When the market is taking a dip, it is time to get active and look to maximize the value and return of your property.
Many property management companies in Calgary know that making smart investments into your home can help you in the long run. So whether it’s the property you’re living in or your rental property, you should look to make adjustments and improvements to boost its value.
The problem with a lot of people is that they don’t want to spend a lot of money. They want to make changes to their properties without blowing their budget. With some helpful advice from property management experts in Calgary, here are some ways to boost your home without spending money.
Ways To Increase Your Property’s Value On A Budget
There is always this giant push for you to completely renovate your property when you want to boost its value. That is not always the case. Small changes can make a massive impact on the value of your property without spending too much money. Here are some minor changes that you can do that will help boost the value of your property:
A Paint Job – A new coat of paint is the least expensive way to upgrade your property’s appearance. It will make the place seem fresher and add a level of brightness to it. But be careful to choose the right colors that bring out the best in your home. Go with warm and neutral colors, and make sure you go with a quality brand that lasts.
Update Your Lighting – What happens when you add a stunning new light to your home? You give it an edge and tone that makes it look like it’s brand new. Getting the right hue and brightness can have a significant impact on the atmosphere and quality of your home, especially with a fresh coat of paint.
Upgrade Your Fixtures – While fixtures can be expensive, you can make a few little stylish changes that can make a massive difference to the overall look and style of your home. Change your faucets and handles to give your place a new look. It might take some work, but it won’t be super expensive.
Change Up Your Landscape – Too many people think they need to completely revamp their landscape in order to make it amazing. But all that you require is to make some slight changes by adding new flowers, trimming individual trees, clearing out weeds and aligning your landscape properly. These changes can make a positive impact on your property without revamping your landscape completely.
Install New Windows – While windows can cost you a pretty penny, you can get a rebate for them if you get energy-efficient windows. Energy Efficiency Alberta offers up to $1500 on rebates for ENERGY STAR® triple-pane, Low-E, argon windows. Not only are they stylish, but will save you plenty on energy bills – something that appeals to tenants and potential buyers.
Enjoy The Payoff Without Spending Big!
All of the upgrades above are individually inexpensive – especially if you do it yourself. It can cost between $2,500 and $6,000 in total if you find the right materials and do your job correctly. If you need help (probably with the windows), then speak to your property management company in Calgary about giving you companies that can help with renovations.
By taking pride in your property, maintaining it regularly, and keeping it updated, it will pay off for you in the long run. The more appealing your home, the better chance you have to rent it out or sell it down the line.
If it is your rental property, your rental property management in Calgary will see an increase in rental wage, a decrease in maintenance costs and an increase in long-term residencies. If it is your living property, you can always sell it for a high price, seeing money come back into your hands. Either way, it is essential to make these upgrades.
Don’t miss out on this chance to boost up the value of your property today!
Mountain Park Real Estate is equipped to help you with all of your real estate and property management needs. If you’re looking to buy, sell, rent or hire a property manager, trust the experts at Mountain Park Real Estate in Calgary and you’ll receive the best possible service. Visit our website at mtnparkpropertymanagement.ca or contact them directly by emailing: [email protected] or calling: (403)-984-4404.