Before selling a house, it is essential to study the surrounding real estate market and understand which features are most sought after by buyers. With this research, we can boost the sale of our property by highlighting elements it already has or improving others.
1. Factors that increase the value of a property
The value of a property is very important, both for sellers, who can receive a higher price for their home, and for buyers, who end up purchasing a property that is “like new.” To obtain a quick and free initial appraisal of your home, you can use the specific tool offered by idealista.
However, there are some factors that can help you increase the value of your property. Among these, we highlight:
1.1 Location
This is a very important factor when buying a home. Many people value this factor for reasons of day-to-day management. Therefore, it is important that the home:
- Be centrally located;
- Have good access;
- Be close to health services, supermarkets, schools, and transportation;
- Have green areas in the surrounding area;
- Be quiet.
1.2 Lighting/Sun exposure
The brightness of the property, in addition to being a very important factor, can give a totally different perception of a space with little light. The more natural light your home has, the more valuable it will be. Having large windows, for example, is a factor to consider.
1.3 Type of house
The structure of the house, the layout of the rooms, and any extras it has can be decisive when selling the house. Some people choose to combine rooms to give a feeling of greater spaciousness and make the house more functional.
- Room size – People like houses with spacious and airy rooms. The number of bedrooms is also a determining factor when looking for a house.
- Garage – The existence of a garage is, in itself, a factor that increases the value of a house. If we are talking about a garage in the same building and referring to a closed garage, the value may increase even more.
- Balcony/Terrace – This was already an important element in the sale of a house. After the pandemic, it became even more important, becoming indispensable for many. People like to have outdoor space that is a continuation of the indoor space. The more outdoor area, the better:
- Elevator – A house without an elevator is not as sought after. People look for convenience, and having to climb stairs with shopping bags is not pleasant, especially when you are older or have small children;
- Views – The view from a house is also an important factor when selling a house. People prefer houses with unobstructed views to houses with views of another building, for example;
- Security – Houses with security, which have alarms, 24-hour surveillance, or a doorman are more valuable. The same is true for houses in private condominiums.
1.4 Smart technology
Nowadays, homes are becoming increasingly smart, making people's daily lives easier. All it takes is a click to make our lives easier. Some of the most valued technological features are:
- Electric blinds;
- Voice-controlled radio and TV;
- Smart appliances.
1.5 Energy efficiency and sustainable homes
This is an increasingly common and very current concern. Here are some suggestions for changes you can make to help you have a more sustainable and efficient home:
- Install flow reducers;
- Insulate walls and doors;
- Install double-glazed windows and PVC frames;
- Install solar panels.
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Source: https://www.idealista.pt/