Having a house is more than just an emotional endeavor. Additionally, it’s a financial choice that could pay off as you accumulate equity in your house and watch your property rise over time.
Every homeowner clearly wants to realize a good return on their investment when they sell their house. It’s definitely a possibility given Dubai’s soaring real estate property cost, however, there is fierce market competition. It would also be accurate to state that Dubai housing is currently a buyer’s market because of the low real estate property prices and the anticipated growth of the industry.
The neighborhood in which your home is located, housing demand in the area, and the state of the economy all have an impact on how quickly this property value will rise. However, homeowners can also have an ongoing impact on their home’s worth by making improvements and alterations that raise its appeal and justify a higher asking price.
Here are all the ways you may improve your house before selling it to get higher returns.
1) Create a visually exciting appeal
The famous saying “the first impression is the last impression” is absolutely true in this situation. Improve your home’s curb appeal if you want prospective buyers to receive the greatest impression possible. This piece of advice, however, is more appropriate for villa owners because these homes are surrounded by open spaces that may be easily transformed into well-kept lawns.
Installing a patio prior to selling your house can be helpful if you are not constrained by neighborhood rules. If you’re living in a villa in Dubai, adding a pool to your home is also an excellent way to increase its value. This is an expensive investment, so it is important to make sure that the real estate property will be worth the cost.
2) Renovate the Kitchen & Bathroom
Renovating your kitchen can be costly, but it can also make all the difference in attracting new buyers. This is because kitchens are often one of the most important considerations for potential buyers.
A kitchen or bathroom remodel can frequently provide a 100% or higher return on your investment; this number may even be higher depending on the finishes you select, the amount of labor you’re willing to do yourself, and the degree of improvement these changes can bring over the current state of your home.
The best approach to raise the value of your home on a renovation budget is to renovate the kitchen and bathroom. Therefore, make the essential cosmetic modifications to the kitchen and bathroom before listing your house. Make sure there are no dripping faucets, leaky pipes, broken cabinet handles, etc. Appliances in a furnished home should be in functional condition.
3) Provide Practical Storage Alternatives
This is a smart home improvement tip for everyone. By giving potential buyers practical storage alternatives, you may increase the appeal of your home and set it apart from other properties on the market. These niches and shelves can be made by hand using do-it-yourself techniques or purchased from the market. There are lots of choices. The best thing about this home renovation plan is how affordable it is while yet providing excellent value.
Similarly, a guesthouse can be a great way to add value to your home and give you extra space for visitors. It also has many other benefits like providing additional income and being able to rent out your property when not in use.
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4) Invest in energy efficient solutions
Residents in Dubai are most encouraged to invest in solar energy because it is an investment in the future. Literally. The original cost of solar panels begins to recoup itself over time. Your home’s worth can rise if you install solar panels. According to DEWA, installing a PV system might increase the price or rent of your house if you decide to sell or rent it out because the next owner or renter can anticipate cheaper electricity expenses as the electricity is generated right at home.
5) Simple Quick Fixes can make a Big Impact
Even if you don’t want to spend money on a major renovation, doing something as easy as hanging drywall and adding carpet to a room can turn an unfinished area into a useful addition to your house. By increasing the size of this finished space, you can raise the value of your house.
Furniture plays a significant role in attracting buyers and achieving sale prices. These are often some of the most valuable pieces of furniture, so it is important to invest in them if you want to increase your selling price.
Similarly, a fresh coat of paint may revitalize your house.It is inexpensive and won’t break the bank. Once the work is finished, your house will appear brand new, making it simpler for you to sell it for a better price.
When selling a home, it is always a good idea to stick with neutral colors because every prospective buyer will have a different impression of the space. There are countless options and combinations. It all comes down to the style of look you’re going for and the size of your house, as some colors can make a space look bigger and others smaller.
According to Brad Chandler, CEO of Express Home Buyers, “it may require a little bit of labour and money, but it’s vital when selling to discriminating customers.” Many prospective buyers just want houses that are ready to move into.
Minor fixes like repairing crooked siding boards or repointing brick walls are crucial. Make any necessary paint touch-ups, and pay specific attention to the building’s front, where attention will be drawn. If painting the front door entirely won’t make the remainder of the facade look dated and worn, it might be worth it. A high-performing semi gloss exterior paint can also offer the best possible protection while adding some visual contrast and sparkle.
These modest improvements can have a great impact on your property in Dubai. You can draw in potential buyers and ultimately raise the value of your house by improving your home’s aesthetic and practical appeal.