Moneycontrol PRO
HomeNewsBusinessPersonal Finance5 hacks that will double the value of your resale property

5 hacks that will double the value of your resale property

5 hacks that will double the value of your resale property

November 03, 2015 / 19:00 IST

It’s not easy for an investor or a second time home buyer to either sell or give their property away on rent today. There could be several reasons such as a slow market, not so great location or bad infrastructure for this hardship. Making a few changes within the house will help you get a better price despite the lull in the market. Here is how you can improve you home without actually emptying out your pocket.
Whitewash
If you think potential home buyers will be willing to purchase an old property that is decorated with old wallpaper or paint that is chipping around the corners you are wrong. Despite being a resale property, property seekers would want the house to ‘look’ new, so get the house whitewashed. Ensure you use light colors that make the house look light and airy. If you have wallpapers around a few sections then get them removed. You cannot judge the potential home buyers’ taste, so stick to the basics.
Lay fresh flooring
Floors are cited to be one of the most enduring part of the entire house but they might become outdated. If you want sell your property at double the price lay fresh floors. Do away with old mosaic floors or grained tiles and replace them with faux wood or cheap marble floors. These cheaper alternatives will be light on your pocket and they will make your house look bigger!
Remodel the kitchen
When we say remodel we don’t expect you to pull the entire kitchen down and start from scratch. We just want you to upgrade it. If your house has an old traditional kitchen that uses up the entire space, swap to a modular one. Change the counter top to make it more modern and viola you have created a room in the house which will increase the price of the property exponentially.
Change light fittings
Because light is the only factor that makes the room look airy, cheat the eye by placing fittings that aesthetically enhance your room. Create a false ceiling with many LED lights or strategically place pendant lights over dining areas to make the rooms appear more homely. This will help attract many young couples.
Clean up the restroom
This is the only room that could either make or break your deal. Nobody would want to invest in a property that comes with a terrible bathroom, so ensure you revamp it. Get rid of all the old fittings and replace them with the new ones. Replace the old bathroom tiles with anti-skid ones and place new sanitary-ware. While this change might cost you a bit, a new bathroom will help you increase the value of your property by leaps and bounds.
Nidhi C Thacker for IndiaProperty.com
Image: © Jorge Royan / http://www.royan.com.ar, via Wikimedia Commons
By: indiaproperty.com

first published: Nov 3, 2015 07:00 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347