Increase the value of your property with these three key strategies.
Are you looking to sell your house but concerned about its current market value? There’s no need to worry because there are ways homeowners can increase the value of their properties in today’s real estate market. I’ll share three key strategies for you to consider which might add significant value to your property:
1. Leveraging Assembly Bill 1033 (AB 1033). I mentioned before that this bill will be effective this year. AB 1033 potentially allows the sale of accessory dwelling units (ADUs) as condominiums. This will enable homeowners to split their lot and create valuable condo packages, which provide additional options for prospective buyers.
“These provide new options for homeowners.”
2. Leveraging Senate Bill 9 (SB 9). This applies if the property and owner have ample space to put another unit in the back, given that it is at least 15 feet from the driveway. SB 9 allows you to split the lot and sell it separately.
3. Lot splitting. For homeowners with properties with sufficient space, lot splitting without specific legislation can also be a good option, allowing the creation of multiple units on a single lot.
While the current market may present challenges, you still have opportunities to increase the value of your property. For personalized insights and guidance on maximizing your property’s value, you can reach me by phone or send me an email. I’ll be happy to give you some expert advice and support.
