These days, having a real estate investment is no longer limited to your location.
Just because you live in Canada, it does not mean you cannot buy a property in Australia. It can be because you intend to live there one of these days or you want to earn from your property.
Regardless, eight tips you can do to increase the market value of your property abroad.
If your home abroad has an attic, we suggest that you insulate it.
For one, it allows you to save energy on your house’s heating and cooling system. That’s because an insulated home means you can retain heat indoors during cold weather and vice versa.
So, if you bought a property in a country with erratic weather patterns, it would be best to insulate it.
Speaking of saving energy, a leaky window might be doing your property a disservice.
An unsecured window leaks heat in and out of the house. And this can cause your electric consumption to skyrocket. Thus, it would be best to ensure that your window is not leaking any air.
As such, you can replace your existing window with low-emissivity glass.
For one, it allows you to regulate the indoor temperature of your home. This is possible as the glass can reflect the weather indoors, and it does not block the sunlight you can receive.
Second, it helps improve your house’s curb appeal.
Another way to improve your overseas property’s market value is to install smart lighting.
It can be as simple as replacing your fluorescent lights with incandescent ones. This is a sustainable change that you can make, allowing you to save money from your electric bill.
Another thing you can do is install dimmer switches. That way, you can control your home’s light effects. Because who needs bright light all the time, anyway?
Traditional water heaters have a tank. It continuously heats the water even when not in use. This means that you are consuming electricity. This is true if you have an old and ineffective water heater.
If your property abroad has this old-school water heater with a tank, it is time to replace it with a tankless model.
Such a model of water heater uses energy by heating up running water. Hence, you are only heating what you need.
In case you do not know, there is an increasing demand for solar power in residential areas.
When you install residential solar panels in your property abroad, it allows you to collect solar energy and turn it into DC electricity. Thus, you are making energy from a renewable source. This also explains why using solar power is environmentally-friendly.
It may have a significant upfront cost, but consider it a long-term investment for your home abroad. Whether you will be living in your overseas home for good or you intend to earn from it, installing solar panels can be a cost-effective investment.
Depending on where your property is located, some countries provide rebates for excess energy produced. Hence, you are not only saving money from your electric bills, but it is also possible that the government will pay you.
Aside from using solar power, green roofing is also taking residential areas by storm. That’s because it allows homeowners to do their part in saving the planet.
Other than that, it is an eco-friendly way to regulate your house’s indoor temperature. Green roofing can keep homes cooler when it is warm and warmer when it is cool.
The best part? Your green roofing can be as elaborate as your want. Plus, it helps improve your house’s curb appeal, which is ideal if you intend to have it rented out.
In relation to green roofing, you can also opt for thoughtful landscaping if your space allows.
At Maid Sailors Maid Service Chicago, we refer to “thoughtful landscaping” as using plants that are native to the area. It is also imperative that you are planting drought-tolerant greeneries. That way, you can decorate your house without the need to worry too much about maintenance.
This means you do not have to prune your shrubs and throw away dried leaves. Moreover, landscaping can help regulate your home’s indoor temperature.
Whether you bought a furnished property or not, it would be best to get updated kitchen appliances.
For one, such appliances are energy-efficient. Some can also be multi-purpose. There is no need to own bulky items that take up counter space.
It also allows you to be efficient in cooking your meals. And efficient cooking means less energy consumption.
Thus, consider updating your kitchen appliances.
Living abroad means you have to adjust to the local way of living. However, you can make upgrades that can help increase your overseas home’s market value. And listed above are some enhancements that you can do.