Investing in strata property can be overwhelming and challenging to most people. The challenges most people get are with the typical shared areas and amenities that they often feel unable to control entirely. However, when you are planning to sell your strata unit, you need to ensure that it’s attractive enough to attract potential buyers and deals. One of the best ways is contracting a reputable body corporate services Noosa, to help you insure your strata common areas. This will help give investors confidence since they will know that in case an insured occurrence happens, they will not have to dig deep into their pockets for additional expenses. Note that property maintenance can often seem like a costly endeavor. However, renovation projects on your strata property generate a higher return on your investment in the long term. This article will explore incredible ways to increase the value of your strata property.

Incredible Projects that Will Raise the Value of Your Property

Investing In sustainability

Strata communities are considered peaceful and have a relaxed environment. Most investors will be more concerned about environmental issues such as sustainability and climate change. Note that living sustainably is a shared responsibility. One key way to ensure sustainability is to seek energy efficiency with your neighbors across your building. You can consider installing LED lights, which use significantly less energy.

Additionally, you can make your strata sustainable by using the three Rs: reduce, reuse, and recycle. This way, there will be less waste in your environment while enhancing creativity. Always opt for using reusable bags and containers.

Upgrade Your Building Security

Security plays a key role in any investor’s decision-making. It’s important to enhance the building’s security, such as installing cameras and security personnel. This will help build confidence among potential investors, hence leading to a great deal. Most old buildings often have a reputation for insecure letterboxes and entrance doors.

Facelift Common Areas

When selling your strata property, you need to ensure that it’s attractive. If your strata home is unattended with old furniture and finishes, you will attract fewer buyers, and those who are ill will use the defects as excuses to buy cheap. Even though renovation may seem expensive, it can help you secure a deal that you never thought you would get. If you are a manager, you need to ensure that the communal areas, such as the lobby and hallways, get a facelift. It includes repainting the ways and repairing the broken spaces. Such small gestures will help create a great first impression.

Regular Maintenance and Repair

Most people often wait until they get a buyer to start repairing the state property. This move often leads to lower offers than you would have if you had repaired. Always schedule for maintenance and repair earlier to boost your building appeal. Note that with a good start, insurance coverage, repairs and maintenance costs will be mitigated and divided among the unit owners. The owner’s corporation management and strata manager have the legal responsibility to keep the property in a good state. This will include replacing fixtures and fittings to ensure the property is functional and livable.

Proceed to Selling!

Using the above tricks when selling your property will ensure you get the right investor and an offer that meets your needs. It’s critical to take your time choosing a suitable insurance company and ensuring sustainability.