Do you have properties for listing and hoping to sell out your properties as soon as possible? With so many houses for sale in Malaysia, the competition is strong. Make sure you understand the Real Property Gains Tax (RPGT Malaysia) before you list your property on any listing websites. As the competition is strong in the property market, this article will guide you through the tips to increase your property value to attract potential buyers.
1. Replace front gate
According to a study in the United States, it is reported that replacing the front gate of the house will result in a higher return on investment for your property value. Though the study is based on the houses available in the States, there is no harm in replacing your front gate, especially if it has been there for a long time and needs a revamp.
2. Refresh the kitchen
Notice a leak in the kitchen? Fix it. Notice a damaged light bulb? Change it. Has it been one year since you last serviced your air conditioner? If yes, it is time to service it. Keep the cabinets, sinks and tubs scratch free and clean. You could also add a new kitchen island to give you extra working space when it comes to cooking preparation.
3. Replace bathroom fixtures
Make sure the shower head, towel racks and toilet paper holders are still in working condition. Is the heater still working? If not, service it. Are the light bulbs still working? If not, change a new light bulb. Service them all while the problems are still minor. Do not wait until it becomes a major problem and end up being a damage where you cannot repair and the only way is to replace a new one. That will then cost you a whole lot more than just servicing and maintaining. In addition, position matters as well. Nothing annoys the tenant more than having a fixture placed at a very odd and inconvenience location, for example, toilet paper holders located at an unreachable location.
4. Update curtains
Curtains are mandatory accessories in our homes. Curtains play an important role as decorative purpose as well, as it provides an ambience in the space. Choosing the right curtains could keep direct sunlight away and keep the space cooling. Another practical purpose of having curtains is that it helps in maintaining the privacy at home.
You could opt for a two layered curtain with one being thicker than the other one. Keep the curtain together to enjoy sunlight if you wish to and let them down if you prefer some privacy.
5. Add storage
There is never too much storage. There is no such thing as having too much storage space. Having extra storage in your bedroom, kitchen, bathroom and living room is essential in keeping everything organized and tidy. Having extra storage will help you to declutter your home and give your home that extra space you need.
6. Repair Cracks, rot and seals
As bare walls could develop some cracks along the surface due to the holes drilled for hanging pictures and the sealants in the kitchen and bathrooms will get mouldy over the years, you will need to patch these areas with plastic filler and replace the sealant so everything will look good as new again.
7. Change electrical switch
If you want to increase your property value, you could always choose to upgrade your home electrical switch plate from the traditional ones to electrical switch plates. Not only it helps in modernising your home, it also helps in adding dimmers to the hallway and dining areas for different lighting options that is meant for different times of the day.
Choosing the right paint, the right color makes a huge difference. Using the right paint can instantaneously revive and brighten your initially dull looking unit. Hence, you can choose a color that will brighten up your unit or a color that adds a touch of liveliness for your unit. Nobody wants to come back to a place where it further brings down the already-tired-from-work mood. Make sure to use only good quality paint as well to protect your home and will certainly last you a few years. If you are unsure of which color to choose, you can always ask for advices from the stores, as most stores offer a wide variety of colors for you to choose from and they will be able to advise you on the matching of the color that suits your house theme.
Trim the bushes and remove the weeds to make your garden more presentable. Consider engaging with a landscaper to help you to beautify your garden. You will be surprised at how much difference it causes by trimming the bushes from the trees.
10. Replace doors and windows
If your door knobs or door handles have been there for a long time and are already worn out, do replace them with new shiny ones. As for doors and window frames, you could hire a handyman to help you repaint them or you could always choose to do it yourself.
It is actually not a hard job to increase your property value if you follow all these tips. Make some simple improvements to your unit and make your potential buyers feel like it is more than just a house but a home sweet home. Most importantly, they are mostly low cost. You will be blown away on how much of a huge difference it can make if you follow all these tips and at the same time, boost your house rental value in Malaysia.