5 Ways to Improve the Value of Your Property Without Spending too Much Money

| January 3, 2011

There are many small improvements that can be made to a property to increase its value tremendously! Here are five great ideas.

1. Paint The house

This is a great way to make your house stand out from many others around it. A fresh new paint coat will give it a clean cut look that any potential buyer or tenant is looking for. And when choosing a paint color, don’t just choose the cheapest. Use sound judgment in your choice of contemporary colors or appropriate colors for the age and style of the house.

Make sure that you don’t just paint everything the same color either. Use contrasting colors on the window frames, doors, and shutters.

2. Change the mail box –

This is a very  simple fix but can pay big dividends and make a difference to the entrance of th house and creat a good first impression . It is part of creating curb appeal. You want to draw the buyer or tenant toward the house not drive them away. Mail boxes are usually made of cheap material which can deteriorate quite quickly and look bad. Reinstalling a sturdy plastic box seems to be the best choice over metal boxes which can dent and rust.

Sticking the house numbers on the new box is also a plus

3.  Landscape

There are many simple things outside the house,  in terms of landscaping  and designing that can be done to draw potential tenants or buyers to your property. The first thing that can be done is simple , just dig some beds in the front of the house and around the perimeter and throw down some mulch. Plant some good looking shrubs or small trees like barberries or spirals next to the front steps or entry.

Plant them in some type of symmetrical order to maintain the neatness of the property. Flowers can also be planted in those areas like bulbs along the side of the house or various types of flowers among the shrubbery in the front. Keep the grass cut and looking neat.

Fill in bare spots with soil and seed and keep moist to make sure it will take root. A manicured lawn can work wonders on the overall appearance!

4. Install a garbage disposal

in the kitchen sink! Not long ago,  it may have been considered a luxury to have one but these days more and more people are wondering how they could do without one. Again, you are thinking about an addition that costs a relatively small amount of cash relative to the return it will generate with a potential buyer or tenant.

5. Install a dishwasher-

Again, as with the installation of a garbage disposal, a dishwasher is now a modern convenience that few know how to get along without. If your property does not have one, you can install one fairly inexpensively to enhance the facilities and therefore value. This in turn will attract more potential tenants or buyers at a much higher rate, you will be able use this to depreciate this asset so it creates a tax benefit, and the general value of your property will rise.

Following these  tips will definitely help add value to your property. You must think about the value added when performing these various  tasks. If you take this advise, you will not be disappointed at the value this will create for yourself and the happy buyer  and your potential buyer or tenant will be more likely to choose your property over another.

In addition to his managing your property well can also benefit you , check out this book which might help you get a few tips.

Did you find this article helpful. If so then go to the following

link which I believe is a tremendous value for any investor or property owner. Go to http://www.virtualdealfactory.com/r/rmerrick

Article Source: http://EzineArticles.com/?expert=Ryan_Merrick

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Category: Banks, finance, investment property, Property Market

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Property man writes articles related to property , stock market and finance. if you like what you see do bookmark the blog and leave me a comment

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