atHome.lu Blog
Menu

Selling your property: should you go through the renovation process?

According to a survey of our users, 66% were looking for a turnkey propertyThis means no work is required. This is a key factor to consider if you have an old property and you wish to sell quickly and at the best price.

3 arguments in favour of renovation

1. Renovate to sell better and faster

It is well known that real estate is a matter of negotiation. Each defect noticed during the visits of your property, will be a an additional argument for lowering the sales price. It is therefore important to make sure that you have all the chances on your side to sell quickly and at the best price :

  • Give it a lick of paint (white is messy, we can't say it often enough, so a little brush to freshen it up and it's done).
  • Fill in any gaps caused by the various frames and pictures you had installed.
  • Thoroughly clean bathroom or kitchen joints that have become mouldy...

In short, this coup d'état or this refurbishment will allow future purchasers to better project themselves and make an offer.

2. Renovating to add value

The kitchen and bathroom are rooms that potential buyers are looking for. By promoting the renovation of these two rooms and investing in quality equipment (cooking piano for top chefs, state-of-the-art bath or shower for the bathroom...), you can realise a capital gain on the sale of your property. This is also a good way to trigger a sale, as it means less expensive work to be done.

3. Renovate to reassure the buyer

Visiting a property with major work to be done can be frightening. It means that the property will not be accessible immediately and that it will cost money. For this reason and if you have an old property we advise you to :

  • Insulating your home

By undertaking an energy renovation of your property, you can save your future buyers valuable euros. Glass wool, heat pumps or solar panels: an investment that will convince the buyer to make an offer.

  • Meet electrical standards

An outdated electrical installation can cause short circuits or increase the risk of fire. For this reason, we recommend that you carry out an electrical diagnosis and, depending on this, carry out work to bring the installation up to standard.

  • Cleaning up your property

Moisture is the worst enemy of old houses and it is difficult to get rid of it without heavy work: changing the ventilation system, waterproofing the facade etc. Once this heavy work has been carried out, it will reassure visitors.

What are the property prices at the moment?

Prices are slowing down. Interest rates are rising. What are the trends for the coming months?
Read the analysis

What does it cost to renovate?

The renovation envelope can quickly costHowever, some aids exist to encourage work to be carried out.

  • The improvement premium :
    A premium granted for certain work carried out to improve the habitability, health and safety of your home. It is conditionally grantedincluding by depending on your income, your family situation and the type of dwelling targeted by the renovation. The amount of this aid corresponds to to a maximum of 30% of the amount of invoices relating to to renovation works with a ceiling of €10,000.
  • super-reduced VAT rate of 3% applies to construction and renovation works.

To apply for financial support, please visit Guichet.lu

The intermediate solution: home staging

Home staging is the solution that allows you to give back give your home a facelift without costly and time-consuming work. A technique that will allow you to catch the eye and trigger the sale to future owners.

Before you start: ask and compareyour online quotes.

To help you, atHome puts you in touch with Luxembourg craftsmen. In a few clicks, choose the type of work you want to do Fill in the form and receive quotes. It's simple, fast and stress-free!

MAKE A QUOTE

Have you made your choice? Great news! You are now ready to move on to the third step in selling your property: should you sell alone or with an agent?

READ THE ARTICLE

atHome

Written by

atHome

Posted on

05 November 2021

magnifycrossmenuchevron-down