There are many factors affect your property value. There are several different factors that contribute to the overall value of a property. Paying attention to these factors can help you determine if you’re about to make a wise real estate investment. Some of these details are commonly known by real estate professionals and investors, but sometimes there are lesser-known elements that contribute to the value.
Factors Affect Your Property Value: Heating and Cooling
Every home has some sort of HVAC system that provides heat to the various rooms in a home. Some houses will have an air conditioning unit attached as well. The more updated and efficient the system is, the more value that will be added to the home. In the Florida area, air conditioning is a big deal. A home that doesn’t have that feature included will see its value go down.
It’s common for a real estate agent to share when a home was built, but it’s not always a necessity for structural information to be provided. The value of a property will go up if the roof has been replaced in the last few years. The same goes for the furnace or driveway. It’s even better if warranty information is provided for these items. People will know that they have been recently updated, but there will also be coverage information that will accompany them.
Factors Affect Your Property Value: Smart House
Many parts of your house can be connected to smart technology, which will raise the value, especially if it connects directly to your phone. This includes a security system, lighting, door locks and window treatments. This little bit of added technology can make a home seem like a lot of thought has been put into its functionality. These are mainly convenience features, but this is an investment that pays off in the long run.
When a builder constructs a home, the buyer is given the opportunity to select what they want in the way of lighting and other fixtures. Increasing the value of a home comes from upgrading these various items. Instead of picking out the contactor-quality finishings, a step up will increase the overall value.
Some factors that contribute to the value of a home can cost a substantial amount of money. However, there are also ways to increase the value of a home that aren’t overly expensive. With every property being different, it’s a good idea to assess each property as a brand-new investment before you decide to invest.
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The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agents, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.
Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.
To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.
The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.
We meet twice a month.
One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that it does not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.
We look forward to meeting you at a meeting soon!
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