5 Major Facilities That Affect The Value Of A Property

by Ruhi Jaiswal Enthusiastic Content Writer

With new upcoming projects in Gurgaon, prices of real estate can fluctuate due to intense competition and demand and supply. But several factors lead to high and steady property price, like major facilities. To provide insight, the following are the top 5 features that can help maintain a high price of a property.

1. Parking Space

With the number of vehicles on the road increasing day by day, parking space becomes a very important factor when buying a property. A good and spacious parking space can very easily appreciate property value and similarly, a small or no parking space could be a huge reason for depreciation in property rates. Everybody wants a good and safe space to park their vehicles and they very rarely compromise on such an issue.

2. Closet Space

Large closet space is essential for a well-groomed property. Now that the standard of living has increased, people are buying more and more things these days, a lot of which includes clothes. Closet space is another feature that people are not willing to compromise on. So, bigger closet space can help increase the value of a property.

3. Number of Washrooms

When two or more people move in the same property, for either residential or commercial purposes, it becomes essential for them to want some privacy when it comes to using a washroom. A lot of people don’t like sharing washrooms with someone else and are not willing to compromise on this factor. So, the number of washrooms a property has can also affect the change in a property’s value.

4. Aesthetics

The look of a building or the first impression it has on a person is very important in deciding its value. A dingy or shady looking building will fetch a lower value than its well-maintained counterpart. 2bhk homes at Gurgaon offer a variety of houses with beautiful aesthetics.
Not just the exteriors but the interior aesthetic of a building is as important. Modern interiors with large and spacious rooms with windows for proper ventilation are essential for deciding the property value.

5. Potential for change

Potential for renovation and addition of more features is very important for all kinds of buyers. People want to know whether they have control over the renovating of the property they're buying. They might want to renovate a room or two, or would want to change the overall look of the property in the future and would hence like the freedom to do so. Therefore, this becomes a very important feature when deciding the value of the property.

Aforementioned are a few basic facilities which can easily increase the value of the property. Many latest housing projects in Gurgaon offer these facilities to buyers. So make sure you know about what facilities you are offered before making the purchase!