2 Simple Rules to Improve Condo Value

November 5, 2008 · Filed Under Selling a Condo · Comment 

Attention condo boards.  One of the things that affects your value is how your building is viewed in the market place.  Simply put there are two things from my perspective that are very simple to do and can make a big impact.

 
1. Signs.   Have you ever noticed that you can’t even see some condonium complexes through the forest of signs?  From my persepctive a for sale sign is a valuable thing but too many signs, some leaning over, here there and every where, give the buyer the impression that maybe they should be looking in a RV park for a nice trailer.  Solution:  A nice master sign that has a reduced sign size where the REALTOR’s signs can hang one under another. 

2. Keyboxes.  Now most condo corporations couldn’t give a S–t about keyboxes.  Wrong answer though.  You may not be selling now, but if you do you want your complex to be as presentable as possible, and have values hold for when you do sell then having keyboxes strung all over the place conveys a message that this complex isn’t very organized.  Solution:  Bolt a bar in an easy to access location, but not right in the main entrance. That way the keyboxes are easily accessible but not in your face. If your complex is large maybe you need a few of them.

If you’ve ever bought a resale condo then you know what I’m talking about.  Simple stuff can make a big difference in a buyer’s mind.

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