A home is an asset where one spends all of his investment and so it’s natural to expect high ROI when selling this property. We already know that factors such as location and size of the property have a big impact on increasing a property’s value.
Every buyer is different and so looks for different factors while purchasing a property. If you are planning to sell your home and looking for the factors which can increase its value many times, do check this blog post.
Here we have compiled 5 factors which can surprisingly increase a property’s value.
Let’s find out these factors!
1- Well reputed educational institutes
Having home near well reputed educational institutes is always a plus point while selling it. Living near school encourages independence in children and also enables parents to live without the tension of their children getting late for school. Finding a home in a school district with a highly reputed and safe school is typically at the top of the list.
2- Upgrades
The value of a home is directly influenced by the upgrades or updates which keep it up with the modern housing trends. In older homes, there are many outdated features which decrease its value.
From small upgrades such as replacing old sockets with trendy ones to bigger updates such as installing a wooden floor, every single improvement is necessary to enhance the property’s value.
3- Nearby Super Markets or Malls
A close proximity to a super market or a departments store is likely to increase a property’s value and you are lucky enough if there is a mall or super store nearby your home. Homes near grocery stores may appreciate in value up to some percentage or more quickly than other homes.
4- Storage Space or Garage
Having a dedicated storage space or a garage can significantly add up to the value of a home. The garages attract potential buyers as this space keeps the most basic accessories inside and also enhance the look of a house.
5- The factor of ‘Nature’
Last but not the least; nature plays a significant role in a property’s value. If your home is located near trees or natural suburbs or have some trees and natural grasses, it automatically attracts profitable buyers. Having a property near natural effects is always profitable and increases a property’s value up to 25% and can attract immediate buyers to thing about your property.
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