Factors Involved in The Capital Gain of a Property

 

If you are in the process of acquiring real estate either to be used as a first home or if you are a real estate investor, surely you are already familiar with the concept of capital gains, or have heard it several times during the search process, if not, here from Mccomb realtors will explain its concept. 

What is The Capital Gain in a Property? 

In simple words, the capital gain is the increase in the value of a real estate that is gaining over the years, this increase is due to external factors, for example the increase in the value of a building due to the improvement of its surroundings and the increase of the land value for years. 

Below we will give you a list of the factors that increase capital gains and those that you should consider when investing in a property to obtain greater long-term benefits.

Accessibility 

The value of the property rises if it is in a sector with access to the main roads that connect with the rest of the city since it facilitates the transfer to places work and studies. Also within the accessibility is the proximity to metro stations and public transport stops. A high number of the population favors this transport over the individual, either because of costs, convenience or because they do not have their own means of transport. 

Urban development 

If you are interested in buying real estate in a new project where the sector is still under development, you should consider its projection, since this development will bring with it an increase in the equity of your home. As the city expands creating new real estate projects, over time in these sectors it is necessary to establish basic services such as schools, hospitals, shops, supermarkets, restaurants and other services. 

Nearby basic services 

If your intention is to buy in an already developed sector of the city, it is important to consider what services are near the project, such as: schools, parks, museums, hospitals, subway stations, recreation areas, supermarkets, restaurants, bicycle lanes, points clean. Having all these types of services nearby undoubtedly increases the value of the property. 

Location and demand

The concentration of the population is generated near the large business centers since people privilege the proximity to their workplaces, for this reason when buying a real estate decide strategically by the location and the demand for properties in the sector, you can generate greater long-term profit. 

Orientation

There is a detail that is not given too much attention, it is the orientation of the house with respect to the sun, this can directly affect the quality of life, decoration, natural light, energy consumption and heating. For the southern hemisphere, the best orientation that a home can have is the west and east, since both take advantage of sunlight to create warmer environments and generate less heating costs during the winter. 

View 

Undoubtedly one of the most attractive factors of a property when we talk about apartments is the view, an apartment on a second floor will not have the same value as one that is on a tenth floor, and one that has a view of the mountains will not have the same value as the one that has a view of the building opposite. 

Maintenance on the property 

It is important to periodically carry out preventive maintenance and revisions of the damages that may appear over the years, to keep the property in good condition and not affect its value. Review of floors, roofs, electrical and water installations, doors, and painted walls.

If you are looking for your next home or real estate investment, and with the best projection in capital gains, contact a real estate broker near paradise valley.