How to Raise Your Property Value: easy fixes to increase profits
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Like any homeowner out there, you are always looking for ways to raise your Property Value in NYC. From the time you purchase your home, it can decrease in value or go up. In fact, what you do to your home will ultimately affect it. However, maybe you have not even thought about your property value until you realized your house was not selling. You might be thinking, “Now what?” But I have great news. We are going to be going over a few ways to boost your property value up!
Remember that this does not have to mean spending a ton of money on fixing up the house. In fact, the ideas I will be listing below all vary in cost. One of the ideas is even free, and I am sure everyone loves free stuff. Also, keep in mind that even the little things count a lot and make a huge difference.
Get a Realtor and Certified Inspector to your home.
This is pretty important, in my opinion. These two people can give you the numbers and lists to bring your desires to life. To start, the realtor can bring a dose of reality by informing you how much exactly your home is currently worth, what other homes in your area are going for. Also, he/she could give a hint on why your home is not selling. Then, the inspector will thoroughly go through your home and see what is up to par and what needs to be changed. He/ she will inspect for termites and other pests, check on the safety of things around your home as well.
Paint
This seems so simple, but I think you would be surprised at how many homes got turned down because of the color of the walls. It can seriously damage a potential buyer’s view of the home. It could make the home feel cramped or even like there is not enough light. However, keeping it simple on your walls with neutral colors will help tremendously. It could also make space feel larger and airy.
Landscaping
We all know that most dads out there inspect the lawn. I even catch myself doing that as well. Suppose you are like me and live in an area where gardening is a part of your life, the sign of brown grass could signal that maybe things don’t grow too well here. That alone would make me think twice about buying the home. So adding some shrubbery and some pretty flowers can make a huge difference. Almost everyone loves looking at a gorgeous lawn and admiring the flowers. It is actually a pretty big deal.
Declutter and Rearrange to raise your property value in NYC
This is important, especially if your home is on the smaller side. In fact, if a potential buyer were to walk in your home right now at its normal state, it is possible that they could be overwhelmed with how small it feels. So how to fix that? It is honestly super easy. Think minimal lifestyle. Decluttering and moving out all of the things that just sit there, wasting space, and even rearranging your furniture can have a huge effect. It can dramatically open a space up and seem so much larger than it is, which is great for those coming to look at your home. It will seem much larger for the amount of square footage actually there.
Updating your kitchen and bathroom to raise your property value in NYC
These are huge to raise Your Property Value in NYC. But honestly, you don’t even have to do huge renovations with them. These two points in the home are the places that make or break the potential sale. Some do not mind an older look on things, but most people nowadays want the more modern upgraded look and feel to their bathroom and kitchen. So with these upgrades, it really just depends on what you are working with already. Your upgrade could be just new paint on the cabinets, new fixtures. Or it could be much larger like new appliances, new countertops, opening a space up. For the bathroom, if it is a small space, new paint could be all you need. Or maybe you redo the whole thing and throw in a new tub while you are at it.
As you can see, there are so many things you can do to raise your property value if your house isn’t selling. A lot of these are pretty simple and easy too. It can seem overwhelming at first, but I suggest having fun with it, seeing what your home looked like before and then after it is pretty exciting!
Georges has been working in Wall Street for the last 16 years trading derivatives with hedge funds. He has been an active real estate investor for over a decade. Georges graduated from HEC Business School in Paris and holds a master in Finance from ESADE Barcelona.
