Are you thinking of selling or renting out your home? Or are you at the moment just looking to make it more comfortable and beautiful, without ruling out the idea of putting it on the property market in the near future? Before taking the plunge, remember that to update the bathrooms or the kitchen can increase its price. How much more? Quite a lot. Prior renovation of your home can lead to a revaluation of between 10 and 20%. No joke then! Take note of the 6 renovations we suggest to add value to your home in 2021 and at the same time make it the most sought-after (and attractive) in the neighbourhood.
Knowing that the Full refurbishment For a flat of about 90 square metres, it would be around €50,000. We've consulted specialists to see if the expense is worth it. They've given us a resounding yes. An investment like this guarantees a revaluation that could reach 20%. And not only that, but 7 out of the 10 second-hand homes currently being sold in our country have been renovated, making them the favourites for potential buyers. Can you put an old, un-renovated house up for sale? If it suffers from damp, has textured wallpaper, eternal corridors or poorly maintained enclosures, it will be difficult to attract future buyers. As well as drastically reducing its valuation. The question is: what reforms are the most effective for achieving this goal? We'll do you a Summary with prices.
1. DISTRIBUTION
A long, narrow corridor, or those tiny rooms, put everyone off. In modern flats, they prefer to eliminate them to gain more square footage. useful, and fewer rooms (but larger and more functional). There are no second chances for a first impression. Are you going to let a poor layout ruin the sale? The solution is for remove partition walls or replace them with glazing. Communicating the kitchen with the living room allows for a rearrangement of the space to achieve one that is much more comfortable and modern! Knock down a partition wall It's around €300., cto miss the laundry room From £1,000. The Glass partitions are another rising solution because they offer privacy (and protect us from fumes and smells if used in a kitchen) while still allowing light to flow. Depending on the mechanism you choose and how it moves, the price will vary, but estimate around €270/m. What if We closed the terrace. And shall we give it to the living room? On average, it will cost you around €1,500.
2. KITCHENS AND BATHROOMS
To get into Kitchen and bathroom renovations command respect. But they are the two key elements that will be looked at (after the layout) when choosing your house. In the bathroom, you can Remove the bathtubs and fitting practical shower trays (the average price is €1,500), investing in furniture with storage capacity, or painting the tiles to make it look more attractive. But what truly adds zeros to the final figure is if you've renovated the plumbing, installed new tiles, and fitted taps that save water drop by drop. The same applies to the kitchen. You can make it look nice for under €3,000, but what people will focus on is the savings they'll make buying a house that's already been renovated. And how much would these renovations cost? The one in the Kitchen a bit over €8,000 (if its size is around 10 m²), that of bathroom around €5,000 (using a 3.20 m² as a reference). All with mid-range quality.
3. SOILS
You don't realise what a huge difference changing the flooring can make to a home, until you take the plunge. Effective and fits all budgets! The cost of changing it depends on the condition of the previous flooring, as well as yes will it be demolished or will it stay put (saving on rubble removal), and of course the quality of the new one. The cheapest ones cost around €30/m², with the most expensive being €140/m². So which do you choose? Consider how each space will be used. It’s not the same for kitchens or bathrooms as it is for living rooms or bedrooms. Laminates, vinyl, ceramics, Parquet or even Microcement. The property is immense and the prices are too. Anything before formalising a viewing and letting any potential buyers be put off by the flooring.
4. DOORS
The Joinery The style of your home is another strong (or weak, depending on how you look at it) point. Dark woods used to be popular, but now most people prefer light ones. Painting or varnishing them is the most economical option (between €60 and €100 per door) but doesn't add as much value to the flat. Replacing them, depending on the model, can range from €60 per door (the cheapest) to €500 (high-quality ones).
So, changing the doors for the whole house? With medium-quality models it could cost around €1,600 to which you should add a armoured door a quality that also adds points (and safety). Calculate €1,000 more.
5. ENCLOSURES
The Window replacement It's fundamental to improve the thermal and acoustic insulation (two issues that will also make your advert stand out). New windows will cost you between €700 and €4,500. The most in-demand are windows with thermal break, acoustic glass, and an air gap. Why? Well, because although they are a bit more expensive, they provide interior comfort that Increase the value of your home, above the investment. A bonus, which they will always appreciate and which can make you a favourite, putting you ahead of the competition.
6. AIR CONDITIONING
A house Air-conditioned score points and stand out from the rest. The most expensive heating systems are diesel or natural gas (the former €4,000, the latter €3,000). Electric heaters are slightly cheaper (as well as easy to install), costing just over €2,000. But for €1,200 you can install a hot/cold split which won't be like heating, but it will serve so that when they ask about the air conditioning, you can say you have it. Of course, check the label. You'll look better if all the appliances you leave in the house are efficient. Do it with energy saving in mind and, of course, for our suffering planet.
Our advice is that before ordering any reform, analyse with the help of a property professional the sale price of refurbished and un-refurbished properties in the area. And from there, invest 50% of the difference between both prices, so as to obtain the profitability you expect. To sell a property, it is recommended to media reform including at least bathrooms; a kitchen; sanitised walls; and, if possible, doors and flooring. Air conditioning would be the icing on the cake (given the expense, it’s worth investing in).
At ACV Group We have everything you need to carry out any type of renovation, and even the sale of the property. Don't miss the opportunity to have a functional home with a touch of your personality; and if you want to sell, something different will always attract more attention from any buyer.
Consult with us the possible improvements you could make to your home and the range of budgets, and how this will be reflected in the final sale price.
