If you are thinking of selling your home or property and want to make a good profit, there are ways to maximize the value of your property. Discover some practical and simple tips that you can do without spending a lot of money to increase the value of your property.
How does it benefit you to maximize the value of your real estate?
If you are thinking of selling your home, you may want to get the best possible return on your property. In order to sell your property as quickly as possible and at a good price, there are some practical changes you can make.
While these changes will not significantly increase the value of your property, they will ensure that the asking price is justified and in line with the market.
Here are some practical tips to maximize the value of your property.
Practical tips
Walls, floors and ceilings
Mold or damp stains that make our walls look gray, tiles stained with water or dirt, even cracks in the tiles. All of these details give our property a neglected appearance.
Dirt can give the impression that the property has other problems. Damp spots on roofs, for example, could indicate leakage problems, and buyers will not be interested in investing in a property where there are unexpected repair costs.
Electrical Wiring
An important part of any property is the condition of its electrical installation. The Costa Rican Electrical Code for the safety of life and property states that all internal electrical installations must be fully piped using materials such as EMT or Conduit pipe.
Older properties that do not have this type of security in their electrical installation should invest in making this change, as most banks may refuse to lend to properties that do not comply with this regulation.
The condition of the pipes
Similar to the electrical system, plumbing should be in good condition. Blockages, pipes and drains should be in good condition. Leaks can be a problem because, if left unattended, they can lead to high water bills or deterioration of materials in the home.
Checking the condition of plumbing and wiring, and repairing any damage that is found, will save you a lot of worry when your home is visited by prospective buyers or inspectors who will be checking that everything is in good condition.
The color of the walls
Although it may seem like a minor detail, the color of the walls can have a significant impact on a buyer’s final decision. In addition to influencing the emotions perceived in rooms, colors can darken them or make them look cluttered or dirty.
This is why it is recommended that you paint all the walls white when you sell your home. White is a neutral color that helps buyers see a clean and tidy space. An important part of selling a property is ‘de-personalization’.
Furniture and decorations
Similar to the walls, when you begin to sell your home, you will need to remove decorative items, paintings, photographs, etc. Removing furniture and other personal items can give a better picture of the property.
Furniture can also change the color, feel and appearance of the rooms. In addition, removing personal items can help owners prepare for the sale of their home.
In order to sell the house,
does it need to be remodeled?
No, it is not necessary, but our consultant, Paola Mazzara, recommends that you consider the following if you are planning to remodel your home.
- If you want to add a backyard amenity, such as a pool, no problem, pools are always popular with property buyers.
- However, if you are planning to remodel your kitchen, bathroom or any other room and your home is several years old, you should consider the style in which it was built. Remember that remodeling should be done in the style in which the house was built.
This task will be easier with the help of an interior designer. Drastically changing the style of the house could cause a mismatch between the renovated room and the rest of the house.
Where can I sell my house?
When your property is ready to go on the market, there are many ways to start the selling process. From putting up posters to posting on social media. The process of selling something can be long and difficult, but with the use of specialized property selling websites or the help of advisors, you can make the selling process easier and faster.
Selling a property is a big step towards generating a significant income in 2025, maximizing the value of a property can improve the outlook and help the sale go smoothly. At Nativu, our advisors will help you through the step-by-step process of selling your property and advise you on how to prepare it to increase its value.
