Renovated properties have been sold for 20-40 percent more this year than those that require renovation. So the owners are better renew their house or apartment before they try to sell it. Replacing old wires, windows or doors can easily raise the value of a property.Although it’s not for sure the money the owner of the house spent on renovating will come back, on average the buyers are willing to pay much more for a renovated apartment than for one that is old and is not in a good shape. In Budapest they pay 20 percent and in the country 40 percent more. Renovated apartments didn’t loose their value during the recession, and they were not so much subjects to negotiation either. So if the owner of the property is planning a renovation, it’s worth to consider meeting the future buyers’ claims even if the owner doesn’t want to sell yet.
When Renovating One Should Pay Attention to the Future Buyers’ Claims
Since the value of a property depends on various issues – such as its location or traffic opportunities – besides its current state, it can’t be determined how much its value will increase exactly after renovation. But it’s a fact energy-saving houses are worth more, so it’s a good idea to renovate. For the costs to be cleared for sure it’s worth to pay attention what the future buyers’ motives may be when searching for an apartment to buy. Replacing old electric wires, ducting, windows and doors, and aesthetic developments – laying new tiles, repainting etc. – can attract the customers.
We Can Help You with the Renovation
Tower Budapest can help you renovate and sell your apartment. If you have the renovation done by a reliable and expert team, you can clear your costs for sure. We can help you to get the most out of yor Budapest property - contact us now for a tailored offer!
Source:
www.portfolio.hu
