What is the point of owning a piece of real estate property whose market value reduces over time? Solid investments are ones whose value increases over time. It is true that there will be external forces affecting the value of your property, but there are ways you can gain the upper hand when it is time to appraise your home. There’s a lot that goes into buying a home, but there are a few upgrades that come with a big return. While interior improvements might seem tedious, we have a few recommendations on how to ensure your property will increase in value, and eventually provide you with revenue:
Constantly clean homes are more likely to retain their value over time. Make a habit of regularly cleaning your home. Cleanliness depends on how much effort you put into maintaining it. All the dirt in the nooks and crannies should be succinctly detected and dealt with. You can utilize a cleaning service if you become overly busy throughout the week. They are sure to take out all the dirt from the nooks and crannies you miss when you clean yourself.
Examine each room for problems that need to be fixed, such as leaking roofs, electrical issues, and plumbing. In some cases, you might need to rewire the entire house because it may be an old wiring job that needs newly improved cables, or your facets may have rusted and a brand new overhauling will not only look good but provide you with the opportunity to introduce a modern look to your home. These changes may cost you some money but can easily triple the value of your home as new owners are drawn to a modern look.
Invite an expert over to check out your real estate property, and determine areas that need to be restored to good condition. Having a good property management organization will be best; they have the technical know-how to regularly evaluate, repair and maintain your property in order to have it in great condition. For instance, all Devtraco Plus properties are managed by the top-notch property manager, Talis Property Services. They ensure that they put in the painstaking effort to maintain and increase the value of your property.
Real estate with modern, efficient and well-functioning features have more value than those with sub-par features. Always be on the lookout for ways to remodel your home with up to date technology and quality designs. Go through magazines and design sites to read about remodelling techniques, which can help influence you as to what remodelling decision to take exactly. Get a to-do list on what to do, and allocate a sufficient budget where necessary. You should also determine the ones to be done by yourself and the ones to be handled by experts.
You also need to know who your most likely buyer will be, in the event that you would like to sell. Having a clear picture of the type of buyer you would like to attract will influence whether you need more spare rooms, new furniture, a playroom, etc. This way you are able to present the property according to the taste of a prospective buyer, and justify your selling price.
Do you feel like your home is a little worn out, inside or out? Repair cracks in the walls if any and repaint the house. Home painting is low cost, but can greatly enhance your home's look. Painting makes even old surfaces look brand new and adds instant charm to your home, whether you're painting your living room, bedrooms, or even your front door. In addition to improving your comfort in your home while you live there, these modest changes can also increase the price of your home when you decide to sell. When you're ready to upgrade to a larger, nicer home, a home that gains value can provide a huge financial advantage.
Get rid of clutter to make the house look very spacious. A clutter-free home gives the illusion of a grander area and makes it feel like a piece of real estate that guarantees more freedom and relaxation. For every room, determine which items are unnecessary and move them out of the way. One quick way to identify “unnecessary” items is to notice the ones that have taken up space but are not in use or are not really missed when they are gone. Those items should be moved to your storeroom.
The environs of your home are as important as the building itself. Commit some time and money to landscape to improve the aesthetic appearance of your real estate property. Plant trees, shrubs, grass and flower paths to give the property a warm and welcoming feel. You should also maintain this constantly, as overgrown lawns, weeds and misplaced vegetation all take away from the appeal (and in the long run, the value) of your property. If your home is on land that is uneven, terracing could help solve the problem. The landscaping can be done yourself, or you can have professionals over to handle the terrain for you.
Depending on the home you’re selling if it comes already furnished. It’s best to ease the buyer’s mind and present your home as more valuable. Ensure your home's systems and appliances are up-to-date and fully functional. Inspect everything in your home. Solve the problem if the air conditioner keeps making clunking noises. Repair plumbing leaks if they exist.
We are in a technology age, upgrade your home as such. Fix a smart camera, smart lock and smart lighting system. These little changes place you and your home ahead of the market value in Ghana and can easily increase your market value with these tips.
Remember, for your real estate property to maintain a high value, make sure that your home is constantly clean and maintained, has the latest in design and appliances, is clutter-free, and has amazing landscaping. It is even better when you own a home where all of these value-adding benefits are taken care of for you regularly, without you having to bother about them. Purchasing a Devtraco Plus home comes with advantages like these. Why don’t you take a look at our properties?