With the right knowledge and a bit of hard work it is possible to dramatically increase the value of your home or your investment property. I want to show you 5 surefire ways that you can dramatically increase the value of your property without having to spend a lot of money.
Make It For Your Market
The way to increase the value of your property the most is to make it appeal to the largest amount of people possible. The more people that want your property and the higher the demand for your property the higher the price.
Neutral Attracts The Most Potential Buyers
You want your potential buyers to imagine themselves living in your property now. Bold colours may put off the buyers and stop them imaging themselves in your property and that will make them not want to buy.
The Banks Are Cautious And Will Hesitate To Over Value
Don’t think that because you put a lick of paint on your property the banks are going to add $100,000 to the value of the property.
Banks are in the business of making money and one of the ways they do that is they lower their risk by undervaluing properties. Don’t expect them to be friendly. You need to make them value your property at the highest amount. Make your house look immaculate and make it appeal to the widest market. They will see this and value the property appropriately.
Your Taste Doesn’t Matter
At my old work I worked with an Indian lady who was telling me about her house. Every room was a different bold colour. One room was red, one was green, one was blue, on was pink and the staircase was orange. Each room had ornaments and picture frames of that rooms colour. I thought this would be hideous and ugly but my coworker was talking about how beautiful her house was.
When increasing the value of your investment property be careful not to renovate it to your specific taste. Your taste may be beautiful to you and ugly to everyone else. Find out the taste of the market and do that.