Is it worth reforming a property before selling it? 🏡

Deciding whether to renovate a property before selling it depends on several factors. It is important to carefully assess the type of renovation, its cost, and the current real estate market conditions before making a decision.

🎨 Improving Presentation vs. Renovation Cost

If the property requires minor aesthetic renovations, such as painting walls, changing flooring, or updating the kitchen and bathroom, a renovation can significantly enhance the property's appearance and make it more attractive to buyers.

• These improvements can increase the perceived value of the property.
• They allow for a faster sale at a higher price.

🏚️ Old or Poor Condition Property

If the property has defects such as humidity issues, cracks, or structural damage, a renovation may be necessary to prevent buyers from being discouraged or requesting a significant price reduction.

🚿 Kitchen or Bathroom Renovation

The kitchen and bathrooms are two of the most important spaces when selling a property. It is essential to evaluate the cost of a renovation, as if these areas are significantly outdated, it may not be worth the investment.

• Since the final buyer and their preferences are unknown, the renovation may not satisfy everyone.
• It might be better to offer a neutral space so the buyer can personalize it to their liking.

📐 Creating More Spacious Areas

If the property has poorly utilized spaces, such as a narrow hallway or a room without a clear function, it may be beneficial to provide floor plans or visual renderings to illustrate a potential redistribution of spaces, improving buyer perception.

💰 Renovation Cost and Market Conditions

Before making any decisions, it is essential to calculate the renovation cost and analyze the state of the real estate market.

• If the market is active and prices are rising, a renovation could help you take advantage of this increase.
• You might be able to sell at a higher price than the renovation cost, maximizing profitability.

📞 Contact ImmoGirona, and we will advise you on the best option for your situation.