Jan 2018
14

10 Factors That Influence the Appreciation of your Property

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10 Factors That Influence the Appreciation of your Property Update

We do understand that you can’t finalize the right price of the property when you decide to sell your property. Few questions come to your mind like:

1. What should be the right price at which you should sell your property at?

2. Has my property appreciated enough?

3. What is the right time to sell my property?

As a seller now your focus should completely shift to what a marketing agency does to promote a particular product. You should be comparative enough and be a pro to focus on unique selling points of your property.

Now to know how do you do it lets first analyse which are the factors which help in appreciation of Property prices:

Developer / Builders Reputation

In metro cities, buyers are conscious of the builder’s reputation and hence look for properties developed by builders with great repute. If your property is built and developed by reputed and branded developers, then you can get your property sold much faster and easier.

 

Locality / Location of the Property

The location and locality of your property is the most important factor which influences the appreciation of your property. Whether the property is in a developed, developing or an area which is designated for future development. You are need to look if your home is on a highway or is nestled in a quiet location, whether you have a scenic view from the balcony or are surrounded by homes all around, you must know how to market the locality aspect of your property. You must also know to flaunt the advantages of living in that location. If it is near any expressway, highway or Metro, you must market it accordingly. You must stress how living in such a house can bestow buyers with easy connectivity to all other parts of the city.

 

Vaastu-Compliant

Many people in India are keen to purchase homes that are Vaastu-compliant. If your home is Vaastu-compliant, then you can be sure of an easy and smooth sale. If you are not sure if your house is Vaastu-compliant or not, then you can get it checked by an expert, and if required, can make the necessary changes recommended.

 

Corner Homes

Corner homes appraise better than other properties in the same community. When you are selling a corner home, you must play up the benefits such as privacy, ample sunlight, and fresh air.

 

Ample Sunlight

Let as much natural light in as possible. Light-filled homes are brighter and look more spacious. No wonder that light-filled homes appeal to the aesthetic senses of all potential buyers.

 

Floor on which Flat is located

Depending on the city and area of your property, you may fetch more or less money depending on the floor of your apartment. In some metro cities like Mumbai, Gurgaon, flats on higher floors have more value than the ones on a lower floor, whereas, in cities such as Bangalore, it may depend entirely on the locality of your property, and hence you should market your property accordingly. If your apartment is on a higher floor, you can always stress on factors such as view, sunlight, and fresh air.

 

Amenities

Another important USP of any property is the amenities, and hence if you are trying to sell a flat or apartment, you must stress on the available amenities such as swimming pool, round-the-clock security, Club House, or any other facility.

 

Adequate Parking Spaces

Integrated parking space is another USP of living in apartments. While marketing the property, you must stress how the buyer need not pay anything separately for the parking lot (as the price is often included in the sale price.

 

Consider the Future development

You must be aware of the present state of local amenities and also the future prospects for commercial and governmental development in the area. All kinds of amenities concerning schools, hospitals, traffic patterns and other public infrastructure will impact the market value of your real estate property.

 

Security Aspect

Having said the above, if your house is in a locality with very sparse population, or in an area where there are frequent robbery and threats, and then you must consider working on its security aspect before you put your house on sale. It is recommended that in such a case, you invest to strengthen the security of your home.

All said and done, the above-mentioned points are just indicators, and you should be able to identify all the important USPs of your house before you actually start planning a marketing strategy. If you highlight the USP of your property smartly, you can be sure of a quick, smooth, and profitable sale.

Updated: 1/15/2018 1:44:25 AM
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