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20 Ways to Increase Your Property Value
You want to earn quick capital appreciation on your property value
within a year. Here¡¯s 20 ways to achieve your purpose:
1. Increase the curb appeal of your property. Curb appeal is
simply the appearance of your property. Replace old gutters, clean the
yard, apply a fresh coat of paint and spruce up the landscaping. These
are all projects you can do on your own or have a handyman do them for
you without high expenses. First impression means everything!
2. Increase the square footage of your property by finishing a
basement or attic. A bigger property gets bigger dollars.
3. Update your bathrooms. Simple inexpensive improvements can
increase property value substantially. Replace old fixtures, faucets,
toilets seats and even shower curtains. If you have the money and you
can afford renovations, tiled showers, or a new vanity is a great place
to update.
4. Update your kitchen. Perhaps the only room in the house that
is even more important than the bathrooms is the kitchen. Replace
appliances, refinish cabinets and enhance the lighting, this will give a
new better looking kitchen that is inviting to any potential
tenants/buyers. Any time and money spent in the kitchen will almost
always pay you higher dividends.
5. Increase your storage space. We all have junks and need a
place to put it away. So the more storage place, the better. Clean your
garage and your attic if you have them. Show the world an immaculate
storage area and it not only shows how much room there is, it also tells
them how well you've maintained your property.
6. In cold weather climates, add a garage. If you have the money,
do it. Consider it a short-term expense for a long-term gain.
7. Replace or fix a roof. A leaky roof is so damaging that it
will decrease the overall property value and cast you in negative light
as a property owner. If you let the roof go, it basically means letting
your property value drop too.
8. Go neutral for interior painting. If you want to add a fresh
coat on the inside of your property, use neutral colours such as
beige, ivory, taupe, black, gray, and white.
The interior colour of a property is a personal choice and one you
should never attempt to make for the new owner.
9. Make sure your property is clean. Nothing devalues a property
like clutter and dirt. Get your sweep and vacuum out and have your
carpets cleaned and your floors washed.
10. Windows of Value. Windows are now associated with energy
savings as well as aesthetics. Buy a quality window with a good
guarantee. Your buyers will thank you and pay for the luxury!
11. Give some minimal landscaping please. Even if you don¡¯t like
gardening, landscaping is important to attract people to see your
property. Good landscaping welcomes people to enter your property and
check out the interior. Putting a clean edge around your yard with mulch
will really give a yard a neat look. Adding flowers and small shrubs is
a great way to enhance the curb appeal of your property. These simple
things do go a long way and enhance your property appeal. More
importantly, it will add more value to your property!
12. Remove refuse or debris from the yard. This goes hand in hand
with landscaping. Make sure there¡¯s no broken down car in the driveway
or old appliances hanging out in the backyard. The outside of the home
is the first thing a prospect sees. If the yard is full of junk, it's
not going to leave a favourable first impression.
13. Repair or replace any damaged windows or screens. If the
windows are broken, people will think the home is not secure and not
safe. It also shows neglect upon the property owner.
14. Replace old or damaged front door. Security of a home is one
of the biggest concerns when people choose a property. Having a solid
looking door can help give a secure looking home.
15. Put out an attractive welcome mat. This makes the property
seems homey and inviting.
16. Put in a few decorative features inside the property. The
homier the property looks, the easier it will be for prospective buyers
to picture themselves living in the home. A spice rack in the kitchen, a
fireplace tool set by the hearth, a pretty area rug on wooden floors,
and a couple of flowers vases can go a long way towards making the home
seems warm and inviting. It is also every realtor¡¯s trick to serve fresh
baked cookies or cinnamon buns to welcome new buyers, giving them a feel
good homey feeling.
17. Hang some attractive curtains. This does a lot to make your
home look welcoming and ready for the new buyers to move in. It also
costs very little to get nice looking curtains.
18. Paint rooms in a warm, neutral colours. Avoid colours that
may be disliked by a significant number of people, such like dark green.
Don't use white either, which may seem like a hospital room to some
people. Try colours such as off-white, ivory, or a soft, gentle yellow.
19. Repaint the exterior of the home if it is an unusual colour
or if the paint is
cracked or appears old. A facelift for the exterior of your property
gives bonus points for making a good first impression.
20. Repair or replace the driveway if it is cracked or damaged. A
driveway that appears very old or damaged will make the property itself
seem like it wasn't taken care of. The first impression is always the
most important thing when buying a property.
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