Home owners who want to resale their first home are thinking of ways to boost its property value. Is adding amenities like a gym increase the resale value?
The competition is tight in the real estate market. Home seekers are particularly looking for add-ons on properties that are listed for sale. Prices may be competitive but house features and amenities can be the deciding factors for some people.
However, Realty Times reports that having a gym does not increase the value of your property. What it does is "increase the desirability of your home to a certain set of buyers."
Having a gym in your home is compared to the study conducted of having a swimming pool. The study shows that "even if you live in Arizona, it still will not increase the real value of your home, only the perceived value." In the same manner, a gym is only a differentiator. The relevance of its existence in the property only appeals to a certain number of people, who wants to invest in their health.
If you want to boost your home's resale value, Houzz has some real tips that might be helpful. The website says that the house's landscape plays a huge role.
Why? Report says that a good landscape "improves circulation around the footprint of your house which is important for carrying in groceries, corralling children, and even moving in couches." There are many advantages of landscaping aside from its aesthetic purpose. One of the most important benefits is that it will minimize water damage. In addition, it also "creates new dwelling spaces outdoors, and is attractive to everyone, including future buyers."
INC also agrees with Houzz. However, aside from the landscape, another way to raise the value of your home is to have an outdoor room. A functional "outdoor room is an eye-catching way to entertain guests and potential buyers."
Do you have any ideas to increase the value of your home? Share your thoughts in the comment box below.
