Renovating Homes in Portugal
Is It Worth It? Benefits and Value Appreciation
In Portugal, over 60% of homes were built before 1980 and are in need of rehabilitation. According to various reports, remodeling an older property can increase its sale value by more than 25%, especially in districts like Lisbon, Porto, and Faro.
1. Value Appreciation Through Rehabilitation
Renovating a property in poor condition is an excellent way to enhance its market value. For instance:
- T2: increases sale value by an average of 26.3%;
- T3 and T4: can appreciate up to 33.6%.
These figures show a high return on investment, particularly in urban areas with greater desire.
2. Energy Efficiency and Sustainability
Energy efficiency improvements are also a decisive factor. Installing efficient windows, solar panels, or improving insulation can help homes achieve A or A+ energy ratings, which are increasingly valued by buyers. Energy savings and sustainability are now top priorities in the market.
3. Renovation as an Alternative to New Construction
Beyond new construction, renovations offer a viable solution to modernize the residential properties. Older properties in good condition attract families and investors alike, while also improving the quality of life.
Conclusion
Renovating an older home is worthwhile, both to increase its market value and to improve energy efficiency. For homeowners and investors, it represents an opportunity for value appreciation while contributing to a more sustainable real estate market.
For investment, Portugal offers countless homes waiting for a new life!
Whether it’s to create a dream home or transform the property in hotspot, these properties await a visionary investor.. At Lunamer Real Estate, we have the best opportunities and solutions to maximize your investment. Take the first step and contact us today!
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lunamer.imobiliaria@gmail.com
+33 677 502 678 (FR)
+351 933 256 067 (PT)*
