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Resale Value Tip - Why should you Buy Right Home and Keep It Looking New?

You would be surprised to know that one to five years old resale property will be around 75-85 percent of the market value, five to ten years old will be around 65-75 percent and ten to twenty years old will be 50-65 percent of market value. Resale value further goes down if you have not invested in Right Property or if you have not kept it Looking New.

Resale Value:
Resale property value is the sum of the total value of the entire land UDS (undivided share of land), depreciated value of facilities, amenities and building. The major component of resale value is price of UDS which increases rapidly if bought in right location. Other depreciating factors like facilities and amenities can be controlled by investing in appropriately sized property at right price. Interiors of your home plays a big role in keeping it looking new and impacts the resale price significantly.

Choosing Right Property:
  1. Location - Buy your home at Main Road with highest appreciation of Land Value. This in turn increases the resale value multi fold.
  2. Amenities - A home with well maintained amenities sells for a higher price at resale time, an ideal approach would be to avoid a home in an apartment with large number of homes. A larger community is difficult to maintain and over time the amenities stop looking new.
  3. Price - Buy a home within 10% of Govt. guidance value for best appreciation. Properties marketed extensively are generally priced higher and does not give you good returns.
  4. Fixtures - Look for premium fixtures like luxury flooring, modern bathroom fittings and premium electrical material used. These increase the life and enhance the appeal to have better resale price.
Keeping it Looking New:
  1. Maintain Electrical Fixtures - Fix modern baseboards, light fixtures and switches. It can change your home at a fraction of cost of any other renovation techniques. 
  2. Regularly Paint Your Home - You should Coat fresh paint to suit your home. This will easily brighten up the home and will make it look fresh and new.  
  3. Change Windows -  Install the new windows to open up the energy efficiency and greenery. It certainly adds value to your home on a limited budget and brings better returns on your home.
  4. Upgrade Kitchen - Maintaining the kitchen can make the house looking new, choose the design, fixtures and paint color carefully. 
  5. Other Minor Fixes - Flooring and painting will always increase the value of your home. It is wiser to buy a home with good flooring to avoid the money on upgrade.
CMRS Group makes all its property on strategic locations (Main Road, Corner Land, Upcoming Location etc.) at prime places to increase the land value continuously. The properties are priced reasonably and all the fixtures used are of high quality. You are assured to have a Happy Living and very high Resale Price.

For any property guidance, free legal advice and any other assistance while buying a property, feel free to call at  +91-7676-122-000 or send an mail to info@cmrsproperties.com
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