Surely you have ever wondered about the current value of your apartment or house. If you are thinking of selling or renting, do not miss this practical guide with all the keys to increase the value of your home.
There are some aspects of our home that we cannot modify, such as its location or surface area. However, it is possible to make a series of improvements to increase its value, as you will see below.
Free home appraisal
When selling a home or taking out a mortgage loan, it is essential to have it appraised. This appraisal must be carried out by a technical professional (you will find more information at the Professional Association of Real Estate Appraisers).
The cost of an appraisal usually varies between 160 and 450 euros, depending on the location and size of the home. However, there are real estate agencies such as Litma Group that offer you this service for free, with the consequent savings that this entails.
To decide on an appropriate market value, a series of internal and external factors must be taken into account.
Factors that influence a real estate appraisal
The factors that are taken into account when making a real estate appraisal are the following:
- Place where it is located. If it is a residential or commercial area, as well as the services around it (schools, hospitals, public transport, etc.).
- building status. If it has an elevator, direct access to the car park or if it has passed the ITE (Technical Inspection of the Building).
- The supply and demand of the areaas well as the situation of the local real estate market.
- Surface, orientation, luminosity and views.
How to revalue your home to sell or rent
You cannot change the location of a dwelling, but there are some elements that will help you revalue it. For example, improvements in its state of conservation, distribution and facilities.
construction improvements
- Optimized distribution. The apartments with the most demand are those with 2 or 3 bedrooms. For this reason, depending on the size of the house, you can choose to remove or add rooms.
- open concept. Eliminate partitions or pillars so that a broader view of the space can be obtained.
- Invest in thermal insulation. Everything that allows you to make your home more comfortable will increase its price. The thermal and acoustic enclosures, changing simple glass for double glazing, will provide comfort and will affect the electricity bill.
- Built-in cabinets. The more the better, take advantage of any gap to create storage spaces (in this link you will find some ideas).
- Renovation of facilities. Renovating an old electrical installation will guarantee the safety of the home. On the other hand, it is also convenient to carry out the plumbing work that is considered necessary.
- Change the kitchen and bathroom. There is no need for major reforms, it is possible to renew the floor and coverings without works. Once again, cabinets and a good distribution of storage space will be decisive.
aesthetic improvements
- Paint the walls. Paint is one of the cheapest decorative resources. Choose neutral colors that enlarge the space and be sure to eliminate chips and stains.
- Renew the gates. It is not necessary to change them, by lacquering them and changing the knob or handle they will look like others. In this link you can see a step by step to lacquer the doors.
- correct lighting. Make the most of natural light. It is also convenient to change the bulbs for brighter and more energy-saving ones.
- Choose the furniture well. It is important not to clutter the space with furniture. Nor do you accumulate useless, damaged or outdated pieces. The ideal is to decorate with timeless furniture and combine it with some vintage style.
More tips to increase the price of your home
Finally, it is convenient to take into account the following tips:
- do numbers. Before starting any reform, think about the effect it will have on the appraised value of the home. Avoid getting into pharaonic works if they are not going to compensate you.
- Take advantage of the aid. Check the aid for housing rehabilitation offered by official bodies and the different autonomous communities.
- Clean and neat. A clean and tidy home can increase its value by 10%, which is not little! Always remember that in these cases the first impression is very important.
- choose the best time. Whenever possible, choose the time of day when the house receives the most natural light.
- A home with life. Show that your home is a home where you want to live.
I hope that all these tips and keys to increase the value of your home be useful to you. Without a doubt, getting the best appraisal will benefit you when it comes to selling it, renting it or applying for a mortgage loan.
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