How Does a Comprehensive Renovation Affect the Value of Your Property?

What is a comprehensive renovation?

Comprehensive renovations refer to the complete transformation of a property, aiming to renew both its functionality and appearance. This type of intervention encompasses everything from the redistribution of spaces to the modernization of installations and finishes, with the goal of improving livability, adapting to current needs, and increasing the property’s market value. It is a process that not only transforms the visual aspect but also optimizes the property’s performance and efficiency.

How Does a Comprehensive Renovation Affect the Value of Your Property?

Undertaking a complete renovation of a property has a significant impact on its market value. In addition to improving the functionality and aesthetics of the space, this type of renovation provides key benefits that make the property more attractive to buyers and increase its appreciation.

Property appreciation

A complete renovation can significantly increase the value of your property by modernizing it and adapting it to current market trends and needs. Buyers are often willing to pay more for a property that doesn’t require additional work and offers superior quality.

Attractive to buyers

A renovated home stands out from similar properties, attracting more buyers. Modern, functional, and visually appealing spaces facilitate the sale and reduce the time the property remains on the market.

Energy efficiency

Incorporating energy-efficient systems, such as double-glazed windows, solar panels, or LED lighting systems, not only increases the property’s value but also offers savings in operating costs for future owners.

Greater perceived value

The modern finish, quality materials, and updated design create a positive impression on buyers. This perception of value, combined with the property’s functionality, can justify higher prices compared to similar properties that haven’t been renovated.

[banner_blog_esp]

Transformation of spaces in a comprehensive renovation

In a complete renovation, each space in the property is adapted and modernized according to its function and the owner’s needs. This process ensures that each area is functional, aesthetically pleasing, and efficient. Below, we explain how each of the main spaces is transformed in a complete renovation.

Lounge and common areas

In common areas, such as the lounge, modern design and functionality are prioritized:

• Walls are removed to create open spaces that connect with the dining room or kitchen.
• Large windows are installed and neutral colors are used to enhance natural light.
• Incorporation of continuous flooring, such as wood or porcelain tile, to create a feeling of spaciousness and cohesion.

Kitchen

The kitchen is transformed into a practical and modern space, ideal for everyday life:

• Redistribution of furniture and appliances to facilitate workflow.
• Installation of durable and aesthetic materials, such as quartz or granite countertops.
• Inclusion of built-in appliances and smart storage systems.

Bathrooms

The bathrooms are completely renovated to offer comfort and modern design:

• Replacing bathtubs with walk-in showers with glass screens.
• Incorporation of suspended furniture to make the most of the space.
• Use of modern and easy-to-clean coverings, such as porcelain or microcement.

For more information on bathroom renovations, you can read our article “How much does it cost to renovate a 5 square meter bathroom?”

Bedrooms

In the bedrooms, the goal is to create comfortable and functional environments:

• Installation of fitted or custom-made wardrobes to maximize storage.
• Improved thermal and acoustic insulation for greater comfort.
• Decorated with soft tones and warm finishes that promote relaxation.

Corridor and passageways

Hallways and passageways also become functional and attractive areas:

• Use of mirrors and light colors to give a feeling of greater spaciousness.
• Recessed or decorative LED lighting to enhance the design and save energy.
• Incorporation of decorative moldings or panels that add a touch of style.

Terraces or balconies

Outdoor areas are transformed into spaces that can be used year-round:

• Replacement of soils with materials resistant to climatic conditions.
• Design of rest areas with outdoor furniture, awnings or pergolas.
• Inclusion of green elements, such as planters or living walls.

Facade and main entrance

The facade and main entrance are being renovated to give a good impression from the outside:

• Rehabilitation of coatings and painting to modernize the appearance.
• Installation of secure and modern doors that complement the overall design.
• Thermal insulation and efficient windows to improve the sustainability of the property.

[tercero_banner_blog_esp]

Factors that affect the cost of a comprehensive renovation

Property size and location

The price per square meter typically ranges from €500 to €1,200, depending on the quality of the finishes and the work required. For example:

• A 120 m² apartment could cost between €60,000 and €150,000.

To get an idea of ​​the price range, you can read How much does a complete renovation of a 120 square meter house cost in the Eixample district .

Quality of materials

• Standard materials : These are economical but functional options, ideal for tight budgets.
• Mid-range materials : They offer greater durability and modern design, at an intermediate cost.
• Luxury materials : These include exclusive finishes that significantly increase the budget.

Specific tasks

• Redistribution of spaces : Tearing down partitions and building new ones can cost between €30 and €50 per m².
• Facility renovation :
  • Plumbing: Between €3,000 and €6,000 depending on the size of the property.
  • Electricity: Between €4,000 and €8,000 for a complete upgrade.
• Bathrooms and kitchens : Renovating a bathroom costs between €4,000 and €10,000, while a kitchen can cost between €8,000 and €15,000 or more.

Energy efficiency

Incorporating improvements such as thermal insulation or double-glazed windows can increase the budget by 10% to 20%, but it represents long-term savings.

Design and customization

If interior design services or architects are hired, this can add 10% to 15% to the total cost.

We invite you to take a look at the Ideas and Tips before renovating an old house .
At OAK , we understand the value a complete renovation brings to a property. That’s why we specialize in comprehensive renovations and adapt to your specific needs. We offer customized renovations to efficiently transform your property, with a focus on quality and design. Contact us for a personalized quote and let’s bring your project to life.