How To Boost A Property Value
You may think that a property’s value is purely built on land value, floor plan, and how nice the property is visually. But think again! There is more to consider in the world of value adding real estate.
Pros and cons are involved in each house value decision. Some things to consider are the following.
What if the area has a high crime rate, substandard public schooling, and poor public transport links. You will see huge amount of value wiped from your home. This has the potential to make it it extremely difficult to sell. Not to mention earning what is known in the industry as the ‘Lemon Tag”.
If you do decide to sell one day here are some features to think about.
These property adding value tips are certainly worth thinking about and are going to serve you well in the real estate marketplace when you decide to start attracting buyers. Consider these tips wisely with your choice of property purchase.
Public Amenities
Public pools, parks, gymnasiums, cafes, public picnic areas, bike paths and even public toilets are high on the priority list of family home seekers. Many eager purchasers will miss some of these items when house hunting.
Distance To Service
There is always appeal about walking to neighbourhood services. For example, some estates offer exclusive clubhouses to their members of the community.
Many buyers find a short stroll appealing and that has got good purpose as it is time well spent. The value of a property is good if it is located close to neighbouring proximity to schools, shops and nearby amenities. However there are exceptions to the rule, for example, being right next door to train station or located on a main highway will achieve the exact opposite in terms of your property value, lowering it substantially.
Low Crime Rate
This is one of the hottest topics in the news today. With the home invasion rate ever increasing weekly, the community has safety ranked as a priority number one on where to live. Get in touch with Neighbourhood watch groups and local Police to find out more specific details before you sign on the dotted line.
Character
How you feel about your home when you’re driving there from work is a reflection of the neighbourhoods character. No one wants to live in street full of ugly duckling houses especially if you have one across the street from where you live. Visually appealing homes continue to raise demand in the street area. Search for neighbourhoods that stand out and have wide appeal.
Schooling
A high priority for a growing family is often a nearby school with a good reputation for academic study. A school irrespective if it is private or public will be beneficial to attracting buyers when you decide to sell and will always continue increasing in value particularly if there are school zones involved. Try purchase inside a school zone if there is one in the neighborhood.
Sustainability
Features of your home that set the tone for eco awareness and efficiency will always perform exceptionally well in the marketplace. And are an attraction magnet. They include solar panels, insulation for thermal efficiency, rainwater harvesting, grey water recycling, LED lighting , sustainable landscaping.
Astute buyers provide a report on the sustainability which further appealing to buyers. Of course do it prior to listing the home for sale.
In summary these are simple yet effective tips to boost property value. A little common sense goes a long way. Do what you can to add value to your property decision, and your property will add value to you.