Increase Your Property Value | How to Increase Cost of Your Property in Singapore

Property | Real Estate

If you don’t want to lower your asking price, here are some ideas for increasing the value of your property without spending a fortune on renovations.
Also, if you’ve ever gone house hunting, you’ve certainly had your fair share of shock when certain homeowners ask for outrageous asking prices despite the fact that their homes aren’t in the best shape. Given the state of their residences, their asking price may appear far too expensive (e.g. peeling walls, plumbing issues, etc). In this blog, we tell you how to increase your property value in Singapore. 

This is the number one thing you should avoid as a homeowner selling your home. Though you may be tempted to ask for a high price in order to make a profit, potential customers will undoubtedly assess for themselves. If you are adamant about not lowering your asking price, there is still a chance for you to sell your house at your targeted price. You simply need to make a few changes to your home to make it more desirable to potential buyers.

How to Increase Your Property Value

Here are some strategies to boost the worth of your property without settling for a cheaper price.

Clear Out Your Apartment

Walking through show flats at condo launches and IKEA makes you want to imitate similar models in your own house, but do you know why they are always so appealing? Because there isn’t much clutter! Their wardrobes include only approximately five pieces of clothes, and there are almost no knick-knacks laying around like in normal households.

Though it is impossible to eliminate clutter entirely because you are living in your house rather than a professionally arranged showroom, keeping the debris out of sight can make your home appear much larger and more aesthetically pleasing. This includes making your bed, returning all stray items to your closet, and storing your child’s toys in their designated toybox (or hiring someone to assist you!). Though the phrase, “out of sight, out of mind” still applies, don’t simply stuff everything into your drawers and cabinets. Potential purchasers will most likely want to look at your storage areas – you don’t want your pots and pans to spill out once the doors open. Maintain their neatness and organization.

Refinishing Vintage Furniture

Yes, I’m referring to the peeling paint in your room’s corner. Whether it’s a fresh coat of paint on your walls or resolving plumbing issues, touching upon old furnishings instantly makes your home appear much newer than it is. This also entails replacing worn-out furniture and plugging in random holes in your walls. Repair any old fixtures to give the house a new lease on life, so that potential homebuyers would be more motivated to match your asking price after seeing how well your house is maintained. Remember to pay with a credit card to maximize your rewards!

Improve your Kitchen

The functionality of the kitchen is one of the most important factors for homebuyers, especially for couples or families who frequently prepare their own meals. While it cannot be too small, the kitchen must also be in good working order and conducive to cooking. This means that your stoves cannot be rusted or damaged, your sinks cannot be rusted, and your cabinet door hinges cannot rattle. Even if your kitchen is perfectly functional, outdated equipment and cabinetry may encourage homebuyers to look elsewhere.

If you haven’t renovated your kitchen in a while, it might be time to do so. Of course, if your budget does not allow for a full-fledged kitchen renovation, you may still make little changes. Altering the laminate on your cabinet doors, replacing your stoves, or changing the floor tiles will help your kitchen stand out and make your home more inviting.

Personalization Should be Minimized

Whether it’s the polka dot wallpaper in your kitchen or the brilliant LED lights that run along with the ceiling of your room, these unusual decorations help to make your home genuinely yours. And although you could enjoy it, others might not. If you want to boost your chances of selling your property, removing these personal touches that may put off potential buyers is a good idea. Many people nowadays choose a minimalist design in their future houses, so removing any decor or furniture that contradicts this may help you sell your home.

However, this is entirely up to you, and you never know what might appeal to the buyers seeing your property – perhaps they, too, will find pleasure in these unique touches!

Make the Room Appear Larger – Increase Your Property Value

The area in your home will also make it stand out. Nobody wants to live in a tiny apartment where storage and even movement are challenging. While you cannot physically increase the square footage of your home (according to HDB regulations), you can make simple changes to the area to make it appear larger.

To allow more light to shine through, replace any heavy closed window blinds with shutters or vertical blinds. Sheer day curtains, on the other hand, do the trick while also adding a soothing and warm tone to the room by allowing some natural light in. With more light entering the space, the room will appear much larger than it is. Mirrors are also known to make a place appear larger, so placing a single large mirror in your living room or master bedroom will create the sense of a much larger space.

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