Unlocking value means to increase the value of a property. This can be done through a number of different methods, such as:
- Renovation: Improving the condition of the property by making repairs or updates.
- Redevelopment: Changing the use of the property, such as converting a house into apartments.
- Improvements: Making changes to the property that increase its functionality or attractiveness, such as adding a pool or a deck.
Unlocking value can be a good way to increase the return on investment for property owners. However, it is important to carefully consider the costs and benefits of any proposed improvements before making a decision.
Here are some examples of how unlocking value can be used in Australian English in the context of property research:
- A property investor might buy a property that needs renovation and then renovate it to increase the value of the property.
- A property developer might buy a property that is in a state of disrepair and then redevelop it into a new project.
- A homeowner might add a pool to their property to increase the value of the property and make it more attractive to buyers.
Unlocking value is an important concept to understand in the context of property research. By understanding the different methods that can be used to unlock value, investors can make informed decisions about their property investments.
Here are some additional terms that you might come across in the context of unlocking value:
- Return on investment (ROI): The amount of money that is earned on an investment, expressed as a percentage.
- Cost-benefit analysis: A method of comparing the costs and benefits of a decision.
- Feasibility study: An analysis of the potential viability of a project.