Wondering what adds most value to a house in Singapore? When we talk about some great countries for investing in real estate properties, Singapore is a name that comes to the minds of many people.
However, before investing in real estate, we need to bear in mind that there could be a few attributes and characteristics unique that could determine the value of a house.
In this article, we will look at the most important thing that adds value to a house. It could be useful in making the right decision based on facts instead of going by opinions and gut feelings.
The value of a home is determined by the way it looks. Of course, there are other factors like location, quality of construction, size of the home, etc. But if you are planning to re-sell your homes, you certainly must pay attention to the overall looks and appearances.
There are a few things within your control that you can think about. They include regular painting of the interior and exteriors of your home. This helps to make the home look fresh.
Homes like all assets age. When this happens, it is quite possible that it may lead to the home looking dull, drab, and bland. It would be a good idea to go in for a partial or complete renovation of the home.
You have to hire the services of a professional home renovating company. You can suggest some ideas about the renovation of the house. They also could help in relocating the kitchen bathroom or a few other rooms so that your home could have better utilization of the space available apart from looking good.
On the other hand, you also could take help from reputed and well-known renovation companies in Singapore. They know everything about the renovation and they will be able to share some useful tips and suggestions.
As migration of people increases, it is obvious that the demographic changes and movements will also have an impact on the overall value of a home.
Therefore when buying a real estate property, you must do some research and learn to predict the possible migration to cities and the kind of pressure it will exert on available land space and this in turn could impact the price of real estate in the short, medium and long term future.
The location of the real estate property has one of the major roles to play when it comes to value appreciation or the cost of the property. If you are buying a property make sure that it is as close as possible to MRT, CBD, and other such transport facilities.
The infrastructure in and around the property should be well-developed in terms of schools, hospitals, malls, supermarkets, entertainment facilities. The roads, water supply, security & safety, and other such attributes should also be considered carefully before moving forward.
Parking is a premium in a small country like Singapore and therefore if you are able to find a home with a designated parking space, this will surely increase the overall value of the home.
Finally, the value of the home will depend on the kind of interiors that you have and the kind of home improvement that you have put in place. This could impact the value of the home positively and negatively.
However, before you get into drastic changes to your real estate agent talk to him about the requirements and be sure that you are not overspending or underspending on home improvements.
There are a number of factors that influence the overall value of a home. These should be kept in mind when you are planning to buy a home or invest in Singapore