The last renovation of your property was a long time ago? long ago? A damp cellar, poorly insulated windows and yellowed wallpaper cause wallpaper cause problems and lower the sales price. But is it worth worth investing energy and money in your living situation to increase the value of your in order to increase the value of the property?
You have lived in these four walls for many years, and have the energy to carry out renovation work that is not absolutely necessary. you simply did not have the energy. Everything was fine for you and you preferred it to living temporarily on a noisy and dirty building site. and dirty building site. Now you are about to move into a or you have already moved and are wondering whether it is worthwhile whether it is worthwhile to commission another renovation or even renovation now. Old wallpaper, unpainted walls and a floor that needs walls and a floor that could do with a makeover are among the "decorative" renovation work. They are not absolutely necessary, but they do improve the first impression. A property that is in a well-maintained in a well-maintained condition appears more upscale overall. Such decorative renovations are not expensive, but they can make a big difference but can make a big difference in the end.
More serious are deficiencies that reduce the quality of living. Heating systems and insulation, for example, should be up to date. These renovation works are more time-consuming and more expensive. They scare off many buyers who want to move into their new home quickly. off-putting. At the same time, however, they also cause higher costs for the owner. costs. So is it worth investing large sums in renovation at all? invest?
The prices for renovation work must be well calculated
Put simply, it can be said that the renovation or refurbishment of a renovation or refurbishment of a property is worthwhile if the resulting increase in value is higher than the costs incurred. It is therefore important that you calculate the costs for all upcoming changes well. calculate well. For most property owners it is difficult to estimate what the increase in value will be after the renovation. It is therefore therefore advisable to leave this estimation to an expert. This way you avoid the risk of spending a lot of money on the renovation in the end that you won't recoup through the sale.
Basically, in the real estate industry one speaks of a simple, normal and upscale furnishings. In the case of simple furnishings, it is possible, for example, that the floor coverings are missing, the kitchen and bathroom are not kitchen and bathroom are not tiled and the flat does not have central central heating. Normal furnishings should have all the necessary features so that the new owner can move into the property immediately. can move into the property immediately. Unlike high-quality furnishings, these do not have to be not necessarily have to be modern and meet the latest living standards. living standards. According to experience, the increase in value from a normal to a higher standard of furnishings brings an increase in value of about of about 15 to 20 percent. A simple interior, on the other hand, reduces the the price by approx. 15 percent compared to a normal interior. These values are for guidance only and are no substitute for a professional professional value assessment.
Great successes possible through renovation
Although a good calculation is indispensable, as a rule it can be expected that the can be expected to be worthwhile for the owner. worthwhile for the owner. Especially for properties with simple furnishings otherwise there may be no interested parties or only those who are who are specifically looking for bargains that are hard to sell, which they can renovate themselves at a reasonable price. Most buyers, on the other hand estimate the renovation costs to be higher than they actually are, and thus fear costs are higher than they actually are and fear paying too high a price for the property. pay too high a price for the property. It is therefore often the case that owners who initially offer their property for sale property and do not get rid of it, experience a positive surprise after the renovation. positive surprise after the refurbishment. The property then sells not only not only sells much faster, but also at a significantly higher price.
In your situation, too, it may be worthwhile to invest a little more time and energy in counselling. a little time and energy into counselling. Because the renovation and refurbishment work that you may commission can contribute renovation and refurbishment work you may commission can make a considerable find the right buyers for your home. This will make the sale of your beloved home a well-rounded affair.
Are you still unsure which renovation work is worthwhile for your property? Then contact us. We will be happy to advise you.
Photo: Detail photo
