Is refurbishment before sale worthwhile?

Has it been a while since your property was last renovated? ago? A damp cellar, poorly insulated windows and yellowed wallpaper wallpaper cause problems and reduce the selling price. But is it worth is it worth investing energy and money once again in your life situation to to increase the value of the property?

You have lived in these four walls for many years and have the energy to carry out non-essential renovation work. perhaps you simply didn't have the energy. Everything was fine for you and you preferred it to temporarily living on a noisy and dirty building site. noisy and dirty building site. Now you are about to move into an home, or you have already moved and are wondering whether it is worthwhile to commission another renovation or even renovation or even refurbishment. Old wallpaper, unpainted walls and a floor flooring that could do with a makeover are among the "decorative" renovation work. They are not absolutely necessary, improve the first impression. A property that is in a well-maintained condition has a higher overall quality. Such decorative renovations are not expensive, but can make a big difference to the make a big difference in the end.

More serious are defects that reduce the quality of living. Heating systems and insulation, for example, should be up to date. This renovation work is more time-consuming and expensive. They deter many buyers who want to move into their new home quickly. off. At the same time, they also result in higher costs for the owner. costs for the owner. So is it even worth investing large sums in refurbishment? invest?

The prices for renovation work must be well calculated

Put simply, it can be said that the renovation or refurbishment 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 of all upcoming changes well. calculate them well. It is difficult for most owners to estimate how high the increase in value will be after the renovation. It is therefore It is therefore advisable to leave this estimate to an expert. This way avoid the risk of ending up spending a lot of money on renovation that you will not recoup through the sale.

In the real estate industry, we generally speak of simple, normal and upmarket fittings. In the case of simple for example, it is possible that floor coverings are missing, the kitchen and bathroom and bathroom are not tiled and the apartment does not have central heating. 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 fixtures and fittings, these do not not necessarily have to be modern and meet the latest living standards. standards. Experience has shown that upgrading from a normal from a normal fit-out to an upmarket fit-out brings an increase in value of approx. 15 to 20 percent. A simple fit-out, on the other hand, reduces the price by approx. 15 percent compared to a normal fit-out. However, these values are for guidance only and are no substitute for a professional value assessment.

Great success possible through renovation

Although a good calculation is essential, as a rule it can be the beautification work is worthwhile for the owner. owner. Especially for properties with simple furnishings otherwise there may be no interested parties or only those who are specifically looking for bargains that are difficult to sell, that they can renovate cheaply themselves. Most buyers, on the other hand estimate the renovation costs to be higher than they actually are than they actually are and are therefore afraid of paying too high a price for the property. price for the property. It is therefore often the case that owners who initially offer their property initially offer their property unrenovated and do not get rid of it, experience a experience a positive surprise. The property then not only sells not only sells much faster, but also at a significantly higher price.

It may therefore also be worthwhile in your situation to invest a little a little time and energy in consulting. Because the renovation and refurbishment work that you may commission can can make a significant contribution to finding the right buyers for your home. 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 get in touch with us. We will be happy to advise you.

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