3 Major Decoration Design Guides Teach You How To Quickly Increase The Value Of Real Estate!
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May 22, 2023
3 Major Decoration Design Guides Teach You How To Quickly Increase The Value Of Real Estate!
Renovation is like an embellishment of a house. Whether it is for self-occupation or investment, the comfort and return rate of a renovated house must far exceed that of an undecorated house.
From the perspective of house buyers, everyone seems to be worrying about how to meet the needs of tenants or self-occupiers with a reasonable renovation budget and increase the rate of return on house sales. The decoration budget varies from person to person. If it is for investment purposes, it is recommended to use 10% of the total property value as the decoration standard; if it is for self-occupation, 5% is the standard. In addition to the decoration budget, what other decoration knowledge should we pay attention to?
a. Understand The Classification Of Decoration
1. Bright Decoration
- Bright decoration is referred to as easy-to-see decoration for short, such as furniture, sofas, dining tables, etc. are all obvious decorations in the house.
- The value of bright decoration can be seen. For example, if friends who intend to buy a house visit the house, most of them will observe the fine workmanship of bright decoration, and the price of the house will also increase according to the visible decoration fineness of the house. or reduce.
2. Construction And Decoration
- Construction renovation is to expand one of the corners of the house, such as rooms, toilets, kitchens, etc. This type of renovation is usually more suitable for older houses over 15 years old.
- The bank’s valuation of the house is based on the grid of the house, and each corner of the house is called a grid, for example: the toilet is a grid, the kitchen, and the room are each a grid.
- The more grids there are, the higher the valuation will be. If you expand 3 rooms into 4 rooms, although the square feet of each room will be smaller, the bank’s real estate valuation will not decrease but increase based on the calculation of grids.
b. Understand The Important Decoration Parts And Corners
1. Understand The Important Decoration Parts And Corners
- The kitchen is of course important. Whether you live in it yourself or rent it out to tenants, everyone wants to have a well-equipped kitchen for cooking.
Homeowners can consider installing more complete kitchen equipment such as microwave ovens, ovens and dishwashers. - If it is self-occupation, it can bring convenience and comfort, and those who intend to rent out can also use these facilities to increase the rent.
2. Design Style
- If you want to save money on your renovation budget, I suggest you go online to find inspiration and learn how to make interior design changes yourself.
- Nowadays, most developers promote fully furnished projects. Homeowners only need to add some small decorations to the house, such as the chandelier in the living room, new wallpaper, etc. A small step is enough to make the house look brand new.
- From the perspective of investors, you can do your homework first to locate the tenant group, and then decide on the design style, so as to reduce the vacancy period of the house rental.
3. Full Set Of Furniture and Furniture
- Whether renting or living in, it is undeniable that furniture and furniture play a very important role in every family. It can be said to be a must-have item in the house, which can bring convenience and comfort to every family.
- Simple furniture and furniture can help to increase the rent compared to renting out an empty house.
4. Regular Maintenance
- It is recommended that homeowners conduct house inspections every three months to half a year to maintain or improve the quality of indoor living.
- If the landlord maintains regular maintenance, it is not a problem to ask the tenant to increase the rent.
c. Learn the Top 4 Reasons and Benefits of Renovating Your Home
1. Let the House Rent Out Quickly
- Although the rent of renovated houses is higher, most renters will choose to rent houses with complete decoration, because most renters will not live for a long time, so they are not willing to spend money on reinstalling new furniture, after all The cost is not small.
2. Attract High-Quality Tenants
- Interior decoration is one of the areas of consideration for most tenants with better conditions before renting a house.
- Every homeowner hopes to rent out their house to tenants who are more caring about the house and pay the rent on time. If the decoration of the house is used to successfully attract better quality tenants, the tenants will live comfortably, and the homeowner can rest assured. It can be called a win-win situation!
3. High Chance Of Rent Increase
- Most homeowners will use the exquisite interior decoration design to successfully attract a large number of tenants, and take this opportunity to increase the rent and earn passive income.
4. Increase House Value And Recovery Rate
- The charm of the house is embellished by the exquisite decoration design. As long as the inside and outside of the house are well maintained, the return rate of the house in the future will definitely be higher than expected.
All in all, decoration plays a very important role in a house. As the saying goes, people rely on clothing, and houses rely on “packaging”!
In addition to living comfortably, the price you will be able to sell your home for in the future also depends on how well it is done. Now most of the new projects launched by developers also include fully furnished units. If you want to know more details, you can click the following WhatsApp Chat Now link to contact Aunty Caroll Property, or stay on our social media.
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