Renovation raises home values by 58%

Renovation constitutes a decisive factor in increasing the resale value of a property, which is now also confirmed by numbers.

In its relevant analysis, online realty platform Protio points out that the value of a home increases by 58% on average after renovation, compared to a non-renovated property. This finding is based on a comparison of the sales prices achieved in individual areas after a renovation.

In this context, the areas with the greatest benefit from a renovation were identified, which is also calculated based on the individual characteristics of an area, as well as the overall condition of its housing stock. For example, in an area with a large number of renovated or modern constructions, it is obvious that a renovation will have a smaller impact on the price.

The same applies in an area where prices are generally low, or if the purchase cost is...