Sunday, June 06, 2010

Work on a budget and increase your property value

Educating yourself on how to escalate your property’s price and if you are working on a tight budget is not a sky-high skill that you needed to have. Nonetheless, if you are not conscious of the standard guidelines and insider activities, then you might end up making the repair and maintenance too costly for you home improvements that would not enhance fully the additional upgrade.

As many people would say “do not judge a book by its cover” absolutely does not apply to a home property. The initial impact are really significant, when you drive in your home with a historic, almost gone down or out of control car in your garage can pretty much turn your prospect buyer gone.

One of the things to consider for making the value of your property investment grow, make sure that you splurge the added investment on what buyer can immediately notice.

For instance, if you are not setting up on staying in your property for a decade or so, do not consider putting a brand new tankless water heater. This kind of home improvement can take up so many years to be able to feel the return on cost and rates would cost too much for a mere installation. Rather, concentrate on areas like expanding your garage from a 1 car to 2 car parking, you may also consider putting a new garage door, a landscape can put so much warm in your house especially that is what visitors initially see when they get to visit or you may want to get a marble top kitchen with a stainless kitchen sink.

Stay away with the typical mistake of over doing things and decorations. Always remember to stick to what is still normal in your area. Are you living in a A-class neighborhood? Do potential buyers look for high-end appliances in properties in your area? Do not exert too much effort placing too fancy features in your home if that is not the trend that is happening in the next door house. It will definitely not add on the value of your house to make all the new and unnecessary purchase and installations.

Remember re-design the outside first, then inside repair follows. By doing-so, this automatically put your property to 100% increase on curb appeal and to the property value.

1. Clutter free – Big furniture or objects that are around your courtyard must go. A broken downspout, antique bikes hanging in the garage, recycling and garbage bins must all be neatly put together in your back yard.

2. Landscaping – Find time trimming shrubs and trees. There are so many low cost maintenance landscaping that can increase real property value. Put on mulch, make your yard a little bit more green. Try hanging some flower basket on your veranda and little colorful flower pots on the edges going to your main door. This adds so much at-home feeling in your property with only low cost expense and much more edge to your property without to spend so much on your savings.

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