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Complete Guide to Know How to Increase the Value of Your Home

Admin 27 Oct 2022 290 Views
Knowledge

A house is a sound investment that can be worthwhile in the long run. Make changes to your asset portfolio and develop equity in your house. Then, watch your housing worth rise.

 

A variety of factors affect the speed of this property portfolio growth. This includes the neighbourhood of your house. The local housing demand and the economy also play a crucial role. But, homeowners may raise the value of their homes over time. They are likely to do so by undertaking repairs and alterations. This helps in boosting its attractiveness. Homeowners may then sell the property at a higher resale value.


Have you recently purchased a property? Or do you want to change your home to add to the value increase? In any case, you can find all the answers you're looking for here!

Considerable facts to determine the value while Buying Home

If you are looking for the perfect house to invest in, here are some pointers you cannot miss!

  • Price

Before you venture out to the market, this is likely already on your checklist. Be mindful of your budget and all costs associated with the property you wish to invest in. Pay a visit to your bank, and get pre-approval for your loan. Check the market value of the land, and see if the Price of the home you want to buy is reasonable or not. Consider these costs before going ahead with your home investment.

  • Layout of the House

The Layout of the house includes the number of rooms in the house. This total number of rooms includes your living room and your bedrooms. Look for more perks, such as a modular kitchen and the size of the kitchen. The number of attached washrooms and rooms' sizes beautify the Layout. The Layout of the house also depends on the Age of the property. 

  • Location and neighbourhood of your house
Buyers prefer to locate a location close to the areas they visit. This includes schools, workplaces, shopping centres, and places of worship. Check for convenient accessibility to major roads and traffic flow. 

Testing this out will help you navigate the neighbourhood onto the major road. It would also lessen your commute time. Many consumers check the placement of their property inside the neighbourhood.

Some individuals want a lot close to the main entrance, while others prefer to be away from traffic. Some buyers select the nearest property when there is a leisure facility nearby. 

Factors that can Decrease the Value of a Property

The following factors can hurt the value of your property:

 

  • · Unclean and rowdy neighbourhoods

  • · Overpricing of property

  • · Age of the property

  • · Poor paint quality

  • · Bad maintenance

  • · Poor accessibility to market

  • · Availability of other amenities such as parking lots, parks, lifts, etc

Factors that help to Increase the Value of your Home

If you have often wondered how to increase your home's value, you have come to the right place!

Below are a few measures you can take to increase home value.

 

  • Invest in the Bathroom and the Kitchen

Kitchens and baths are the interiors that sell properties. Many real estate agents say this.

A kitchen or bathroom redo can provide a 100% or more significant rate of return based on the finishes you select. The rate of return also depends on the amount of labour you can do yourself. Finally, it comes down to the revamp these changes provide over your home's present state.

Bathroom and kitchen upgrades are the best way to boost home value if you have a remodelling budget.

  • Switch to Energy-Efficient Equipment & Technologies

Energy-efficient improvements lower your utility expenditures while you own the house. These improvements would also appeal to purchasers whenever it goes up for sale. Purchasers are always looking for energy-efficient amenities to save money as homeowners.

An upgrade can help you get a better resale value if your property has outdated appliances. It would work even if the upgrade is as simple as adding low-cost contemporary equipment.

  •  Before presenting your property, clean and declutter it

A little clean-up goes a considerable way when marketing or receiving an assessment of your house.

  •  Vastu Shastra

Vastu may sound like a conservative and traditional concept. But, it is essential when it comes to real estate. Approximately 80% of the market demands housing options that follow Vastu. 

Such demand, in turn, brings about a better ROI (return on investment). Vastu-conforming properties are more appealing on the market. They have a higher resale price than those that are not.

 

Here are some Vastu tips to bring positive energy to your house. When consumers buy properties, they may be keen on these. These tips conform with Vastu, which is what homeowners look for

  • Aquariums are like flowing water and thus are lucky. They should face the northeast direction for added luck.

  • There shouldn't be any dark nooks in the house, as per Vastu principles. Some areas might not receive enough natural daylight. In such cases, make sure they receive enough artificial light.

  • Follow the directed colour combination for Vastu. Avoid using too much black, red, and grey in your apartment's décor.

  • Play peaceful heavenly music or recite mantras at home briefly in the mornings.

  • Avoid placing a tree, pole, or pillar in front of the main entryway. This is a "dwar vedh" (door obstacle). Likewise, keep dead plants away from the entryway.

 

Summary

Selling a house may be a terrific opportunity to make profits. Take adequate care of your property. Add elements to your house that buyers yearn for. Finally, sit back and watch your equity develop. You can push your earning potential with easy, low-cost ways to beautify your house.


About Author

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Jatin Dubey

An enthusiastic content writer who is a law graduate and has been working as Real Estate Consultant for around 9 years.
He has worked with top Real Estate Agencies and Builders in Delhi, Bangalore and Pune. His skills to perform market analysis and explore high potential localities has helped many clients in the past.

An enthusiastic content writer who is a law graduate and has been working as Real Estate Consultant for around 9 years.
He has worked with top Real Estate Agencies and Builders in Delhi, Bangalore and Pune. His skills to perform market analysis and explore high potential localities has helped many clients in the past.