An increase in property value depends on several factors such as location, size and property’s condition. Homeowners can increase the property’s market value by making little upgrades and making it look more appealing. However, it becomes difficult to incur a huge home renovation expense all of a sudden. Below you will find low-cost and in-depth (expensive) renovation styles to increase property value by making some slight to significant changes.
Low-Cost Tips to Increase Property Value
Property owners can make some simple changes to make the property more appealing. However, the below-mentioned changes may not contribute a large amount to your property value; but without them, you may not be able to identify the potential value of the property.
Also, these minor changes can be done as a DIY project without hiring expert help. Check out the low-cost fixes that can leave a huge impact on your property.
Clean up the Property
The adage that the first impression is the last is somehow true. So, to get immediate returns on the value of your property, make sure that your home is clean from both inside and outside. There should not be any garbage, dirt or strange odour in your house when you plan to put your property on sale. You can also follow these tips to clean your house.
Paint Your Home
A fresh coat of paint is one of the most cost-effective techniques that can increase the market value of a property. It not only revives a tired space but also gives a unique look if done properly. The average cost of one-gallon paint is around AED 50 to AED 100. All you need is to invest in buying some paintbrushes, rollers, drop cloth and painter’s tape. You can also add neutral colours to make the interior more appealing.
Add Curb Appeal
To make your property more appealing, you can make a list of ways to enhance each corner of your property. If your home has a curved walkway, highlight it with some beautiful plants and lamps for sale in the UAE. Similarly, if your entrance has a wide garage, maintain an eye-catching front yard with an elegant front door, flowers and fences for sale in the UAE.
Replace the Fixtures
Once you are done with the exterior, it’s time to make minor changes, such as changing the doorknob, light fixture, and light switch cover and handles. You can also update your bathroom wallpaper with a faux or textured finish, lights and a mirror.
Cut the Energy Cost
Effective energy-efficient features can leave a significant impact on your property’s value. If you are living in Dubai, the best way to reduce energy costs is to contact the DEWA. The company offers free energy audits and can assess how you can enhance energy efficiency in your home. For more details, you can check our DEWA guide and find all the relevant information available there.
You can also install energy-saving fixtures to save energy expenditure, including solar panels and double-paned windows. Considering your budget, changing LED lights is also a good option that comes under budget.
Moderate to High-Cost Tips to Increase Property Value
You can also do an extended renovation that can cost from medium to high cost, depending on the type of renovation and material you choose. These types of value addition can significantly increase the net value of the property. Here are some useful tips to sell your house faster.
Bring Change or Add in Windows and Doors
The change or addition of doors and windows can improve the aesthetic beauty of the house. Besides, it also reduces noise and increases the exposure to natural light inside the home. For instance, you can add French doors and skylights to add a refreshing look and brighten up the spaces.
Remodel Your Kitchen and Bathroom
The makeover of bathrooms and kitchens can also help to increase property value. For kitchens, you can get new pulls and handles, colour the cabinets and install a pendant light that can highlight your kitchen without costing a lot. However, if your kitchen does need a major update, just replace old appliances with new ones. Also, you can install marble countertops, new cabinets and vinyl or wood flooring.
As for bathrooms, you can add a vanity, install a wall storage shelf and frame an elegant mirror on the wall. If your budget allows you, upgrade the paint of the walls, hand basin and taps. You can also change floor tiles and install a shower door and a bathroom vent fan.
Create a More Functional Plan
To create a more functional plan, you can merge your living room with the kitchen by taking down a wall between them. This can help your house to look more spacious and open. You can attach a bathroom to the master bedroom and convert it into a suite. Here are some popular living room interior designs that help you to add more value to your property’s worth.
You can also take the space from the oversized room and add it to another one; for instance, taking up space from the oversized living to create a storage room or a pantry for a kitchen.
Add Smart Gadgets
You can also increase property value by adding smart gadgets such as thermostats, smart lights and energy monitoring devices. An energy monitoring device can help you to give energy consumption data if placed inside a circuit breaker panel. In a similar vein, a thermostat can control the heating and cooling system of your home. Moreover, you can also control the lighting, heating and cooling system of your home by installing a WiFi-enabled wireless system.
Add More Square Metres
The property value increases when you have more living space. Adding more square metres doesn’t mean the addition to another property. It can also mean a finished or unfinished attic or a basement so that you can increase the living space on the property. You also make more rooms if you have a rooftop. However, it is important to note here that you must follow the UAE rules and regulations to make any changes to the property. Read on to know more about the real estate violation system in the UAE.
FAQ
Does adding a fence increase property value?
Beautiful fences outside your property can add curb appeal which can increase your property value by a fraction of the price. You can add wooden and polyvinyl fences to give your property an appealing look.
This concludes our ten ways to increase the property value. Adding value to your home not only attracts potential buyers but also adds more value to it. Now you know what increases property value, consider this when you start planning to sell the house in near future.
Besides, if you are planning to invest more in the property, then you can browse through these residential villas for sale in the UAE.
Stay tuned to the UAE’s popular property blog to know more about the maintenance tips.
