RENOVATING? WILL IT REALLY ADD VALUE
Whether you’re ready to start a full on renovation project on your home in Spain, buying a property to “flip,” or just purchased a property in need of a few repairs, you’ll need to have your business head screwed on tight.
Will your project add real value, or are you at risk of spending more than it’ll be worth?
Here are a few upgrades that are both good and bad for your investment:
Kitchens & Bathrooms: Without hesitation, renovating these two rooms gets a thumbs up from me! The kitchen is the heart of the home. Even a modest renovation will add value like renewing the cabinet doors and hardware. Simple but effective! Bathrooms tend to look dated every 10 years. There’s always new designs hitting the market, from tiles to sanitary ware. Even giving a bathroom a minor facelift with fresh grout will make the room look newer. Best investment in this room would be to update the tiles. Most people are removing baths and replacing them with showers. Also a good investment!
Open balconies: Enclosing an open balcony/terrace to make a sun room gets a thumbs up from me! You’re adding another room to the property, so this is adding value. This is an easy extension to make, as there usually is no construction work involved. Aluminium frames and windows will get the job done with little disruption. Glass curtains are a popular choice that makes the room look opulent!
Bedrooms: If you’re thinking of removing a bedroom wall to make a larger living room or dining room, beware! Creating bigger rooms will always be a welcomed upgrade however, if you’re doing this in order to sell the property then stop! More bedrooms will always attract more buyers. This type of investment is fine if you’re doing it for your own benefit. Doing it purely to the flip the house, will get a thumbs down from me.
Some upgrades do add real value, but not all are guaranteed!
Sometimes the best upgrade is to sell your existing property and buy a home that’s already been done!
Before embarking on any projects, answer this: Will your upgrades make your home more comfortable for you to live in AND add value to your investment?
Thinking of selling your property in Spain but not sure where to start? I have created a video for you to watch on demand from the comfort and safety of your own home! Head to: www.homes4u.es/HowToSellaPropertyInSpain
You’ll discover everything you need to know from the paperwork that will be required to getting you the best deal!