Elements to Increase Resale Property Value in Dubai

Tuesday, October 18, 2016

Elements to Increase Resale Property Value in Dubai

 

The resale value of your property investment is a very important consideration while selling a property as well as when buying a new Dubai property. In essence, the true value of your property investment is determined by what other people are willing to pay for it. You may not have control over many of the factors that influence this decision such as interest rates, the Dubai property market and the state of the economy. Despite this, there are a number of things you can do to boost the perceived value of your property investment.

 

So, what are the factors that determine the attractiveness of a Dubai property? If you’re thinking about selling your property investment at some point in the future, then here’s what you should look out for.

 

  • From a buyer’s point of view, selecting a Dubai property that is in a good location and enjoys good connectivity with the rest of the city are important attributes.
  • If you’re looking to appeal to families, a wide range of amenities, including the number of bedrooms, bathrooms, storage space, parking space and garden need to be considered.
  • Home improvement dos can boost resale value. Why? Because buyers may not want to put more money into a property investment after having already gone through the extensive process of purchasing a Dubai property. However it’s important to know which ones aren't worth the extra expense. The kitchen is a place where families spend most of their time, so start with upgrading to stainless steel appliances, fixing shiny knobs on cabinets and installing a new faucet for the sink and countertops. These are easy fixes that will enhance the aesthetic appeal of your Dubai property. Another wise kitchen upgrade would be to connect the kitchen to the living room. Aside from making the kitchen feel more spacious, it will also enable you to keep an eye on your kids or an ear out for what people are saying.
  • Lighting enhancements such as adding a window in the bathroom, so natural light can illuminate the space, are good value boosters.

 

Most important, remember that your house interior and décor tastes are your own and may not necessarily be shared by a potential buyer. So, before you put your Dubai property on the market, make sure you de-personalize it as much as you can and offer viewers a blank canvas.

 

House prices can vary significantly even for similar Dubai property, so anything you can do to boost the perceived value of your property investment will pay off in the long run.

 

With Better Homes’ help, you can maximize the value of your Dubai property. Get in touch today!

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