5 Ways to Increase Your Property Value that are Actually Worth It

The goal of property owners is to make their investments worth more than when they bought it. Increasing property value does not have to break the bank. Buyers are now looking for properties that are ready to move into, which are not fixer-uppers. Before spending thousands of dollars on property upgrades, renovations, and major projects, consider implementing a few of these tips.

• Curb Appeal & Landscaping: Changing or modifying the look of your front yard or steps leading up to your property. Add some strategically-placed plants and flowers to make your property pop along with new lights or lamp posts can really transform your property’s curb appeal. Planting native trees can help reduce energy costs by as much as 50%, while using synthetic turf can increase energy costs.
  
  
• Maintenance and Repairs: Take a look around your property and see what little things are broken that you can fix or repair easily, whether it’s replacing a door knob, light switch cover, cabinet handle, desk drawers, or even an old sink. These very simple tasks will not take up too much time or money but can improve the overall outlook on the property.
  
  
• Spot Check: Whether there are noticeable wear downs of the carpet, walls, tile, or wooden floors, all of the damages should be taken care of before selling the property. Sometimes old carpet can create a bad odor which makes it even more unpleasant for potential buyers, so if your carpet needs to be replaced or just cleaned, do so accordingly. If there are holes or spots on walls that cannot come off on the outside or inside of the property, consider repainting to revive and brighten the property.
  



• Declutter: This can visually increase your property’s square footage. Make sure furniture within the building are not against any walls. Even if the furniture is a few inches away from the walls, this will make the space appear larger. Then, consider replacing heavy curtains with light airy ones or replace with blinds or shutters. Letting light into the room can help create the illusion of a bigger and more inviting space. Decorating with larger decor or plants can also help declutter the space compared to having multiple small pieces of decor.
  
  
• Energy-efficient Fixtures: Not only is replacing old lighting with new energy-efficient ones going to save you huge amounts of money over time, it’s also great for the environment. Going green continues to be an emerging trend in real estate, and investors in the commercial real estate industry are interested in sustainable buildings because they are the future. An energy awareness program can also be implemented to teach your tenants all the ways they can conserve energy in ways they would not have thought of otherwise. This is extremely beneficial to property owners who pay the utility bills for tenants.