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Engel & Völkers Licence Partner Vilamoura > Blog > Renovate your house or flat before letting or selling it

Renovate your house or flat before letting or selling it

If you have recently put your flat or house up for rent or sale, you may realise that it is not worth as much as you thought. It is completely normal for you to not want to offer your property for less so you should start thinking about enhancing the look of your home in order to get the best price for it.

Doing some renovations in your home can help you sell or rent it out faster and most important of all, for a higher price. Also, you do not have to spend a lot of money on such projects. Here we are going to give you some simple tips to prepare your home and get the most out of it.

1. Paint the walls and the ceilings

Start by thoroughly cleaning the entire house before proceeding to paint the walls. In fact, if the walls are in poor condition, you may want to sand them down and smooth them before doing so. This is probably the part that most influences the first impression received by those interested in renting or buying the property.

2. Buy new wardrobes and doors

The cabinets and doors are features that clearly reflect their use. Therefore, when it comes to selling or renting out your home, it is important to replace them. However, there is no need to choose the most expensive or the highest quality wardrobes and doors since your aim is to make the house look as if it is ready to move into, or almost.

 Vilamoura - Algarve
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 Vilamoura - Algarve
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Photo: iStockPhoto/Getty

3. Give the bathroom and kitchen a total makeover

The first two rooms of the house that every potential buyer or tenant focuses on are the bathroom and the kitchen. By looking at these rooms, it will be possible to determine how they have been used and whether they have been kept in good condition, etc. The limescale in the taps, the black rubber on the pipe joints, the broken tiles ... all these can have a negative impact on the sale or rent price. 

A comprehensive remodelling in a bathroom can cost around €3000 and in a kitchen between €10,000 and €12,000. However, by renewing both rooms in an old property can mean an increase in the asking price of up to €30,000.

4. Change the flooring

You may not be too keen on changing the flooring as it is a costly investment. However, there are alternatives. For example, you can opt for laminate flooring, which is very economical, easy to install and gives a very elegant and modern look that buyers and tenants will usually love.

 Vilamoura - Algarve
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  • Avenida Tivoli, Edf. MouraPraia, Loja 7, Bloco B
    8125-410 Vilamoura - Algarve
    Portugal
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