Money Excel - Personal Finance Blog

Menu
MENUMENU
MENUMENU
  • Home
  • Business Ideas
    • 225 Small Business Ideas
    • 40 Online Business Ideas
    • 20 Business Ideas for Beginners
    • 20 small manufacturing business
    • 30 Food Business Ideas
    • 100 Business Ideas low investment
  • Stock Market
    • Best Demat & Trading Accounts 2020
    • Best Stocks 2020 by Experts
    • Best Virtual Trading Apps
    • Best Stock Screener
    • Best Discount Brokers in India
    • Multibagger Stocks of LockDown
    • Rakesh Jhunjhunwala Portfolio
  • Mutual Funds
    • Best Mutual Funds 2020-21
    • Best Direct Mutual Fund Platform
    • Best Mutual Fund Mobile Apps
  • Incometax
    • Income Tax Slab FY 2020-21
    • Income Tax Calculator FY 2020-21
    • Income Tax Refund Request
    • Pay Advance Tax Online
    • Download New 15G -15 H Forms
  • Investment
    • Best Investment Ideas 2020
    • Long Term Investment Options
    • Best Investment Regular Income
    • Best Investment Options NRI
  • Credit Card
    • Best Credit Cards 2020-21
    • Best credit card for online shopping
    • Best Forex Card in India
    • Best Business Credit Cards
    • Credit Cards against Fixed Deposit
  • Insurance
    • Best Term Insurance Plans 2020
    • Best Health Insurance 2020
    • Best LIC Policy 2020
    • Best Car Insurance Companies
    • Best Mobile Insurance Companies
  • Downloads
Home
Investment
Reinvest In your Home to increase its value

Reinvest In your Home to increase its value

Raviraj Parekh August 25, 2019

Many people purchase home and do investment one time on furniture painting work etc. They do this only once and don’t think that reinvestment in home can increase its value. In every house you can find one or other room for improvement which will increase its value.

Increase value of your house:-

Increase in value of your house will take time based on real estate market trend but one thing can effect your property value is improvement / reinvestment in your home. You can spend 2 lakh on building one room extra which will add several square feet and increase its value by several lakhs. Similarly extra parking place, storage new painting etc will ultimately add value to home and impact its selling price.

Do not miss below posts -
  • Investment Ideas as per your age
  • 10 Best ways to Invest 1 Lakh for good returns
  • Fix Deposit Interest Rate Comparison – 2013

Add years to property life:-

Many property are built once and no maintenance or no improvements are done over a period, it is necessary to reinvest in to this property to enhance life of property. This reinvestment varies based on your need.

You have to be clear that why you are doing this reinvestment to hike the selling price? To get higher rent?  Answer of this question determines which type of remolding you are in need of any how much money you will spend on that.

Give more priority to your house while selling:- 

If two same type of house are placed for sale than obviously someone will give more priority to home in which minimum additional investment are required/ house is more livable compare with other house.

Before reinvestment you should decide that actually you are doing reinvestment for which purpose, for selling, living or for giving it on rent.

Reinvestment for Sell:-

If you are planning to sell this house and doing reinvestment for sale than you have to think as prospective buyer of that home what exactly that buyer look for in that home. You have to be sure that you are not spending too much for doing this remodeling.

Do not miss below posts -
  • 21 Amazing Facts about Warren Buffett
  • Fixed Deposit most preferred Investment option of India
  • Best Investment Ideas 2020 | 5 Best Investment Options

Reinvestment for Rent:-

Normal Beautification are sufficient to increase rental value and attract someone for taking that property on rent. You can try repainting house or applying fresh coat of new color shade which provide decent look to your home.

Reinvestment for living :-
If you are planning to live in same home than along with increasing its market value you must think of reinvestment model of your test,  like modification in furniture, repainting etc.

One can also think of reducing revenue cost by making one time capital expense e.g one can opt energy efficient appliance etc.

One can get home improvement loan for doing this type of improvements such loans are eligible candidates for tax deductions. For self-occupied house this limit is 30000 Rs/- for rented house no limit for deduction.

Conclusion:-
Before reinvesting you should make your mind that this reinvestment is for sell, rent or for self-occupancy. One should calculate cost benefit by this reinvestment & prepare budget as cost can exceed your estimate.

Prev Article
Next Article
Tags:home house increase value property reinvest in your house reinvestment rent sell

About The Author

Raviraj Parekh

Raviraj is the man behind moneyexcel.com. He is PGDBA, engaged in blogging for 10 years. Moneyexcel blog is ranked as one of the Top 10 Personal Finance Blog in India. He is not affiliated with any financial product, service provider, agent or broker. The purpose of this blog is to spread financial awareness and help people in achieving excellence for money. Please note that the views expressed on this Blog/Comments are clarifications meant for reference and guidance of the readers to explore further on the topics. These should not be construed as investment advice or legal opinion.

Leave a Reply

Cancel reply

IIFL Demat Account

Search

Top Posts & Pages

  • Income Tax Calculator FY 2020-21 (AY 2021-22) – Excel Download
  • Rakesh Jhunjhunwala Portfolio Holdings - January 2021
  • LIC Premium Paid Certificate Download For Income Tax Purpose - Online
  • 20 small manufacturing business ideas with low cost
  • How to check Property Records and Land Records online in India?
  • Cash Deposit Machine Locator – How to find CDM Near You?
  • 225 Small Business Ideas with Low Investment in 2021-22
  • Top 60 Manufacturing Business Ideas
  • Income Tax Calculator FY 2019-20 (AY 2020-21) - Excel Download
  • 10 ways to Convert Black Money to White

Subscribe to Blog via Email

Join 5,473 other subscribers

Follow MoneyExcel

Money Excel – Personal Finance Blog

Personal Finance Blog
Copyright © 2021 Money Excel - Personal Finance Blog
| About |Downloads | Contact Us | Sitemap | Disclaimer | Privacy Policy |