Top factors that affect the resale value of a residential property in Delhi

Have you considered rent house in coimbatore? While buying a property, the resale value is a vital point that is considered by most of the potential buyers. Since a residential flat or a property is one of the most valuable assets for a person, he ensures that it will fulfil the needs of his family members. You may have bought a well designed flat but if its location is not favorable, the resale value will surely be affected. Below have been discussed some of the vital points that you should consider in order to avail the best resale value for your property.

  1. Location of the residential property

You can make various improvements to your property but one can never change the location of the specific residential property. Location of the property is one of the most crucial factors that determine its resale value.  For instance, if there are troublesome neighbors near your house or there is huge noise in the surrounding area due to busy traffic, the resale value of your house will surely get diminished.

  1. Have made home improvements in an illegal way

Illegal home improvements can also be the reason behind the decrease in the resale value of your property. Make sure not to consider for improvements that will make your property look different from various other residential flats in the same location. For instance, if you have made any illegal improvements then a new buyer may not buy the property if the cost of rectifying it is too high.

  1. Reputation of your residential property

Most of the potential who are willing to buy a resale property, try to analyze the reputation of the specific place or the neighborhood. If the location of your property is associated with various criminal activities then it’s sure to affect the resale value. Nobody will be willing to buy a property where they will not be able to experience utmost safety.

  1. Size of the property

The size of the residential property will also affect its resale value. Some of the things that most of the potential buyers try to check out in a residential property are number of bedroom, bathrooms, size of the room, storage place and parking space. If your property will be able to fulfill all these points then it’s sure to get a good resale value.

  1. Exterior look of the property

If your residential property does not look appealing during the first instance then it’s sure to affect the resale value. Most of the new buyers firstly analyze the exteriors look of the property before checking out the interiors. If exteriors look of the property is unable to fulfil the expectations of the buyer then you will not be able to get good returns on your investment.

  1. Safety equipment’s

Have you installed smoke or fire detector in your residential flat? This is also a vital point that is analyzed by most of the new buyers of resale property. A property in which various safety equipment’s have been installed is sure to get higher resale value.

  1. Amount of Electricity charges

A residential property which is highly energy efficient is sure to get a good resale value. Buyers try to determine the monthly electricity that he will have to borne after buying the specific property. Make sure to install energy efficient electrical appliances in order to increase the resale value of your property.

These are some of the vital points that affect the resale value of a residential property in Delhi. Analyzing these points will surely be effective in availing good returns on your investment.

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