Skip to main content

How to prioritize your budget to get back the best sale or rental value


Visit Our Website

In general, considerations for the location of a building comes first when choosing a house or building to stay or invest in. An excellently finished house interior can however make a huge difference on the perceived and true value (satisfaction of occupants or rental/sale value).

When putting finishing touches to your building, consider using quality tiles, doors, cabinets, windows, electrical fitting, plumbing fixtures as well as beautiful and inviting paints. If the cost versus benefits of using expensive top quality finishing is not properly considered, you might increase your budget for the house but this may not translate to higher sale value  or rental rates. If the building or house is for rent, an investor should also note that this does not guarantee better maintenance by the tenants. It is wise to spend more of your budget in areas of the house people are most interested in and therefore value more.

I would recommend that the most important finishing design features and fittings that would give a residential house the most value should be in the toilets, bathrooms and kitchen. These are the three most important places in a house most tenants or buyers will want to see before deciding whether they like the house or not.

 Use beautiful tiles and good quality plumbing fixtures that would provide a superior look to the entire toilets and bathrooms. Some of these fixtures include bathtubs, sinks, showers, toilets and faucets (taps). Remember to install a secondary drain outside the shower to help drain unwanted water released to the floor. It is worth spending a little extra to get quality faucets as they are the most used plumbing fixture in the house and tend to have the highest failure rate, so reliable and durable products will save you from frequent maintenance issues.

Why is the kitchen appearance important? It is very important because this is where many families spend much of their time. Meals are prepared in the kitchen and most often eaten there as well. The kitchen ties your home and loved ones together as well as facilitating healthy conditions during food preparations. The kitchen is where many people have their fondest memories.

Spend more money to make the kitchen look luxurious and inviting. You need to use beautiful wooden cabinets with either quartz, granite or marbles on the countertops, warm colored wall and floor tiles, good kitchen layout and plumbing fixtures. Use low hanging fixtures for the kitchen lighting to give the illusion of a higher ceiling. Never sacrifices the durability of surfaces in the kitchen as they can quickly fall apart under wear and tear of everyday use resulting from increased heat and humidity while cooking and foot traffic. The use of high quality solid wood cabinets will definitely keep you away from kitchen renovation for a long time.


well-finished kitchen, toilets and bathrooms will help your house stand out for prospective buyer or tenants. This may make the sale or rent faster as well as attract more money. 



Disclaimer
Any views or opinions represented in this blog belong solely to the blog writer/owner and do not represent those of people, institutions or organizations that the writer/owner may or may not be associated with in professional or personal capacity, unless explicitly stated.
Any views or opinions are not intended to malign any religion, ethnic group, club, organization, company, or individual. All content provided on this blog is for informational purposes only. The writer/owner of this blog makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site.
The writer/owner will not be liable for any errors or omissions in this information nor for the availability of this information. The writer/owner will not be liable for any losses, injuries, or damages from the display or use of this information.
Comments are welcome. However, the blog writer/owner reserves the right to edit or delete any comments submitted to this blog without notice due to:
- Comments deemed to be spam or questionable spam.
- Comments including profanity.
- Comments containing language or concepts that could be deemed offensive.
- Comments containing hate speech, credible threats, or direct attacks on an individual or group.
The blog owner is not responsible for the content in comments.

This blog disclaimer is subject to change at any time.

Comments

Other interesting posts

The Relevance of a High Oversite Concrete/Foundation of a House

Visit Our Website Oversite concrete (often referred to as German floor by the laymen) is a layer of concrete used to seal the earth under the ground floor of a house. Before pegging and digging the foundation of the proposed building. The first thing is to determine how high the oversite concrete of the house should be raised above the natural ground level. Note that there will be many different levels on a sloped land. It is very important to check the topography of the area. More important is the level of the land with respect to the road. If the road is tarred, use it as a reference for determining how high to fill the land when the building is completed for proper grading of the yard for surface drainage. But if the road is not tarred, endeavor to put into consideration how high in the future you think the road will be filled or excavated during construction and use that as a guide or reference. Having a good knowledge of how high the land should be filled to ena...

Effective Strategies To Increase Your Property's Value

  Visit Our Website  Improving a property to make it more appealing to potential buyers or renters is a sound investment tactic. There are several cost-effective ways to add value to your home, from simple cosmetic updates to more significant renovations.   One of the easiest ways to increase a property's value is by enhancing its curb appeal. Freshening the exterior with a new coat of paint can instantly make the house look more inviting. Additionally, well-maintained landscaping, including neatly trimmed lawns and colorful flowers, can leave a positive first impression. If local regulations allow, consider adding extensions for an extra room, bathroom, garage, or carport, which can significantly boost the property value.   Key areas within the home, such as the kitchen and bathroom, are crucial to potential buyers. Upgrading the kitchen with modern countertops, cabinets, and appliances can be a wise improvement plan. Similarly, renovating the bathroom by replacing ...

Real Estate as a Store of Value

Visit Our Website Store of value is a function of an asset that can be saved, retrieved and exchanged at a later time without any risk of losing it and also retains its purchasing power into the future. Wealth is the total of all stores of value monetary and non-monetary assets. The most common store of value in modern viewpoint has been currency, precious metal (Gold, silver etc.) and real estate. The underlying reason for using this storing medium is that it has a better way of managing the risk associated with it. Most people would say money is one of the best ways to store value because of the ease of exchanging it for other goods and services without time wastage, but it can quickly be affected by hyperinflation mostly in developing world. However, real estate is a better means of storing value for investors if the property is strategically located in choice areas, well-built (architecturally and structurally) and free from any form of disaster. A good house will gain ...

What You Should Know About Real Estate Speculation

Visit our website Real estate speculation  is the purchase of a real estate asset (building or land) with the hope that it will become more valuable in the future. It is a passive approach to making profit based on forecasts  and educated guesses of future real estate market trends not substantiated by firm evidence . Speculation leaves no room for the speculator to influence the profit outcome,  because there is not much you can do as a speculator to drive, influence or accelerate the appreciation of the land or building(s).  Real estate speculation can be likened to investments in stocks or sports betting in this respect. On one hand, real estate investments generally involve a degree of speculation on the potential for appreciation in the value with time due to changing market conditions (demand versus supply) and/or improvements in face value (infrastructural, social, economic, security) in the locality. On the other hand, it is important to note that ...