Skip to main content

What investment can get house better value

There are certain features that make houses more appealing to buyers. Go for these and enhance your house's value. They won't cost you a bomb either





   HAVE you ever wondered why there is a large variation in prices between two houses? Why an apartment is often considered a cut above the rest and also commands better value and rental returns?


   The location of your home and other factors like the floor that you are in are a given, but there are some features that make homes more appealing to buyers. These features are within your control and can be introduced by investing a small fraction of the house's value. Here are some tips:

CLEAN & SPACIOUS

This is one improvement that costs next to nothing. But a house that is spanking clean and is not cluttered with furniture or other household stuff gives an impression of space and warms the buyer to the property.

KITCHEN & BATHROOM

These two rooms are the ones where you can make investments that have immense utility value. According to experts, if you are not going for anything extravagant, you can expect a 200% return on the investment that your make in upgrading these two rooms.

ADDITIONAL BATHROOM

If you want to sell your house in the near future and have only one bathroom, then you may consider adding a second one. Homebuyers will want enough bathrooms to handle their family size. And you don't have to build an extension onto your house for this; simply use the space that isn't being used in your home. If you could add another room in the available space, there is nothing like that.

BUILT-UP SPACE

Today, a large component of the cost of the house is the cost of the land on which it is built. But buyers tend to focus on the cost per square feet of the built-up area. If you are having an independent house, you could look at creating more usable space. "Additional storage space, laundry space, multifunctional terraces are all great ideas to fetch better value and increase the total built-up area of the house.

CONTEMPORARY SOLUTIONS

Today's customers look for smart homes with innovative solutions, and anything short of their expectations won't be able to fetch a better price. Even if selling or renting is not your goal, then a thoughtfully-renovated house can always be your prized possession.

STRUCTURAL REPAIRS

With time, all buildings go through wear and tear and, therefore, there is a constant need for timely and proper upkeep. Similarly, reinvestment is sometimes required because of the need for upgradation. For instance, new materials are constantly being introduced in the market and replacing old finishes with better options may be the need for keeping up with the times.

WHITE ELEPHANTS

While makeovers definitely boost the value of your abode, there are certain changes that will not only cost you a bomb, but run the risk of putting off potential buyers.


   This can be the gardens, overspending on paints or wallpapers, extravagant kitchens, bathrooms and hot tubs, and swimming pools, among others. The taste of colour and the theme of designs may vary from person to person. Also, gardens and pools are a token of status symbol, but most buyers don't opt for any additional maintenance cost.


   Financial advisors, the world over, suggest to budget 1-2% of the home's purchase price per annum for home repairs and upkeep. In case of remodelling, the budget can go up to 10 to 15% of the home's value, depending on the location of the property. Anything beyond that should be for the sake of your own pleasure and comfort!

VALUE UPGRADE
   
DOS

PAY SPECIAL attention to kitchens and bathrooms

IF YOURS IS a single bathroom house, adding another one will increase appeal

SPREAD YOUR investment across the house

DO KEEP A check on time and cost overruns

ENSURE THAT renovations are in keeping with bye-laws of your local authority

DON'TS

DO NOT spend more than 1-2% of the value on repairs GET TO experimental and go for unusual colours & designs


DO NOT reduce the number of bedrooms DO NOT use wallpaper as it will look like a cover-up DO NOT make investment that are 'high maintenance'

 

Popular posts from this blog

Post Office Deposits Interest Rates

Best SIP Funds to Invest Online   SIPs are Best Investments when Stock Market is high volatile. Invest in Best Mutual Fund SIPs and get good returns over a period of time. Know Top SIP Funds to Invest Save Tax Get Rich For further information on Top SIP Mutual Funds contact  Save Tax Get Rich on 94 8300 8300 OR You can write to us at Invest [at] SaveTaxGetRich [dot] Com

Canara Robeco Mutual Fund offer buy or sell through BSE StAR MF

Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300 Canara Robeco Mutual Fund offer buy or sell through BSE StAR MF Canara Robeco Mutual Fund has announced that units of the regular plan of all open-ended equity, hybrid schemes and Canara Robeco Gold Savings fund can now be transacted through BSE StAR MF , with effect from December 01, 2014.     For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call Leave a missed Call on 94 8300 8300 Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com --------------------------------------------- Invest Mutual Funds Online Invest Any Mutual Fund Online Download Mutual Fund Application Forms from all AMCs Download Mutual Any Fund Application Forms --------------------------------------------- Best Performing Mutual Funds Larg

Tax Slabs 2012

Slab 1 Upto Rs 1.6 Lacs Tax Rate NIL for Men; Upto Rs 1.9 Lacs Tax Rate NIL for Women; Upto Rs 2.4 Lacs Tax Rate NIL for Senior Citizen; Slab 2 Rs 1.6 Lacs to Rs 5 Lacs Tax Rate 10% Slab 3 Rs 5 Lacs to Rs 8 Lacs Tax Rate 20% Slab 4 Rs 8 Lacs onwards Tax Rate 30%   --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 R

How Tax Deducted at Source (TDS) works?

    THE tax season is here. And if you are an employee you can't blame your employer for deducting large chunks of money from your salary towards tax deducted at source ( TDS ), which he is legally obliged to do. Your bank will also deduct some percentage from your FD interest of Rs 10,000 or more towards TDS! So what is this TDS all about? How is it computed? Are there any changes this year? Read on... What is TDS? TDS reduces your taxable income and could even provide tax relief! The TDS collections account for 40 percent of the total taxes collected in the country. As the name suggests TDS is the amount of tax that is deducted at source in certain types of income . The TDS thus collected is deposited in the Government treasury within a specified time. How is it computed? Some of the types of income where TDS is applicable include salary, interest, rental fee, interest on securities, insurance commission, dividends from shares and UTI/Mutual Funds, commission and brokerage

Modern day balanced mutual fund approach

Buy Gold Mutual Funds Invest Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Call 0 94 8300 8300 (India)   In reality, most balanced funds have a strong tilt towards equity instead of a mix of equity and debt THERE are various types of mutual funds available to investors with specific features. Often investors have a particular idea about a specific type of funds in terms of their features and risks, but that is not what is actually available. Therefore, it is necessary for an investor to understand the actual position before picking up a fund. This requires some work on the part of the investor. One example can be the situation with balanced funds. Name is not representative: One of the first things that an investor has to understand is that the name of the fund is often not representative of its investment pattern. The name often represents only the aim of the fund, and not what it actually is.
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now