How Much Does a Renovation Increase a Property’s Value?

Renovating a property is not just about improving its appearance. In reality, it is one of the most effective actions for anyone looking to increase a property’s market value, whether for resale or investment purposes.

According to market data, the value of a property after a targeted renovation can increase by an average of up to 58%, while in certain areas especially those with high demand the increase can even exceed 100%.

Why Does Renovation Increase Property Value?

Modern buyers and investors are looking for properties that are:

-move in ready
-modern in design
-energy-efficient
-free from additional costs and delays

A renovated property meets these exact needs, making it significantly more attractive.

Added Value at Resale

Research shows that fully renovated homes can achieve a sales premium of up to 25.7% compared to similar non renovated properties in the same area.

For example, a property valued at €150,000 before renovation may, after completion, reach or even exceed €230,000, depending on:

-location
-quality of workmanship
-type and scope of the renovation

Conclusion

Renovation is not an expense, it is an investment.
With proper planning and professional guidance, it can transform a simple property into a high-value asset, offering significant benefits to both owners and investors.

At Progreece, we carefully consider all specifications and market conditions to ensure a smart and successful investment.

Source: HomeZ / Resolve Capital Greece