{"id":101690,"date":"2020-01-14T10:43:43","date_gmt":"2020-01-14T09:43:43","guid":{"rendered":"https:\/\/www.shbarcelona.com\/blog\/en\/?p=101690"},"modified":"2021-04-14T13:32:15","modified_gmt":"2021-04-14T11:32:15","slug":"renovation-selling-property","status":"publish","type":"post","link":"https:\/\/www.shbarcelona.com\/blog\/en\/renovation-selling-property\/","title":{"rendered":"Investing in Renovations before Selling a Property"},"content":{"rendered":"

Everybody knows that when you renovate a house<\/strong>, you increase its value<\/strong> and you maximise<\/strong> possibilities<\/strong> to sell<\/strong> it. If the property is in good condition, remodelling works have been done and it is also in a good location, selling it will be a piece of cake.<\/p>\n

The state the property is in is very important for the property valuation, and it could positively influence the selling price, but do you know what to invest in when renovating a property and how much to invest?<\/p>\n

Today, this article by ShBarcelona<\/strong><\/a> will tell you more.<\/p>\n

Related article:\u00a0How to Sell Your Home in Barcelona?<\/a><\/em><\/p>\n

How much to spend on renovations before selling an apartment<\/h2>\n
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Photo via Pixabay<\/em><\/p><\/div>\n

Before you start remodelling your home, experts recommend investigating the price<\/strong><\/a>\/m\u00b2 of properties in the same area. Don\u2019t forget to distinguish between renovated and not yet renovated apartments.<\/p>\n

Studies have shown that you should invest<\/strong><\/a> 50% of the difference between the two prices for higher profitability<\/strong> and a satisfactory profit margin.<\/p>\n

An example: if your apartment is in a neighborhood<\/strong><\/a> with medium-high rental prices, and the price difference between renovated and not yet renovated homes is 1000 euros\/m2<\/sup>, then a guideline is to invest 500 euros\/m2<\/sup>.<\/p>\n

Don\u2019t forget, however, to prioritise any works you want done in the apartment, and always invest in what tenants value most: kitchen, bathroom(s), floors and walls. Updating the apartment changes the way it looks and freshens it up.<\/p>\n

When investing in upgrading the apartment, always consider fundamental items that needs to be changed, but also remember the essentials to makeover a property:<\/p>\n