Property for Sale in Punjab: Factors that affect its Resale Value

Are you thinking of to put your property for sale in Punjab from Abroad? What preparations have you done to ensure you get a great deal for your property in Punjab?

Regardless of the factors which boost the resale value, there are several other things that bring down the value of a property. Most homeowners rarely know what are those factors that affect the resale value of their property.

However, if you are a non-resident Indian and are buying or selling a property in Punjab, India from the UK, USA, Canada, & Australia, it is important that you should know what they are.

Location & Accessibility

Location is a key factor when it comes to property value. Your current home may be close to your job or near your parent’s house — but when buyers estimate the value of the property, they look at three primary indicators, which are as follows:

• Shopping, entertainment, and recreational centers
• The quality of local schools
• A neighbourhood with the lowest crime rate

Commuting to and from work is a big part of many people’s day. So, in terms of accessibility, the house situated near to the city’s major routes attract most buyers and attains the highest value.

Property Size & Style

Size is another important element to consider. An open layout with fewer walls and partitions automatically convince a home buyer to pay more because it looks more spacious. Different types of homes such as semi-detached, detached, and terraced, etc. command different prices. The value of a home is estimated at price per square foot but unfinished basements are not counted in usable square footage. Livable space such as bedrooms and bathrooms are what is most important to buyers. The more beds and baths your home offers, the more it is valued. Therefore, the overall layout of the house has an impact on the value of the property for sale in Punjab.

Age & Condition

The age of the property will definitely have an impact on the value. If you are looking at selling a property that is 15 to 30 years old, it will be wise to fix any leakages/cracks or do minor remodeling to ensure your property looks presentable.

The condition of a home matter and will definitely increase or decrease its price. The rust, the dust, the stains, and the dirt would cause the buyer to withdraw from the deal. Most of the times it has been seen that buyers are willing to shell out more money for a property that is well-kept and in need of a little repair. Hence, renovations can improve a resale’s potential & Property Sale Value in Punjab.

Overall, if you want to grab the best deal, it is recommended to avoid property selling mistakes in India. Also, remember to keep these factors in mind when you go for buying or selling property in Punjab from abroad.

Want to know more about how to sell land or property in India from the UK, USA, Canada & Australia? Contact Us on our website.