How can you increase your home's property value?
If you're planning to sell you house, keep these tips in mind to attract potential buyers
When real estate appraisers compute the value of a property, they usually consider three major factors: location, accessibility, and the condition of the structure itself.
If it was made by a reputable developer, and designed by a well-known architect or interior designer, it also gets plus points. These are things to keep in mind when investing in a property. If you have an existing house, you can raise its resale value by making improvements to the structure.
Photos used in this feature are by Miguel Nacianceno.
Enhance natural light and ventilation
If you are selling the house as is (meaning with its furniture and accessories), little things like the type of curtains can also make a difference. "Dapat 'yung nakakadagdag ng aliwalas, at hindi nakakadilim," says broker and appraiser Rommel Gonzales. Adding windows or enlarging existing ones can let in natural light and let the breeze flow. This is also an opportunity to upgrade the appearance of existing windows.
Repaint the house
Painting is simple and easy-to-do, and it can make an old house look new. Rommel says it can also mask a building's flaws. Civil engineer and appraiser Alfren Gabat believes that repainting can add as much as 20 to 25 percent more to the resale value.
Upgrade the flooring and ceiling finishes
Flooring is one of the main selling factors of a house, says estate broker Grace Salazar-Misa. She shares that this shows how the house has been taken care of through the years. If the flooring is dilapidated, then it should be replaced.
Add a multifunctional space
Increasing the functionality of the house adds to its value, especially if the space you add is adaptable to various uses. On the other hand, you can enhance the function of open plan areas by zoning them for specific uses. "An open layout ground floor may lack privacy for the dining area. You can have a divider which could turn it into a formal dining area or a den. Or your attic could be divided into a small game room on one side and family area on the other," shares Grace.
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