Property News from Spain

When selling or renting your property in Spain, boosting its market value through renovations can be an excellent investment. Extensive and costly improvements aren't always necessary; small, cost-effective upgrades can make a substantial difference. These enhancements not only increase the sale price but also make the property more appealing to potential tenants or buyers.

By understanding what factors influence property appreciation and strategically implementing effective upgrades, you can achieve a higher profit. Let’s explore some impactful measures and considerations for enhancing your property's value.

1. Kitchen and bathrooms

The kitchen and bathrooms are critical areas that can make or break a sale. They are one of the areas that potential buyers scrutinise. Making it more functional and modern can be a game-changer. Even simple updates like fresh paint and new hardware can make a substantial difference. The cost of a new kitchen can start at approximately €5,000 increasing substantially depending on specifications. If you’re contemplating selling, modernising your existing kitchen often provides a good return, potentially increasing your property's value by about 5%. A renovated bathroom with high-quality fixtures and tiles can increase your property value by 10-20%. A complete bathroom update can range from €10,000 to €20,000. Here are some areas to consider:

• Replacing cabinets: New cabinets can refresh the kitchen’s or bathroom’s look.
• Upgrading countertops: A new worktop can give the kitchen a facelift. For smaller kitchens, white worktops can brighten the area and create a sense of spaciousness. This simple change can modernise your kitchen without a significant expenditure.
• Upgrade taps: Modernising the kitchen taps with more contemporary and practical designs can make a big difference.
• Installing modern appliances: An induction hob or new appliances can update the kitchen.
• Repainting walls: Warm colours can make the kitchen feel more inviting.
• Updating flooring: Changing the floor can modernise the kitchen.
• Swap bathtub for shower tray: A simple and practical upgrade involves replacing the bathtub with a shower tray. This not only saves space but also reduces water consumption, adding both functionality and an eco-friendly appeal.
• Installing a shower screen: instead of a curtain for a modern look.

2. Flooring

Replace old flooring with stylish and durable materials like hardwoods, laminates, or high-quality tiles. If your budget allows, replacing worn parquet flooring can give your home a fresh look. Alternatively, consider refinishing existing flooring.

3. Enhance lighting

Good lighting can exponentially increase the appeal of any living space. Here are ways to let in more natural light:

Read more at thinkSPAIN.com