How to Turn Your Californian Home into a More Profitable Cash Cow

SavingsIn these difficult economic times, it is essential to turn every single special skill and personal belonging into an extra source of income. If you are lucky enough to own a fantastic Californian property that you use only once in a while, you could decide to turn it into the perfect vacation rental. Or better yet, you could boost its curb appeal, make minor adjustments on the inside and outside of your property and put it up for sale. Either way, a properly maintained Californian home could become your very own cash cow allowing you to overcome times of financial hardship and increase your quality of life. Don’t know where to start? Here are a few pointers that you could consider if you feel ready to upgrade your property and make more money.

Invest in Basic Improvements without Overspending. Let’s get one thing straight: you can’t make more money if you are not willing to spend a dime out of your own pockets. According to Forbes, even a basic cleaning process could cost you anywhere from 100 to 200 dollars and up, depending on the size and current condition of your home. This small amount can trigger a substantial profit ranging from 1,500 dollars to 2,000 dollars, according to the same source. You don’t have to make a huge financial effort to transform your home into a money-making machine. A new front door, a coat of paint applied on all exterior walls, a few potted plants placed at the entrance and artworks hanged on your walls are only a few simple, cost-effective additions that you could concentrate on.

Use the Right Marketing Tactics. Promote your property with your primary audience in mind. Are you targeting families with lots of kids? If so, make your Californian house look spacious and lived-in. Are you more interested in deep-pocketed singles who could rent your home for an indefinite period of time? In this case, talk about the giant heated pool, large patio and fantastic indoor bar that could ensure the perfect ambiance for unforgettable parties. Recent studies indicate that online listings containing walk-through tours attract up to 15% more prospects than the rest; so don’t forget to post quality pictures and videos to stand out from the crowd.

Convert Your Property into a Safer Environment. No matter whom you would like to rent or sell your house to, consider home security a top priority. At this point in time, more and more people seem to be interested in gadgets that deter burglars, leading to a safer environment and a superior comfort. Invest in a state-of-the-art security system with home automation that will sweep potential buyers or renters off their feet and make them want to move in as soon as possible and write you a bigger check.

Aug 2014