The goal of a real estate investment is to increase its value over the years. It is one investment in which you put an enormous amount of time and a considerable part of your savings. However, property appreciation gets determined by certain fixed and variable factors. While you need to weigh the fixed factors at the time of buying the home, you can continue to work on the variable elements to ensure appreciation of the property value in the future. Fixed factors in this context mean the location, amenities and exterior design. The variable ones refer to painting, interior design and maintenance. Along with influencing the house value, these factors also impact the life of your property.
Read on to get an insight into these fixed and variable factors that can add value to your beautiful home.
The Property Location: The importance of location cannot be stressed enough when it comes to buying a home. It has a major influencing factor on the property price, thereby making it a must to choose the best possible location. A property which is in a safe, established and self-sufficient location is bound to give a better rate of return in the long term. This makes it imperative that you research thoroughly on the home location and settle on one which is likely to appreciate in the near future. You can know more about the importance of location in home buying from here.
The Amenities and the Design: Once you decide the location, it is essential to consider the amenities that are available inside the gated community and in its proximity. The more the amenities, the more lucrative will be the property. Sound security and recreational facilities within the residential complex definitely add value to the property. Along with amenities, at the time of buying the house give due weightage to the property design. A fine design and stable structure will influence the property value for years to come.
The Interior Design: Work towards the home interiors soon after taking possession of the apartment. The way you do the interiors not only accentuates the home but influences its price, as well. Investing in a seasoned interior designer will prove to be beneficial. They can make your home stand apart, ensure optimum space utilization and give a pleasing look to your home. Along with the interior designing, ensure that you also invest in quality woodwork, fittings and finishing that will grace your home for a long time and will demand minimal maintenance.
Inspect & Maintain the Home: After moving into your home, inspect it periodically for cracks and damages. This should be a part of household maintenance routine as timely detection of cracks, and fitting damages can be best-taken care at an early stage. Neglecting them can lead to bigger expenses and time-consuming repair work in the future. Get the finishing and mending work done periodically to keep the house in good condition. It will not only boost the monetary value of the property, but it will also enhance its lifespan.
Paint & Renovate Periodically: From time to time, you should get the house painting and renovation done. Painting the house is the easiest way of giving a makeover to your home. Look for soft pastel shades that can provide a spacious and light feel to your home. If you like the textured touch, then paint one wall in the colour of your choice. Along with painting, renovating the house is also essential to enhance the house value. The kitchen and bathrooms require frequent maintenance.
Besides painting, you should inspect it for leakages, cracked tiles and damaged door panels. A maintained house will not only reflect well on your part but by doing so you will also be appreciating its value in the property market. When someone comes to your home, it should feel new and well-maintained.
Add Decor & Touch of Greenery: Keep adding latest home decor items and give a fresh, new look to your place. Even if you don’t intend to sell your home with the furniture and decor pieces, it will be worth adding them. Those beautiful decor pieces, paintings and artworks add meaning and style to your home. These little additions count in not only enhancing the appeal of your home but its monetary value in the real estate market as well. However, avoid overdoing it. If you add too much of furniture and decor pieces, they will give a compact feel to space.
Moreover, with the trend of minimalism prevailing it is best to keep essential furniture and simple embellishments. Along with decor, add plants and landscapes that will enhance the aesthetic appeal of your home. But if you already have plants and garden in place, then do regular lawn maintenance.
Consider these factors and tips if you want your property to reap a high rate of return. These will prove profitable in the long term if you wish to sell this house and invest elsewhere. If you are exploring property investment options in the Garden City, Bengaluru, then visit Valmark homes. One of their new projects in Bangalore South, Valmark CityVille, can be a perfect option for living and investment. A boutique-style property located just Off Bannerghatta road is an embodiment of luxury. Lake-view homes with exclusive craftsmanship, several amenities make it the perfect address for you and your family. Moreover, it is always worth investing in homes, which are a hallmark of quality. You will love redesigning and maintaining such homes and Valmark is known for making such eminent projects. You can know more about this project from the Valmark and RERA website. The RERA number of this project is PRM/KA/RERA/1251/310/PR/171222/000914.