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How to Enhance the Value of Your Property

While the increment rate can depend on a myriad of factors – from the community where it’s situated, local demand and even the global economy as a whole – there are still some bulletproof ways to help increase the value of your property that are well within the owner’s control.

Regardless of whether your future plans include wanting to sell or wanting to simply enhance the value, here are six proven strategies that will manifest as higher dividends.

Owning a property, let alone your home is a rather emotional experience. More tangibly, it’s also an important financial decision that pays dividends once equity is built up in the desired manner in to increase the value of the property.



1. Ensuring energy-efficiency



It helps reduce utility bills, and even while making a sale, such features facilitate it by making the property more attractive and appealing. Most properties with modern appliances have shown to report a higher net sale price.
This is crucial because it makes your home low-maintenance in the longer run. Some other common practices are installing solar panels on the roof, considering double-paned windows, putting up LED lights, replacing old HVAC etc.

It doesn’t matter how big or holistic or comprehensive the energy upgrade is, as long as there are small and calculated steps in its direction are being taken. If you still feel too lost, (which is understandable because energy efficiency can be achieved in various ways and is a dynamic field), reach out to experts. We recommend booking an assessment with The Cotocon Group 

2. Install smart features



Smart features help reduce the overall consumption depending on the latest gas and energy prices. A smart thermostat can adjust your house’s energy consumption depending on the latest gas or electricity prices, or even allow you to phone in instructions such as turning on the furnace before you get home. Prices range from $150 to $400 or more, plus installation from a trained electrician or HVAC contractor. Try the Emerson or Aprilaire 8600.



3. Don’t forget the home finishes also!


When it comes to enhancing the value of your property, don’t forget the home finishes. A good renovation construction company can help you update your home’s exterior, interior, and/or landscaping. They can also provide you with a new roof, windows, siding, and much more. This will give your property a fresh look that will increase its value.

Another way is by simply replacing the old fixtures or changing the front door also bumps up the value.



4. Resort to smart technologies



It has become increasingly non-negotiable to incorporate smart technologies which revolve around the themes of safety and convenience. These devices include fire-extinguishers, fire detectors, thermostats, carbon monoxide detectors, security cameras, door locks and lightings. Along with a higher value, smart tech also offers more appeal. Plus, more often than not, it’s possible to install these devices without any help.



5.
Upgrade in a way that caters to the demographic trends



Certain features call to certain demographics and geography more so and where your property is located also determines it to a great extent. This can’t be ignored because millennials make up 37% of the home buyers as per the National Association of Realtors. Some of their top tier demands involve smart tech(keyless entry, high-end wifi access), as has been mentioned above.

Similarly, buyers nearing retirement are seeking an entrance without slip, non-slip floors, a full bath on the main level, etc.


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