Value appreciation of immovable property is one of the biggest motivators for investing in real estate. It means harvesting good profits through capital gains or higher rental income to property owners and more commission to estate agents. A depreciation in value means the opposite – a lose of equity, profit or commission. Value appreciation being this important therefore, techniques that allow investors to positively influence the perception of value in the eyes of the market are welcome. Here are three worthy of consideration and these are perimeter walling, landscaping and a paint finish called eggshell.
1. Perimeter Walling
Walling helps a lot in adding value to immovable property because prospective buyers or tenants when they see it they don’t see only a mere physical structure but they also see SECURITY. As headlines of armed robberies in which people lose not only valuable assets but even human life in cold blood recur in the mainstream media the issue of security is of great importance to those who want property for whatever use ( residential, commercial or industrial ).
2. Landscaping - Paving
Who doesn’t want a five star hotel garden to greet him, ‘ Good morning ! ’ every sunrise? Everyone want this because all human beings have a sense for aesthetics. Psychologists have discovered that a good garden helps to reduce stress. Landscaping is therefore, critical in property value addition because the green lawn and a mosaic of flowers are what people affectionately call SCENERY. This perception helps to increase value in the eyes of the market.
It is however difficult to give standardized rates for costs generally because work executed differs with topography. But I hope you will find the following info about paving ( a part of landscaping ) useful. Paving is created using pavement or drive way bricks and usually you see them as pathways meandering through gardens. Paving can also be used for pool areas, outdoor fire areas etc.
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Visual appearance impact most buyers more than the calculator |
3. Paint finish - Egg shell
A paint finish is probably one of the best for the walls of your property. There are different types of paint finish but for this article I have chosen to talk about what is known as Egg shell finish. A good finish is very critical when it comes to value addition because it translate to COMFORT in the eyes of prospective buyers and tenants.
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