Raising the Market Value of Your Investment Property: 7 Proven Ways to Do It

Whether your property increases or decreases its value, the choice is yours. While the location is always an important factor, there are many other ways you can improve the value of your investment property. Many of these strategies can be implemented quickly and without breaking the bank. Here are seven proven ways to raise the market value of your investment property.

1. Improve Curb Appeal

Keeping your lawn neat, trimming hedges, and planting some shrubs and flowers are simple ways of sprucing up the exterior to make it more attractive and welcoming. If DIY isn't in the cards, consider investing in an experienced landscaper who can ensure your outdoor space is maintained with great care. Some outdoor accessories, such as a weather-proof bench or lanterns, would offer even more charm. All these aesthetic improvements can create stunning first impressions from potential buyers and help you get the most out of your investment without spending too much money.

2. Replace Appliances

With the ever-growing technology of home appliances, buyers are always looking for the newest and most efficient appliances. Replacing outdated ones with newer models is a great way to increase the market value of your property. When you're replacing appliances, make sure they're energy-efficient. Buyers care about their carbon footprint and monthly electricity bill, so investing in energy-efficient appliances will pay off.

3. Make Necessary Repairs

It's vital to ensure all faults are taken care of before putting the property on the market. This includes fixing plumbing issues, replacing broken fixtures, and repairing damaged walls or ceilings. Making these necessary repairs will make the property more attractive to buyers and help increase the market value of your investment property in Ohio. For the roofing structure of your business premises, you can hire a professional roofing contractor to identify any issues and help make the necessary repairs. When choosing a commercial roofer in Ohio, focus on the competency level. An experienced team will be able to fix the roofing issues you have. Some will even have the knowledge to guide the adjustments on the roofing structure. 

4. Focus on Interior Design

Many only think that this is for home settings, but it is also a great way to increase the value of an investment property. Switch up the look and feel of the interior, whether with a fresh coat of paint or some new furniture. If you need help, you can always consult an interior decorator for guidance. Keep in mind when making improvements to the interior that you stay moderate with only a few flashy colors or patterns. Stick to more neutral tones and designs so potential buyers can envision their style in the space.

5. Upgrade the Lighting Fixtures

Having good lighting can make a world of difference in any space. It's also one of the quickest and most affordable ways to enhance your property. Choose lighting fixtures that are energy-efficient, stylish, and functional. Consider adding some dimmers or light switches for an added touch of luxury. The need to upgrade the lighting fixture at the commercial setup is even greater. Focusing on energy-efficient systems will enable your business premises to save some money in the long run. To ensure this, you must hire a reliable and experienced lighting contractor who is well-versed in different lighting systems.

6. Stay Up To Date On Market Trends 

Staying informed about current market trends is essential for increasing the market value of your investment property. Knowing what buyers are looking for in an area will help you identify areas where you can make improvements and upgrades that will add more value to the home or apartment complex. Additionally, researching what amenities are most desirable in today's real estate market will allow you to better cater to potential buyers when it comes time to sell or rent your property at its optimal price.

7. Invest in Landscaping

This is one of the most important and influential ways to add value to your property. Planting trees, shrubs, and flowers can help improve the outlook of your home or office building. It's also great to show potential buyers that you take pride in keeping the grounds neat and tidy. Understand that landscaping requires maintenance and upkeep. Make sure you are willing to go the extra mile in keeping it looking good if you decide to invest in this area. Consider hardscaping, such as adding pathways, retaining walls, or patios.

These are just some of the proven ways to increase the market value of your investment property. With a little effort and patience, you can quickly maximize the value of any home or office building. Make sure you understand what buyers want and make improvements accordingly.