OK, I’m back at blogging after some time off – was down with a mild fever which went on for days (talked about it briefly here).
Now I have been contemplating of selling off my apartment here in Tucson, and boy was I surprised to find that the value of the property has tripled (thanks to the handy “Zestimate” tool at Zillow.com. You can also find something similar at http://PropertyForSale.com.my to do a quick comparison).
I got in touch with Andrew Watson of Tucson Empire Realty, LLC, and he kindly sent me an article which he published in the Tucson Real Estate Monitor newsletter – and he has given me permission to reprint this article here. Enjoy!
How To Increase The Value Of Your Property
Do you plan on selling your property sometime soon? No matter how sluggish the real estate market might become, you can actually learn how to increase the value of your property with ease. You just have to remember that home improvements aren’t the only way to go. In fact, some home improvements might not even be worth your while. Here are several things that you definitely need to take into consideration before selling your house, though:
- Add more insulation.
If you don’t have enough insulation at home, your air-conditioning and heating units could end up working overtime. As such, it would definitely be a good idea to learn how to increase the value of your property by investing in more insulation. More insulation will increase your property’s value because you will save money on utility bills and pass those savings onto the new homeowners.
- Prettify the lawns.
Another thing you can do to increase the value of your property is to do some simple landscaping to make your front yard and your backyard look better. Believe it or not, adding flower beds and trimming trees can do wonders at making yards look more attractive. You just have to make sure that you keep the balance in the process, so that your yards maintain the right balance with the actual house.
- Look into upgrades.
If you are the only house in the neighborhood that doesn’t have carpeting or siding, then your property’s value could drop significantly because of it. So, if you want to make sure you get good money for your property, you might want to look into several upgrades before putting it on the market. If you have got an “upgraded” property for sale then you’ll stand a good chance of fetching a good price for your piece of real estate.
- Remodel some of the rooms.
This is one of the best steps that you can learn on how to increase the value of your property. Not only will your family benefit from this, but the future homeowners will, too. Replace the wallpaper and the flooring, for example, or change the appliances and the fixtures. Changes like this can go a very long way in the long run. If you need some advice on how to remodel the house, get a female opinion!
- Buy new visible components.
Since first impressions last, you should consider buying new siding, windows and doors as needed. Although these home improvements can be expensive sometimes and might even require you to get a second mortgage or a loan, it would be of the utmost essence to look into them if you have plans of keeping the house for a few more years. New visible components will actually make your house look better and help it conserve more energy, thus paying for themselves and increasing your property’s value at the same time.
- Buy new appliances.
Like visible components, appliances can be expensive, too. So, prior to purchasing a new furnace or heater, consider how long you will still be staying in the house. If you plan on moving soon, then you might want to avoid shopping for new appliances for now and just reduce your property’s selling price instead.
Make sure you consider all of the aforementioned tips on how to increase the value of your property before selling it. This way, you can ensure that you get the best price for your home in the end.
If you need a real estate broker then get in touch with Andrew at email@example.com – tell him that TJ sent you. 🙂
PS: Check out the Archives if you have got the time.