Purchasing a luxury condominium is both a grand housing option and a worthwhile investment. Aside from the convenience of living at the heart of the city, residents are entitled to world-class amenities and services that enable them to enjoy the finer things in life. On top of that, luxury condos have high-quality finishes, fixtures, and furniture that give each unit a glamorous look.
Increasing the value of your unit provides a smooth transition when you want to move or rent out your condo, enabling you to make the most out of your investment. If you’re looking for ways to do this, here are some practical tips on how to increase the home value of your condo unit.
8 Surefire Ways to Increase Your Condo Unit’s Value
1. Retouch fixtures and finishings
The fixtures and finishings of your unit may deteriorate down the road. Regular cleaning and refurbishing is a sure way to maintain your home’s value. Once you’ve done your inspection, you can spice things up further by adding new bespoke pieces!
Spruce up your kitchen and change your old countertops with quartz countertops and cabinet knobs for stainless handles. To top it off, give your unit a modern design with your finishings and minimalist decor. For example, Grand Hyatt Manila Residences’ luxury condo units sport a sleek and classic look with polished natural stone floorings from Turkey.
2. Purchase smart appliances
Another tip on how to increase condo value is to invest in smart appliances. While classic appliances are still in, homes that utilize smart devices with connectivity powers are becoming increasingly popular. Your buyers or renters may have been looking at condos that offer ease and comfort, so why not make it more convenient with innovative gadgets that can be controlled with a phone?
Imagine having the ability to turn your living room lights off from the comfort of your bed—indeed, that’s something your buyers will appreciate. With that, automating your condo unit will boost your asking price.
3. Invest in quality furniture
As you turn your condo unit into a smart home, combine it with elegant and quality furniture that can last for ages. When choosing furniture, remember to consider more than just aesthetics; choose ones that have a function and add up to the convenience of your smart appliances.
You can go for minimalist furniture with clear lines and a sleek design. However, you must also consider how one piece of furniture flows into another to make it pleasing to your buyers’ eyes. By turning over a unit that’s semi or fully furnished, your buyers won’t have to worry about bringing their furniture, raising the value of your investment.
4. Spice up the bathroom
Aside from the kitchen, most luxury homebuyers take time to inspect the bathroom. Bathrooms are an essential part of the house as it is one of the most personal and private areas, much like a bedroom. Because of this, upgrading and changing the bathroom can provide you with a high return on your investment.
Glam it up by changing the sinks and faucets to a more modern design. Add a little potted plant and some toiletries to give it a homey feel, but don’t overdo the clutter. Toss out that old shower and swap it with a new rain showerhead to provide a luxurious shower experience. For finishings, go for neutral colors that are easy on the eyes. Most importantly, don’t forget to check on the plumbing regularly.
5. Get creative with storage pieces
There are plenty of ways to maximize your unit’s storage, and doing so can increase your condo’s value. You can get as creative as you want, such as building secret storage spaces in the closets or under the staircase.
For Grand Hyatt Manila Residences, the kitchens have high-gloss-finish cabinet doors that store all spices and other cooking needs. In addition, the bedrooms have closets coated with a high-end laminate finish to store personal belongings, all while giving the room a stylish glow.
6. Repaint and recoat your walls and floorings
The first things that make an impression on buyers upon entering your unit are the walls and floorings. If they see a chip on the wall or a crack on the floors, they may have the perception that the unit is not well-kept, which can decrease your unit’s value.
To make your condo appear more classy and elegant, try using neutral wall colors such as beige or gray than off-white for a more chic look. Pair up your wall color with suitable floorings, like hardwood oak or maple, for a cozy appeal. Add a rug or a carpet for a soft and fuzzy feel.
7. Build an indoor garden
Given the growing awareness of climate change, many luxury homebuyers want an eco-friendly and sustainable home. To bring a touch of greenery into their homes, indoor gardens and potted plants are becoming popular interior design choices.
You can incorporate a splash of green by investing in an indoor garden. Not only does this give your interested buyers a breath of fresh air, but it can also improve the indoor air quality. In addition, having a dedicated area for an indoor garden can greatly switch up your home’s atmosphere.
8. Install security appliances
Luxury condominiums in Manila typically offer tight security 24/7. However, you can further improve your home’s security by installing security systems while adding to its value.
By installing high-quality CCTV cameras and alarm systems, you can put your interested buyers’ and renters’ minds at ease. This can assure them that your condo unit is extra safe and secure from malicious outside threats.
The convenience and joy of living in a luxury condo are unmatched. Residents can enjoy a variety of amenities and ala carte services, making it an ideal housing option and a worthwhile investment. With their luxurious design and modern look, luxury residences such as the Grand Hyatt Manila Residences are sought by many.
But if you want to move out to another place or use your condo unit for passive income, it’s best to do some upgrades to increase its value. To achieve this, upgrading your unit’s appliances, interior design, and security can drive up its asking price, making the most out of your investment.
If you’re looking for a new luxury condominium to invest in, the Grand Hyatt Manila Residences South Tower will be your best purchase yet. Inquire now to learn more!