Increasing the value of your property: things to know before selling your home

Before selling a house: what adds value to a property?

There is a fundamental difference between value-enhancing and value-preserving measures. The latter help to prevent the loss of value that can occur over time. Value-preserving measures include regular maintenance of the property, for example by servicing and checking the heating system as well as roofs and facades. Value enhancement, on the other hand, involves upgrading your property through renovation measures so that you can increase the current market value of your home before selling it in order to achieve a higher selling price. Examples of value enhancement measures that can be profitable:

Increase energy efficiency

Energy-efficient renovation or modernization measures are particularly worthwhile in view of the rise in energy costs. In order to reduce consumption and increase energy efficiency, for example, the right thermal insulation is required. Replacing the heating is also one of the energy-efficient refurbishment measures. The cost is individual; find out in advance which individual measures are worthwhile for your property in order to sell it at a profit.

Modernize bathroom and kitchen

Increasing the value of your home by modernizing the bathroom and kitchen is another cost-intensive but often sensible measure. Whether underfloor heating or more comfort through a well thought-out colour and tile design: depending on which target group you are addressing and which functionalities are to be fulfilled, special modernization measures in these areas are worthwhile.

Create additional space

Whether for families or couples planning to have children, the value of a home can be increased by converting attics, for example, especially in times when there is a lack of living space in large cities. If it is possible to create more space, this measure can therefore be worthwhile for owners.

Brighten up facades and walls

Even if it doesn't fall under "modernization", painting the façade is a popular measure before selling a house. Sometimes cleaning the façade is enough to give it a clean look. If there are no cracks and it looks fresh, owners can score points with potential buyers. Minor cosmetic repairs, such as upgrading the interior walls, also pay off. This is another way to increase the attractiveness of a property with little effort.

Renewal of the floor coverings

When you enter a house, the floor will leave a lasting impression - and this can also contribute to the purchase decision. Replacing floor coverings is particularly advisable if they are badly worn. High-quality, modern floors have a significant influence on the atmosphere and feeling of living. Tastes differ: while parquet flooring is particularly popular in houses, laminate is often used in condominiums.

Increasing the value of your home: you should also bear this in mind

Before deciding on specific measures, it helps to draw on the expertise of experienced real estate professionals. This is because the feasibility of specific measures can depend heavily on the age and condition of the building in question. Comprehensive changes always mean that dangers and risks are lurking. In addition, regulations and conditions that are linked to state subsidies for conversion measures must sometimes be taken into account. You should therefore consider these points before taking any further steps.

An additional question that needs to be clarified in advance: Who do you want to appeal to with your property? Not every measure is potentially value-enhancing if it does not strike a chord with your target group or the tastes of your potential buyers. For example, a costly kitchen modernization can turn out to be a bad decision, whereas investing in the expansion of living space in a conurbation would have been more worthwhile. Before selling your home, therefore, keep your potential buyers and your needs in mind. Once these have been defined, measures can be planned in a targeted manner.

Before selling your home: a professional property valuation is worthwhile

If you are thinking about increasing the value of a condominium or house in order to sell your property profitably, we recommend a professional valuation. We would be happy to carry out a property valuation for you or advise you on your concerns in order to clear up any uncertainties. We cordially invite you to contact us. You also have the option of using our online valuation tool.

To the online evaluation

Conclusion

Every property is individual, depending on its location, condition, structural aspects and age. The question of whether and what potential for appreciation your property has should therefore always be answered with competent professional support. Before selling your home, make sure that you use this potential to sell your property, which often also has sentimental value, profitably and to your complete satisfaction.