Manchester property developers — you want more!
Could your existing apartments be worth around 10% more?
Current research being done by our MBA intern — he is looking at the relationship between the residual value of investment motor vehicles and property assets — and the initial insight is quite interesting..
The general findings show that vehicles that have been owned and maintained in line with OEM recommendations are worth in the order of 10% more than assets that do not have formal maintenance records (full-service history).
Aha, I hear you cry — surely that is obvious when talking about cars as the 10% extra value has been spent during the life of the vehicle (in preventative maintenance), which would mean that it is not really an ‘additional’ return. This assumption would be correct, however — there are the hidden benefits of having a more reliable (and safe) car during its operational life, which means that emergency repairs/upset are more likely to be reduced. As with a well-maintained apartment, the tenants have less of a chance of having a problem — and in turn, require additional out of hour assistance. This ultimately means that residents would have a more positive tenant/landlord experience, with less unplanned maintenance charges!
There are some other interesting insights into how hidden value can be measured, with the adoption of more advanced maintenance strategies — the important, and the critical element is ensuring that the cost of this activity is effectively managed and monitored to ensure a positive return on investment.
DadShed is a Manchester PropTech startup, with the first app that is designed to simplify property management, while building trust and networking property, people and places..
*We are finding it hard to unearth specific raw data within specific property segments — anyone working within this area, we would love to speak with you and share our research — in return for your input.
Let us know what your thoughts are we’d love to hear it https://www.crowdholding.com/project/100/task/1227/
Leave Manchester property developers — you want more! to:
Best Posts From DadShed
We have not curated any of dadshed's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.