Renovating an apartment is a smart decision that can have a significant impact on rental value.
A well-planned refurbishment can modernise the building’s facade, improve the interior and make the property more attractive to potential tenants.

The impact of renovating on rental value

When a landlord decides to refurbish a property, is investing in the property’s value and in increasing future rents.

In fact, a proper refurbishment can increase the rental value by up to 30%, making the property more attractive to tenants and more profitable for the landlord.

Law and the renovation of rented accommodation

Already rented flats: the law requires the landlord to inform the tenant in writing of any increase in the rent after renovations have been carried out.
The increase must be made within one month of the completion of the work, and the landlord must give the tenant a detailed explanation of how the new rent was determined.

Housing with a new rental contract: a property that has been renovated will attract more customers, so it can be rented at a better price and to a person who is more stable and therefore more secure for the landlord.

Home Staging: renovating a property and increase value

Home staging is a comprehensive strategy that includes decorating, lighting, and arranging rooms to make a property more attractive to potential tenants.
By renovating rooms to make the home more welcoming and improving the visual presentation of the property, home staging can significantly increase its value in the real estate market.

With home staging, the property becomes more attractive with small but significant changes. These changes allow the property to attract a wider range of clients with higher purchasing power. In other words, higher rents and less risk of default.

Having a professional photography service will help even more for a greater promotion of the property for rent.

In short, renovating an apartment can be a profitable investment for landlords looking to increase rental value and attract quality tenants.
In this post, we will explain why renovating a property is a strategy to improve the profitability of your real estate investment.

With the help of real estate experts like DFLAT Madrid, it is possible to maximise the potential of a refurbished property.

DFLAT Madrid: experts in the management of renovated

At DFLAT Madrid, we understand the value of a well-done renovation. We market our renovated apartments through a variety of channels such as B2C, B2B, moving agencies, relocation, travel and our own channels.
If you are an investor or owner of apartments in Madrid, we can help you maximize the return on your real estate investment.