Renovating in Portugal: Boost Your Property Value by 30%
Renovating in Portugal: Boost Your Property Value by 30%
Discover how strategic home renovations can maximize your investment returns in Portugal.
In the ever-competitive Portuguese real estate market, property renovations have proven to be a highly effective strategy for increasing property value. According to experts, upgrading and renovating homes can result in a price increase of up to 30%, depending on the type and quality of the renovation work completed.
Why Invest in Property Renovations?
Renovating properties not only updates the home aesthetically but also enhances its functionality and energy efficiency. These aspects are increasingly important for both local and international buyers who are looking for modern features that improve quality of life. As a result, properties that undergo comprehensive renovations often stand out and sell for significantly higher prices.
Key Factors Influencing Value Appreciation
The extent to which a renovation can increase property value depends on several factors:
Location: Homes in prime urban areas or historical neighborhoods tend to yield higher returns post-renovation. Cities like Lisbon and Porto are hotspots where renovations can particularly impact market value.
Type of Renovation: Upgrades to key areas such as kitchens, bathrooms, and communal spaces generally offer the highest return on investment.
Energy Efficiency: With sustainability becoming a central focus, improvements such as thermal insulation, solar panels, and energy-efficient systems make homes more attractive. These renovations can reduce long-term costs and align with the eco-conscious values of modern buyers【source: idealista.pt】
Klave’s Expertise in Renovation Projects
At Klave, we specialize in guiding clients through the process of identifying properties with high renovation potential. Our comprehensive consultancy service includes everything from property acquisition, to project planning and execution, working with trusted local architects and contractors to ensure that every project meets high standards and delivers a strong return on investment.
Contact us today to explore how Klave can help you succeed in Portugal's thriving Real Estate Market.
