Tips On Increasing Property Value

Tips On Increasing Property Value. Do you have properties for listing and hoping to rent out your properties as soon as possible? With so many HDB in Sengkang, the competition is strong. With so many competitors out there, it seems like nobody is viewing your posting of your rental. Worry not, this article will guide you through the tips to increase your property value to attract potential buyers or potential renters.

1.Front door

According to a study in the United States, it is reported that replacing the front door of the house will result in a higher return on investment for your property value. Though the study is based on the houses available in the States, there is no harm in replacing your front gate, especially if it has been there for a long time and needs a revamp. Moreover, the front door is the first thing that people see when they view your property, therefore it is good to leave a good impression for potential buyers

Estimated cost: $1,000 to $2,000

2. New paint

Choosing the right paint, the right color makes a huge difference. Using the right paint can instantaneously revive and brighten your initially dull looking unit. Hence, you can choose a color that will brighten up your unit or a color that adds a touch of liveliness for your unit. Nobody wants to come back to a place where it further brings down the already-tired-from-work mood. Make sure to use only good quality paint as well to protect your home and will certainly last you a few years. If you are unsure of which color to choose, you can always ask for advices from the stores, as most stores offer a wide variety of colors for you to choose from and they will be able to advise you on the matching of the color that suits your house theme.

Estimated cost: $2,000

3. Kitchen

The kitchen is a place where people spend most of their time at. It is a place where homey food are cooked and produced.

Notice a leak in the kitchen? Fix it. Notice a damaged light bulb? Change it. Has it been one year since you last serviced your air conditioner? If yes, it is time to service it. Keep the cabinets, sinks and tubs scratch free and clean. You could also add a new kitchen island to give you extra working space when it comes to cooking preparation. Do not forget to have built in cabinets to help to keep your kitchen organized and neat.

Estimated cost: $5,000 - $10,000

4. Bathroom

Bathroom is an essential part of every home. Make sure the shower head, towel racks and toilet paper holders are still in working condition. Is the heater still working? If not, service it. Are the light bulbs still working? If not, change a new light bulb. Service them all while the problems are still minor. Do not wait until it becomes a major problem and end up being a damage where you cannot repair and the only way is to replace a new one. That will then cost you a whole lot more than just servicing and maintaining. In addition, position matters as well. Nothing annoys people more than having a fixture placed at a very odd and inconvenience location, for example, toilet paper holders located at an unreachable location. You can also consider putting a large mirror in the bathroom if the space allows, as most people get themselves dressed in the bathroom.

Estimated cost: $4,000 to $5,000

5. Floors

The floor plays an important role in the theme of the house. Choice of flooring used will reflect the light inside the house. Therefore, it is important to choose the right choice of color for the floor. Dark colored floor will definitely require more lights installed in the house and light colored floor will naturally require lesser lights to be installed in the house. The texture of the floor should be taken into consideration as well because our feet are in constant contact with the floor. A rough texture will definitely be causing pain to our feet and flooring with a smooth texture will be too slippery instead. Thus, you should choose carefully when it comes to flooring inside the house.

Estimated cost: $5,000

It is actually not a hard job to increase your property value if you follow all these tips. Make some simple improvements to your unit and make your tenants feel like it is more than just a house but a home sweet home. You will also need to make an effort to constantly maintain your house as only a well maintained house will boost the property value. Most importantly, these tips are mostly low cost. You will be blown away on how much of a huge difference it can make if you follow all these tips and at the same time, boost your property value in Singapore