August, 2019
Real estate is one of the smartest, simplest, and most guaranteed forms of investment; there will always be demand for new properties! However simple it may be, there are some important tips and tricks that every owner should know in order to increase the value of their unit making it more attractive, profitable, and increasing the probability of selling/renting it faster. Here is a list of things you can do to raise the value of your unit well beyond its current price tag.
This is the unit’s façade, and the first thing a potential client sees. Take into account that a client tends to make their buying/renting decision as soon as they come up to your property and walk through your front door. Therefore, you need to make sure you invest time and focus on making a few but crucial improvements to your home’s exterior to make a good first impression.
You want to ensure that the neighborhood and building are very clean and well-maintained. Consider repainting your front door, updating light fixtures, and be sure that garbage disposal services are available. If your property is a villa make sure your windows are clean, mow your lawn, and consider planting flowers.
Décor is crucial. And a lot can be achieved with a fresh coat of paint, artwork and decorations. A chic, stylish unit will urge a client to pay more. And so, your unit must have a unique style and spirit of its own. Hiring an interior designer, and using the best materials will most certainly pay off when it is time to put a price on your property.
This is connected to the previous point; use the best, and you will transform your unit into the best. From state-of-the-art light fixtures to a luxurious living room sofa, from a comfortable and serene bedroom to a spacious, well-lit, and nicely composed closet space; every added detail will make a world of difference.
That is not to forget the kitchen and its many appliances. Invest in the best of what technology has to offer, if needed, upgrade your kitchen cabinets and countertops; a modern and well-kept kitchen is very hard to resist. It is needless to say that the bathroom installations must be of the best environmentally friendly, technologically-advanced type, which will reduce the chances of any plumbing issues. Keep in mind that the kitchen and bathrooms are the two most important rooms in your unit. If they are outdated, they can keep your property from reaching its highest valuation point, therefore, investing in them will certainly pay off.
These are the things that a practical client will pay attention to. Ensure that your unit has impeccable plumbing, electricity, gas, in addition to a TV cable, internet, and at least one landline. Clients worry about buying/renting a property that requires constant maintenance or any potential emergency repairs in the near future which is why any needed upgrades should be accounted for.
If the unit is a villa, or a ground floor apartment, and comes with a garden, this garden will be a huge selling point… as long as it is in perfect shape! No one can say no to a well-maintained garden full of beautiful plants, flowers, and inviting outdoor furniture. The availability of gardening services will also be a brilliant extra point in your favor.
Last, but definitely not least, staging your house is the final step that can help make a huge difference when selling/renting your property. What does staging a house mean you might ask? In short, it is the process of strategically arranging your furniture and décor to make your house look its absolute best when a client sees it.
Your property must look, feel and even smell its best. Make sure you hire a trusted cleaning service to ensure that your unit is spotless. Organize your property and make sure that no clutter is in sight. And if you have a pet, check that their hair isn’t on any of the furniture and put away any pet supplies and toys. If there is a specific room in your unit that will make your home stand out from the rest, focus on displaying it in an attractive way that will clearly highlight its advantage to the client.
In conclusion, your unit is as good as you can make it. When presenting your property to a potential client, you want to clearly convey to them that this is their “dream home”. The closer your unit is to being your client’s dream home, the more they will be willing to pay for it.