There are many different ways to increase the value of your property.
One way is to do a remodel, which usually includes an update of the kitchen and bathrooms.
Another is to tear everything down and start over. Yes, this will take quite a bit of time and money, but if you have prime property with an out of date building, this has the best potential for a significant gain.
Before you get started, you will want to make sure you are working with a real estate development company that knows what they are doing. They need to have detailed information on the different licenses you need along with knowing the local codes.
These change from location to location and if you don’t have the must recent information, you can run into a lot of barriers turning your redevelopment into a nightmare.
Hopefully, this helps you get started on the right foot so you can start increasing the value of your property.