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General Real Estate Investing

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Hongling Lu
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Ways to increase the value of a condo

Hongling Lu
Posted Feb 17 2021, 15:15

I have just purchased my first property. It is a townhouse. I will be living there myself for ~2 years. I know that there are limited improve one can do to a townhouse. I wonder what may be some "do" and "don't" so that I can increase the value of the townhouse somewhat. 

Thank you.

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Tina Tsysh
  • New to Real Estate
  • Orange County, CA
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Tina Tsysh
  • New to Real Estate
  • Orange County, CA
Replied Feb 17 2021, 16:56

A quick way to see how to add value to your home is to look around at other homes in your area that are selling for more. The homes that are selling for more can give you an idea of what your home is missing - whether it's a newly remodeled kitchen, an extra closet, etc. Look at recently sold homes and compare them to your house. Write a list of what your house doesn't have that the other homes have. 

It can be difficult to add value to a home that has been recently remodeled, but that would be your best bet!