Blog

How to Increase Your Tribeca Property Value


New York City is widely acclaimed for its dense urban feel and sense of community. Within the city limits are a number of neighborhoods, each with its own personality, awaiting to pique prospective homeowners’ interest. One of the most compelling of these neighborhoods is Tribeca, an area with a population of about 18,000 that has an A+ rating on Niche.com. Tribeca is known as a great place to raise families, in part because of its highly-rated school system, and with so many art galleries in one neighborhood, Tribeca is also a paradise for artists. The area is very diverse, providing ample opportunities to learn and explore new cultures. Like most New York City neighborhoods, Tribeca offers an effervescent nightlife teeming with possibilities.

When putting your Tribeca real estate on the market, or if you’re looking at Tribeca homes for sale, it’s essential to consider the various ways to increase your property value. From remodels to brand new environmentally-friendly upgrades, there are dozens of ways to increase your home’s property value in the Tribeca neighborhood. 

Upgrade to high-demand finishes

There are certain trending materials currently catching the eye of prospective buyers looking to purchase Tribeca real estate. Incorporating these materials into your home before selling will help increase your property value. Think stainless steel appliances and quartz countertops to replace the potentially obsolete materials in your home. There’s power in the details, too. Simple changes, such as upgrading your doorknobs or swapping out dim light bulbs for brighter, more environmentally friendly ones, can also add value to your home.

Go environmentally-friendly


These days, prospective homeowners are increasingly mindful of environmentally-friendly practices. Energy-efficient homes can save on utility bill costs while adding value to your Tribeca home. Think of energy-efficient equipment that will help lower the costs of your electricity and gas bills, like a new refrigerator, HVAC system, or washer/dryer unit.

Deck out the front of the house

You’ve probably heard of the concept of “curb appeal”—the real estate-related idea that homes should look appealing from the curb when they’re up for sale. First impressions are a significant factor in a buyer’s perception of a home, and there are minor curbside enhancements you can make to increase your property value. Consider repainting shutters, revitalizing the landscape, and updating a worn-out mailbox.

Invest in your kitchen and bathroom


It’s widely agreed that kitchens and bathrooms impact buyers’ interest the most. These rooms tend to have appliances and finishes that easily fall out of style, putting them at risk of becoming obsolete. For these reasons, it’s wise to invest in renovating these spaces to keep up with changing trends. Keep the rooms as neutral as possible, but adding new appliances, contemporary lighting, streamlined backsplash, and updated cabinetry is sure to draw prospective buyers to your home. 

Consider minor home improvements 

Whether you’re looking to sell now or are merely wondering how to increase your property value, it’s best practice to take stock of your home to evaluate possible improvements. Purchasing a new water heater or furnace or replacing the roof of your Tribeca home increases the value of your property significantly — especially if these updates will save future homeowners time and money down the road.

Add innovative technology


Technology is a fantastic modern resource with numerous ways to incorporate updates into your Tribeca real estate. With smart devices such as security cameras, door lockers, and thermostats, adding Smart Home Technology elements to your property will boost its appeal and modernize what could otherwise be an outdated system. Prospective buyers will find value in these simple upgrades, and you can usually install these devices for no more than $1,000. 

Replace worn carpets

One simple and perhaps obvious way to increase your home’s value is to replace the carpet. Are your floors stained with memories built over the years? Are certain areas more worn out than others? Prospective buyers want to know that they won’t have to replace the carpets when they move in, so this step is crucial. An easy step to increase your home’s value, replacing the carpet is one of the most important ways to make your Tribeca home look (and feel) brand new.

Enhance square footage

Not all homeowners have the resources to add new construction to their Tribeca real estate. However, there are ways to make your home feel expansive and appealing. Start by replacing darkened, heavy curtains with lighter, neutral-colored fabric blinds. Add mirrors to smaller rooms to dramatically trick the mind into thinking the space is larger than it is. Remove excess clutter with a sleek organizer for those papers that just won’t go away.

Say goodbye to popcorn ceilings

It’s evident at this point in the interior design world that popcorn ceilings are outdated — these eyesores can undoubtedly stand out in a home! Nowadays, people are ditching those obsolete room toppers by going for sleeker finishes. Good news — with a solution from your local hardware store, you can quickly soften the texture of popcorn ceilings and scrape it off yourself, adding value to your Tribeca home.

Tribeca real estate is overflowing with possibilities. Before putting your home on the market, take note of each of these tips to help you add value to your property. Remember that adding environmentally-friendly appliances paired with Smart Home Technology can give your home a competitive edge and attract discerning buyers. Simple upgrades like replacing the carpet or boosting your curb appeal are also helpful. If you have money set aside for renovations, focus on the kitchen and bathrooms first — these rooms tend to leave the biggest impression on prospective buyers. 

Are you ready to prep your Tribeca home for sale in 2022? Work with the experienced New York City agency Festina Lente to help you make the most of your property. Contact them today for an exceptional, stress-free real estate experience!


 

Work With Simone

Simone's passion for real estate is rooted in the principality of Monaco, the place where this passion started. To this day Festina has an extensive network there, as well as a deep knowledge of the market.
Let's Connect
Follow Us