Engel & Völkers
  • 3 min read
  • 17/12/2024
  • by Rania Theologitou

Property Renovation: Steps to Boost Value & Improve Your Daily Life

Enhance the appeal of your home with a renovation. Create a space that supports your well-being

Revovation indoor photo
Photography by: Pexels.com

In today's world, a home is not just a place to meet our basic needs but also a sanctuary that ensures our mental and physical well-being. Renovating your home to improve its appearance is a crucial factor, whether the ultimate goal is selling it or continuing to live in it.

Table of Content

  1. Why Renovate Your Property?

  2. Key Steps in Renovating a Property

  3. Enhancing Energy Efficiency

Why Renovate Your Property?

Whether you plan to live in your home or sell it, renovating an apartment or house and improving its appearance offers multiple benefits.

1. Increase the Property's Value
If your home is currently valued at price X by renovation companies or real estate consultants, improving its appearance can lead to an increase in its market or rental value, thereby yielding a higher profit. A fully renovated property—both internally and externally—creates a positive first impression on prospective buyers or renters.

2. Improve Your Quality of Life
A stylish and functional home enhances daily life, promotes a positive mood, and boosts mental well-being. In a fast-paced world filled with obligations and stress, a well-designed home serves as a refuge of relaxation and comfort, which becomes evident once you compare the "before" and "after" of a renovation.

3. Reduce Energy Costs
Many upgrades made during a renovation—such as replacing windows, improving insulation, updating old heating systems, or installing solar panels—can make a home more energy-efficient, saving you money in the long run.

Renovation Tools on the floor
Pexels.com

Key Steps in Renovating a Property

1. Cleaning and Organizing
Think of your home as a reflection of yourself. A cluttered and dirty home gives a poor impression to potential buyers and is less functional and enjoyable for you.

Start with a thorough cleaning and organization. Experiment with rearranging furniture, removing excess items to declutter, or adding new decorative touches such as a painting, indoor plants, or throws to refresh the space.

2. Renovating Outdoor Spaces
First impressions start with the exterior. A clean building entrance, trimmed plants, and tidy balconies or staircases invite people to explore the interior. Even minor investments, like repainting railings or cleaning porches, can significantly enhance curb appeal.

3. Budget-Friendly Improvements
Simple updates can make your home more attractive without significant expenses:

  • Upgrade Lighting to LED: Replacing traditional bulbs with LED lighting enhances energy efficiency, uses up to 80% less power, and lasts 25 times longer.

  • Smart Storage Solutions: Utilize unused spaces, like under stairs, for cabinets or built-in storage. Create shelves, hooks, or extendable systems to maximize kitchen and bathroom storage.

  • Repainting: A fresh coat of paint in neutral tones brightens spaces and pairs well with replacing outdated fixtures like knobs and handles.

4. Floor Updates
Restore wooden floors with a polish or marble surfaces with professional cleaning to make them shine. Alternatively, consider installing laminate flooring for a cozy feel or adding a new rug for an instant update.

5. Kitchen and Bathroom Updates
For kitchens and bathrooms, even minor changes—such as painting cabinets, replacing faucets, or fixing broken tiles—can modernize and elevate these essential spaces.

Paint Brush on the wall
Pexels.com

Enhancing Energy Efficiency

With the growing focus on energy efficiency, buyers prioritize homes with sustainable features that reduce heating and cooling costs. Upgrades such as new windows, heat pumps, LED lighting, and smart thermostats can significantly increase the value and sustainability of your home.

FAQ

Frequently Asked Questions About Property Renovations

Contact

Contact your personal advisor

Headshot of a young woman with long blonde hair, wearing a black blazer and gold necklace, against a white background.
Portrait of Nikoleta Tzeliou

Engel & Völkers Greece

Athens Tower 2-4, Mesogeion Avenue (10th Floor)

11527 Athens, Greece

Tel: +30 211 105 500 0