Pakistan undoubtedly has cities that work as the commercial hub of the country and are a driving factor behind the country’s economy. In those cities, there are multiple ways to position your capital that can make you millions; one of them is real estate. With the stupendous surge in demand for real estate in recent years, it’s difficult for people to maintain their house’s market value, let alone improve it. But we don’t let you lose your sleep over it! In this blog, we will tell you all the right and easy-to-execute tips to increase your property value in Pakistan.
So, let’s dive into it.
Declutter, Declutter, Declutter – Make Your Home Increase in Value
Saying a word three times magnifies its prominence! I don’t know who said it, but I read it somewhere. But that’s not the point. The issue is that most of us stacked up our houses with unnecessary entities that we also haven’t used for quite some time. The thing is, now you have to declutter your house. But how do you do it? Time to take notes.
Set some time daily – not more than 15 minutes – to fetch out things that you haven’t used for a while. Because if you didn’t need them in the recent past, you probably won’t in the near future. Maintain a “decluttering checklist” if you need to; however, try to cut to the chase as quickly as your mind starts overthinking.
You can also ask for opinions from those outside your house as they are first-time visitors and can relay points worth noticing. Once done with the activity, try to capture the moment before [overcoming] disaster pictures. You will then find peace of mind walking into your less messy and minimalistic home.
Enhance Your Curb Appeal
Suppose someone is interested in your house and wants to see a place. What’s the first thing they’ll notice? Exactly, your ‘curb’ and the outlook of your home. In this case, it doesn’t matter how well-furnished is your real estate from the inside; the outward perspective is what matters to seize the buyer’s glance.
Here’s the list of things you can do to boost your curb appeal:
- Introduce greenery through bushes, mosses, ivy, shrubs, palm trees, reeds, bamboo trees, and what best fits the house’s aesthetics and budget.
- Install decoration pots, artificial weeping willow, portable plants, or anything you admire.
- Replace old, rusty mail / letter / suggestion box with some pleasing to the eye, made of wood or marble box.
- Make address prominent through creative ways that are available for free on Google.
- Create a streamed-landscaped pathway made of stones or wood pieces outside of your house.
If you’re new to curb designing and aesthetics, try to call in some expert that has the competency to provide valuable suggestions. Avoid old-school ‘maa-li’ for this job, as most of them aren’t updated to modern housing standards. Boosting curb appeal shall increase your property value up to 20%, as people absolutely admire this aspect in any house.
Every Inch Counts That Can Increase Your Property Value
Efficient use of spacing is an art, not everyone’s cup of tea. Try to hire an interior designer for this purpose, as they are well-informed about modifying a too-narrow or a spacious house. A single-story narrow real estate can fall right into fabulous modern-day artistic standards.
Similarly, the same thing with flawed design gives the vibe of dungeons of the lilliputians. All you need for a pixel-perfect blueprint is just a pinch of creativity with a tablespoon of problem-solving skills, not “MAD’s art and craft skills.”
Inspection and Fixation
Inspection is what comes first, but the irony is we pushed it to the fourth. Anyways, try to inspect every corner of your house once you decide to sell. Believe me, fixing your home as the issue arrives is much less stressful than procrastinating about it every day. Here’s what to inspect in your house before lending to another person:
- Remove mold and other fungal growth inside your home; it would give a wrong impression if the owner finds it and asks you to fix it.
- Take a look at wooden material, and double-check if it’s safe from woodworm, rotten wood, fungal decay, and whatnot.
- Make sure electrical wiring is up-to-date and not slashed or abraded from anywhere.
- Make sure every ceiling is intact and paint isn’t scraping off of them.
- Update switches if they are old-school or placed out of the grid.
It’s your duty as a homeowner to apply all the necessary changes to your house required before selling it to another person. Doing this will not only increase your buyer’s trust but also significantly increase your property value.
Paint Everything That Looks Ugly
Well, that doesn’t include everything, but you get it right. Before painting the house indoors and outdoors, finalize the coloring scheme, assess the overall budget, choose a reliable brand, and select water-proof, stain-resistant matt finishes. These might sound heavy on the pocket but works incredibly when some buyer will evaluate your house.
Property investment in Karachi relies on many things, out of which the right paint and color have the utmost importance. One more aspect to take care of is always choosing colors that are liked by the majority. Otherwise, your personal preference won’t last long in the buyer’s perception.
Upgrade Your Kitchen – A Must-Have to Increase Your Property Value
Yes, that cliche, the “American-styled kitchen,” we always talked about still works in the game of increasing your property worth. Your kitchen nowadays should be properly ventilated, spacious, have all basic facilities, and enough room for utensils and crockery.
A good, well-lit kitchen is a need of every house in Pakistan, especially in Karachi heat when the temperature reaches above 45 degrees, sometimes with the addition of a heat wave. Therefore, add this feature to your checklist ASAP.
Fully Furnished Bathroom
The bathroom again doesn’t require enough modification. But if this place lacks many basic features, such as suitable mirrors, cabinets for accessories, towel rails, bath mats, proper lighting, soap dish, and quality tap faucet, it massively reduces its value.
Therefore, it’s essential to maintain proper checks on these matters and fix issues as they come up as they significantly increase your property value.
Replace The Door
I know it sounds costly! However, it’s good to replace the existing doors as they are most probably damaged or have gone through numerous repairs. Doors possess excellent value addition, and with the use of good wooden material, they can withstand a lifespan of over 15 years without any repairs.
Moreover, in this era, double-glazing is getting much exposure due to its luxurious lifestyle feel. But if your home is built narrow or doesn’t have adequate space, refrain from adding double-glazing, as it provides more hindrance than improving the home’s aesthetics.
Interior Flooring and Trends Crazily Increase Your Property Value
Make sure your house fits well as per modern-day standards. If you have tile flooring, that’s good. But having wooden flooring gives out an incredible increase in the property’s value. Similarly, kitchen and bathrooms should have half-tiled walls as simple concrete and paint is more prone to water damage.
Always add new styling to your home by looking at the trends that will remain relevant for the next 10-15 years. Doing this not only saves you money but also gives you peace of mind and increases the resale value of the property.
Cleaning is as Important as Any Other Factor
When all the aforementioned steps are dealt with accordingly, it’s time to do a general cleanup of the house. Clear out the dust on the gadgets and standalone items, mop the floor, clean the artificial flowers or pots, clear out AC filters, and what not to give a last, final touch before the buyer come up.
Cleaning significantly increases your property value; therefore, it’s your responsibility to perform adequate steps to make cleaning accessible in the house. Installing air / dust filters, vacuum cleaners, IoT-enabled robots, etc., should be there to clean the house, as they are highly efficient than a separate human resource.
Property investment in Karachi isn’t as easy as it sounds. Many steps, observations, and things require your attention span before plunging into this business. Similarly, making a home ready for buyers is also a labor-intensive task that takes time and took at least a month to complete. Therefore, it’s your duty to apply all the above steps to increase your property value exponentially.
Questions or concerns about real estate investments in Karachi? Connect with RAAS expert for smart future investments.