Don’t rely on the market to move to increase the value on your property with these tips.
Interest in property remains at an all time high. As it becomes a recognised investment asset, people are turning to property to safeguard their and their children’s future. Therefore adding value to your property is key. They say buy the property in the worst condition in a popular building and with a bit of TLC you will quickly be reaping the benefits. Doing this yourself rather than relying the market to go up means that you can add even more value. Whether you are selling your property in Malaysia, or renting it out, here are 6 ways for you to increase its capital value or rent.
1. Give it a lick of paint.
This is one improvement that is easily overlooked. Probably because it is so straightforward. A fresh coat of paint will hide any grubby stains and immediately brighten the space up. On top of this, it will create a whole new feel especially if the current paint colour is a little dated. Opt for a very light grey for a contemporary look. If you live in a house, changing the colour of your front door will immediately smarten it up and improve its curb appeal.
2. Increase the storage.
One common complaint amongst homeowners is the lack of storage. Whether that is for their clothes, sports equipment or suitcases. Building new storage will be attractive especially if you use your space in a clever fashion. Make the most of the space under your bed or even above your wardrobe. There are plenty of storage solutions out there to fit any space or size.
3. Upgrade the kitchen and bathroom.
Fitting a new kitchen or bathroom is a big job. However this is one of the best ways to add value. A new slick bathroom or kitchen creates a real wow factor and many people will be lured by this. The increase in value will be substantially more than the outlay. You can also cheat by replacing only some of the fittings, such as the taps. Follow these tips to upgrade your bathroom.
4. Remember presentation is key.
Not everyone finds it easy to imagine living in a property. So try and help them achieve this. First impressions really do count and I am sure you would be disappointed checking into a five star hotel and the beds were not made. Add accessories using the latest interior trends, furniture that suits the property and even put the toilet seat down. There is good reason why developers always dress their show home, and you should apply this ethos to your property.
5. Utilise the your outside area.
Think of your outside area as an additional room. You wouldn’t leave your reception room bare so this same ethos needs to apply to balcony, terrace or garden too. Check out our online guide for some inspiration.
6. Take a step back.
If you have lived in the property for sometime you may not notice the dangling wires, the scuff marks on the wall or the discoloured flooring. Take a step back to see what improvements could be made for a tidy up. Upgrading a light fitting or removing some dated artwork are small changes, that may dramatically improve the look of the property.