Keys so that your house generates surplus value

INVEST YOUR MONEY WISELY, KNOW HOW YOU CAN GET MORE MONEY FOR THAT PROPERTY THAT YOU WANT TO BUY OR SELL.

Buying a property is considered one of the best investments that someone can make because, unlike other acquisitions, real estate usually increase its value over time, which provides better profits when selling.

This increase is commonly known as surplus value. If you still do not know how your property generates it, we'll explain it to you next.

WHAT IS THE PLUSVALIA?

Your house, apartment or land alone has a value that increases over the years. This added value is generated mainly by external factors that benefit the quality of life of those who inhabit the property, although there are also aspects in which the owner can influence to increase the value. The main factors that determine the real estate value are the following:

FACTORS THAT FAVOR THE VALUE OF A PROPERTY

 Location of the property

The location of the property is the key to increase its value. Housing in areas with greater urban and commercial development or with access to highly trafficked communication routes usually have a higher than average surplus value.

If your house is close to educational institutions, hospitals, shopping centers, as well as stops of public transport, its value improves.

In the same way, the location within the colony or fractionation accentuates its value. For example, the houses that are on the corner of the block or on the main avenue have a higher price than those located in internal streets or between home and home.

Infrastructure

This factor takes into account both the home and the area where it is located. A property is worth more when it provides the optimal conditions to live:

• Services: it has drainage, sewerage, paving, public lighting, water supply, among others.
• Security: the area is free of risks and the property has a suitable structure to inhabit.

Access to the property
The value of a property also depends on how easy it is to get to it, for example, if it is near the main avenue or if there are more than two routes to access. Likewise, the proximity to public transport and the number of options available for transportation are considered, that is, if in addition to the bus, there is access to the metro or metrobus.

Growth of the area

Although buying in a consolidated area is a better option, most investors value the potential of developing areas. Cities expand to extremes, where new urban centers are born. The important thing here is that there is a short or medium term plan for development.

REASONS WHY YOUR HOUSE LOSES VALUE THROUGH TIME

Buying a property is one of the investments that lower risks create, however, this does not rule out that there are factors that may harm its value. Let's see some of them:

• Antiquity - new constructions generate a higher value over old ones.
• Lack of maintenance - the value of a house is measured by the state of conservation and the useful life that remains. When there is no maintenance, negative results are obtained that decrease the final value.
• Risk area - properties located in areas with high volcanic, telluric or hurricane risk have a lower than average price.
• Insecurity - this factor is decisive, since personal and family well-being is what is sought in a real estate investment. However, we must also recognize that there are cities that have been able to reduce the problem through various strategies, which may reactivate the desire to purchase in areas that are somewhat conflicting.
• New urban centers - although growth is beneficial, new urban developments can impact the economy of those already consolidated.

Risk area - properties located in areas with high volcanic, telluric or hurricane risk have a lower than average price. Insecurity - this factor is decisive, since personal and family well-being is what is sought in a real estate investment. However, we must also recognize that there are cities that have been able to reduce the problem through various strategies, which may reactivate the desire to purchase in areas that are somewhat conflicting. New urban centers - although growth is beneficial, new urban developments can impact the economy of those already consolidated.