appreciate your strengths

Gareth Henry defines repositioning as the process of adding value to a property through changing its quality, character or purpose. Repositioning can be applied to any type of property ranging from single family home to multifamily resident.

Mr. Henry worked at Fortress Investment Group as a managing director. After graduating from the University of Edinburgh in Scotland in 2000 with an actuarial mathematics degree, he worked at Schroders, a global investment firm.

Mr. Henry pointed out that repositioning can involve as little as adding a paint coat to a property and as much as demolishing a whole property and rebuild it a fresh. He a recommends for investors to appreciate limits as not everyone can afford the time and money which goes into overhaul of a property. See more at bizjournals.com for more business news.

How to reposition a single property or multifamily property

Focusing on projects that minor repositioning can count, here are some aspects that you can reposition to make a big difference.

  1. Appearance

Appearance

Gareth Henry recommends tuning the appearance of rental property to make tenants more willing to pay more and promptly. You can improve the appearance through painting, landscaping, resurfacing parking areas or sidewalks. This will have almost immediate impact on your returns.

  1. Structural

Structural

It involves adding some new amenities such as pools as well as changing the layout of your property. Structural positioning is more involving but can have a great impact on the property.

  1. Running smoothly

Running smoothly

Running smoothly repositioning involves changing how the property operates. It can involve change of management, new policies on tenants’ admission as well as adding more revenue streams such as laundry renters.

Pay off

Gareth Henry believes that any selected repositioning option should be backed by realistic expectations as well as research. With an elaborate plan, repositioning can bear significant positive results within a short period.

Read more: https://en.everybodywiki.com/Gareth_Henry

Got Something To Say:

Your email address will not be published. Required fields are marked *

*

Copyright © 2019. Powered by WordPress & Romangie Theme.