When you consider selling a property, there are many factors that impact and define its value. However, instead of being tempted to make a subjective evaluation of the property by the owner, it is essential that you always keep in mind the tax value of the property.
Once you have established the basis with the tax value, it is time to understand the factors that increase the value of a property. Some of these factors, such as the location, the state of the structure of the property or the fact that the property is under the protection of historical monuments, can be decisive when establishing its value.
Below, we present the factors that increase the value of a home.
The location of the property
It is not limited only to the neighborhood where it is located. When we talk about location, we also refer to the specific place within said neighborhood and, in the case of a floor in a building, we consider the height and orientation.
In general, plots located on corners tend to have a higher rating, since they have two fronts that allow light and air to enter. Light, ventilation and views are also factors that determine whether upper floors have greater value. In fact, this is the reason why penthouses with terraces are the most expensive and most in-demand properties.
Gain from the development of the area
Also known as Tax on the Increase in the Value of Urban Land, it is a direct tax that is applied to the increase in the value of these lands when ownership is transferred. But what factors influence this increase?
The increase in this capital gain is completely independent of the owner and is usually related to the urban development of the area, its revaluation and the growth prospects of the area, such as the construction of new connections, schools, shops or work centers.
Construction quality
The quality of the property is, undoubtedly, one of the factors that contribute to the increase in its value. When we talk about quality, we mean that the home has a solid and stable structure, quality installations and adequate insulation against noise, cold, heat, water and humidity. In addition, the materials and finishes used inside the home are taken into account.
In recent years, a focus on energy efficiency has been added to this traditional notion of construction quality. Currently, 20% of future buyers are looking for homes committed to the environment, according to a study. Having a more efficient boiler, solar panels or incorporating smart technologies are examples that can help increase the value of the property.
The state of the home
Along with the quality of its features, it is often crucial in determining its value. A home that has been recently painted and whose windows offer efficient insulation, both in thermal and acoustic terms, will always have a higher value than those that lack these features.
In addition, the condition of the kitchen and bathroom of the property is also essential. That both are in the best possible condition can influence the decision to buy a home, since the renovation of these spaces usually requires a considerable investment. Choosing to carry out a small renovation in these aspects before selling the property can increase its value.
Rosesinmo.net can provide you with the necessary help to carry out improvements that increase the value of your property.
The size of the house
It is a factor that has traditionally contributed to the increase in the value of a property. However, it is important to note that, although it is evident that a smaller home will generally be cheaper than a larger one, this factor is directly influenced by its location. In other words, even if it is a small home, its price will be higher if it is located in a large city.
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