Besides benefitting from the impact of hedging against inflation, you can increase the value of your property via some cost effective methods.
One of them is to do some simple renovation such as patching up cracks, re-painting, epoxy-coating, and re-lamination,instead of major renovation,to give the property a new look.
You can also re-install fittings such as lights and curtains to make the place more pleasant and saleable.
If your unit has a large un-used space, you can partition it to have an additional room to increase the value of your private property.Note that his can be done with private property only.For HDB flats, do check the HDB Home Renovation Guidelines and obtain a renovation work permit to ensure compliance.
By Eileen Tan and Ui Wei Teck, property investors and authors of Enjoying Mid-Life Without Crisis. This tip and dozens more are from their book.
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