According to 76% of real estate agents, building renovation activities are on the rise: owners do not want to face future uncertainty with a property of low value, so they opt to carry out strategic interventions to keep the value of their home as high as possible.
So, what are the best ways to increase a home's value? In this article, assuming you're looking to sell your house, we'll provide helpful tips for identifying potential improvements that can boost its value. Based on advice from well-known real estate agents, we've compiled a list of top recommendations for home renovation projects, so you can make informed decisions about how to invest your money.
Home physical improvements
Presenting a spacious home to a potential buyer is always a good way to make a good first impression; in fact, the demand for larger homes is a confirmed trend, as evidenced by the fact that 44% of real estate agents list the "need for more space" as the top reason for moving. If the house has a basement, it certainly makes sense to finish it, as this can increase the price. Finishing a basement and adding heated square footage can significantly raise the price of your home: on average, depending on the size, the cost will be between €15,000 and €35,000, with the possibility of recouping up to 70% of the investment. Similarly, removing some excess walls will create the spacious layout that buyers desire. Projects that open up all or part of the living room, dining room, and kitchen allow for more natural light and better use of the available space.
External interventions
Improving the exterior appeal of your home, starting with the paving, gives the impression that your house is well-maintained. For example, mowing the lawn, trimming shrubs, and planting trees may cost a few thousand euros, but it offers a significant return on investment. 76% of real estate agents specify that exterior and garden improvements are the number one action that can enhance a home's market value. Therefore, cladding the facade with stone, installing a steel gate, replacing the garage door, and repainting the facades are all great ideas for refreshing your home's appearance.
Update your interior
The kitchen and bathroom are undoubtedly the most important rooms that buyers pay particular attention to: if these rooms are in good condition, they won't have to worry about costly renovations. However, if you do need to do something in the kitchen and bathroom, the advice is to focus on functionality rather than unnecessary luxury.
