Does Renovation increase the value of a property?

[Good-Person]

Renovation is one of the most important topics in the real estate industry. There are many people who think that renovating your house may increase the actual value of your property. I am not sure if this is true. So, is this really the case? What do you think?

 

[Nomad]

Renovation not only increases the value of the property but also increases the chances of selling. When you renovate, you will make changes that are attractive to the buyers, therefore the of the property goes up. Unless people are buying houses to sell back, no one wants to buy dilapidated houses, they will only consider houses in good condition. Therefore, renovation is good for selling properties.

 

[Baker]

Yes, Innovative features and improvements can definitely increase the value of a property. For example, adding a smart home system, solar panels, or energy-efficient appliances can all add value. Even making small improvements like updating the kitchen or bathrooms can have a big impact on the overall value of the property.