If you’re planning on selling your house, then this article is the best thing you’ll read as we uncover deep secrets of how to make the most amount of money in real estate through your property.
Selling your house fast while making huge profit needs you to go beyond just listing that property in the market. You’ll need to apply a very successful real estate approach that’ll not only enhance your property, but also show that property to the right people who will pay you the real value of your property. So, if you want to sell your house quickly and make a huge profit then pay keen attention.
The Type of Houses People want to buy
Both in the Marbella real estate market and in the world at large, there’s a continuous increase in the demand for houses and other real estate properties. But what kind of houses do these people want?
Recent trends shows that people are in high search for house that are well renovated with contemporary designs and modern features. This desire is also backed by their ability and willingness to pay a premium price for such properties and so it’s just wise to give people what they want. But how do you ensure you do a good renovation while staying within your budget.
How to do a Successful Home Renovation
As simple as it seems, completing a successful home renovation can be a very challenging task and if you want to do a good renovation, then these are the steps to follow:
- Set very achievable goals. Be clear on what you want to achieve regarding the renovation.
- Prepare the necessary finances for the project
- Select your design and renovation features
- Hire a good skilled contractor to handle the project.
- Do proper inspection of the renovation work.
How much should I spend on a refurbishment?
You’ve decided to do a good home renovation and you’re wondering how much finances to put in since you do not want to end up spending too much on refurbishing a property and end up finding that, while the refurbishment itself is beautiful, nobody wants to pay the amount of money you are asking for to purchase a property in that particular area or complex. In a handful of Marbella areas and complexes, you can spend as much as you want on refurbishing/renovating a property as the demand is huge in those neighborhoods. But in other areas you need to be more careful. So,carefully check if any refurbished homes in the same complex or neighborhood as your property sold recently? If so, what did they look like, what did buyers appreciate the most in that property? What price did it sell for?
Getting these answer can be very challenging and that is why you should get a highly experienced real estate agency like Fourfront Estate which has the experts to evaluate and provide you with everything you need for a successful renovation.
What are the tax and legal advantages of refurbishing a property in Marbella?
When you renovate a house in Marbella, there are some possible tax advantages, such as the tax deduction of improvement costs in the main residence or the reduction of VAT (value added tax) to 10% for other specific improvements. You can also avoid potential legal issues after selling a property arising from allegations of defects or hidden problems in the property such as cracks, damp, defective installations, pests, etc. So, if you can, always renovate your home before selling it.
Amongst all the challenges that arise during renovations, always keep in mind that you’re not renovating for yourself, but for the market so do something that is highly in demand.
Selling the property after renovations
When you’re done with the renovation job, you will have in your possession a new and good-looking property with modern in-demand features. This means the property has appreciated and increased in value and will be priced much higher than the original plus the renovation expenses.
To get your property sold quickly, contact a good and reliable real estate agency like Fourfront estate. We have the smartest and most experienced realtors and real estate agents that will get you good clients in less than no time. Contact us today and get in touch with our trusted experts.
