How To Renovate An Old House To Sell It Later
March 26, 2024
Want to earn more money? A good way is to renovate your house and sell it later for a higher price. Yes, we know it’s an old business, but many have built wealth with this method, why not you?
There are many factors to take into account, so many that we could spend hours watching “Property Brothers”. However, you have nothing to worry about since in a short time and with a few suggestions, you will be able to create an attractive home for the market.
Get comfortable and discover step by step what you have to do. Are you up to the challenge?
Why Renovate A House To Sell It?
It is one of the oldest businesses that exist today, and for hundreds of years, people have decided to make improvements to their homes before putting them on the market, as this increased the chances of sales.
At this moment, it is still a good business opportunity, and a client will always prefer to buy a property where he can live immediately rather than one where he has to remodel to live in it.
Yes, it is a heavy job, and it is advisable to know the area to get the most out of it. However, if you do it right, you will get good money for the service.
Advantages Of Remodeling A House For Sale
Among the most important advantages we find when remodeling and selling a house, we have:
You Sell It Faster
Closely related to the previous point is that any client would rather buy a house that is ready to move into than one that has to undergo additional work for several additional months.
That is why, if you make the appropriate improvements, it is very likely that just days after publishing it on your platform of choice, you will have some offers to look at the asset.
There, you will realize that it was all worth it.
You Sell It At A Better Price
On the other hand, by having everything a family needs to live, the property is reevaluated in a very short time, so you recover what you invested and get an additional profit.
Clients are willing to pay more for a house that does not need any additional repairs to live there. That is why it is a good idea to hire good architects in Marbella who have experience in the industry to increase our chances of success.
What To Renovate To Increase The Value Of A House?
Want to renovate a house to get the most out of it? It’s time for you to take a look at the most important parts you can modify. Let’s see:
Painted Walls Without Stippled Paint
You must dedicate time to painting each of the walls that have defects so that the clients will be surprised with the finishes you used and how you eliminated the stippling definitively.
In addition, we recommend that you remove the stippled wallpaper, as it is definitely out of fashion and does not compare to the benefits of having a 100% smooth wall.
You must take into account the most attractive colors nowadays. In this sense, although everything will depend on taste, light colors always give the feeling of being in a larger space than it is.
Modify The Soil
Have you ever seen those programs that deliver a house remodeled from scratch? Well, one of the most striking elements is the floor, where modern materials are used that completely change its appearance.
The most commonly used at present are:
- Synthetics
- Laminates
- Wooden
- Stone
- Marble
Therefore, to choose the ideal one for you, we recommend that you value the colors, durability, ease of cleaning, and price to be cost-effective at all times.
Expand Storage Space
If your home has little room to maneuver, it is very unlikely that you can expand the space without making structural changes to the infrastructure. However, with some renovations, you can get the feeling of having a larger storage space, which is always useful.
The mezzanines are a very useful alternative to have a kind of additional level to store things and even sleep without altering the main structure of the building.
Best of all, you can include it in bathrooms, bedrooms, or the house without any inconvenience. What are you waiting for, to take a look at it?
Energy Efficiency
Obtaining a positive energy certificate is an excellent option to understand the new trends demanded by the environment to take care of the planet while living in a beautiful place.
In short, it is about making the most of the energy consumed, representing a medium and long-term saving of money for the customer.
This way you will be able to compete directly with modern houses since the older ones do not meet the new evaluation standards imposed by the government.
What changes can you make? Install energy-saving light bulbs, purchase appliances with environmentally friendly labels, and change the windows to better insulate from the thermal point of view.
How Much Can I Spend On A Renovation?
The truth is that everything will depend on where the property is located, the time you spend on it, the professionals you choose, and the materials you install.
In this sense, the average price is around 3 thousand euros to 10 thousand euros, but everything will depend on the factors mentioned in the previous paragraph.
Once you have your numbers, and you have the property ready, you will decide what to do with it. You can rent it or sell it because you will obtain a more than interesting profitability in both. What are you waiting for?
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