(Newswire.net — May 19, 2016) — For years now, most of the world’s major real estate markets haven’t been performing as bullishly as they were prior to the 2008 economic crisis. While most of these markets have started displaying signs of recovery, the lessons of the economic crisis will continue to resonate with those affected for a long time to come.
Most people have now become extremely conservative with their real estate assets. Below are just a few tips on how to keep your property’s price up (or as high as you can get it) no matter what might be happening with the global market.
Think of your home as an investment
While most experts won’t encourage you to think of your home as an investment (it is more of a liability after all), having this mind set when purchasing a home can make the value of your property more immune to fluctuations in the market. For example, properties near schools, recreational areas and offices tend to hold on to their value far longer than those in the suburbs. These properties, however, tend to be a lot more expensive in the first place, which can be a deterrent for most buyers.
Update your home’s façade
In cases where your budget does not allow for a prime real estate property, it is best to make the most out of what you can afford. Updating the façade on a regular basis (every 5 years or so) can help your home keep its value even in tough times. A new coat of paint, updated landscaping and even just planting a tree and some other greenery in the front yard can really increase the market value of your house. If you’re on a truly tight budget, just paint the house in the same color. This way you are not forced to match the rest of the house to a completely new color palette; yet your house will look new and well-kept.
Update your interiors
Renovations in the kitchen and in the bathroom make the most impact with regards to a home’s market value. As does opening up spaces by tearing down partition walls. A coat of fresh interior paint, even if it’s just the same color, can do as much for your interiors as it can for your home’s façade. Expert information from our friends at HomesGoFasts.com