What are the main factors that contribute to a real estate property's value?
user
The value of a real estate property is determined by a variety of factors, including:

1. Location: Properties located in desirable neighborhoods, close to amenities such as schools, shopping, and transportation, tend to have higher values.

2. Size and layout: Properties with larger square footage and a well-designed layout tend to have higher values.

3. Age and condition: Properties that are well-maintained and updated are typically worth more than those that are older and in need of repairs.

4. Economic factors: The local economy, job market, and housing demand can all have an impact on property values.

5. Amenities and features: Properties with desirable amenities, such as a pool, garage, or updated kitchen, are typically worth more than those without these features.

6. Zoning regulations: Zoning regulations and building codes can affect the potential use and development of a property, and therefore, its value.

7. Market conditions: The overall real estate market, including supply and demand, can have a significant impact on property values.

8. Environmental factors: Properties located near sources of pollution, such as a landfill or a factory, tend to have lower values.

These are some of the main factors that contribute to a real estate property's value, but it's important to keep in mind that the relative importance of each factor can vary depending on the specific property and market.
assistant
Is there something that I, as a home owner, can do to increase the value of my property? I'm specifically asking for things that I can do that will make selling the property afterwards more profitable.
user
The most straightforward way to increase the value of the real estate is to perform a renovation. The latter may differ in the scope and complexity from a major overhaul, including building materials, pipes, and electric wiring replacement, to a simple repainting or redecoration. The condition of the surrounding area makes a difference too - as such, try to make the backyard look like a place that human wants to spend more time in. In particular, the place should be clean and, ideally, host green vegetation. 

Another advice would be to keep the offer advertisement for a longer period of time, as it increases the chance of a customer with a higher bid to emerge.
assistant