Apartment renovation in Boulogne-Billancourt offers advantages in real estate due to high rental demand and elevated rents near Paris. The city stands out in the Hauts-de-Seine department, within the Grand Paris metropolitan area in the Île-de-France region. Indeed, many developers choose this city in France every year. If you also want to invest here, know that its real estate market includes numerous apartments ripe for renovation, offering promising opportunities. Below are some tips to guide you towards success with old real estate projects in Boulogne-Billancourt.
Asking the Right Questions
Renovating an apartment is an ideal solution for renting it out at a good price in Boulogne-Billancourt, often referred to as the 21st arrondissement of Paris. To ensure your project goes smoothly, consider the following questions before starting the renovation:
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- – what type of renovation to undertake (partial or complete) ?
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- – how to organize the work process (start with heavy refurbishment and finish with the finishes) ?
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- – what budget to plan for (the amount depends on the type of renovation to be undertaken, the artisan to be hired, the materials to be used, the rooms to be renovated...) ?
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- – who are the professionals to contact (architect, plumber, a building company with all trades...) ?
Additionally, in major cities like Boulogne-Billancourt, every square meter counts. When undertaking a renovation project within a rental property, pay close attention to space utilization. This task often requires professional advice.
Taking Advantage of Opportunities in Older Properties to Renovate
Renovating older properties is more environmentally friendly as they emit fewer greenhouse gases. Boulogne-Billancourt's real estate market includes many older properties that promise excellent returns after renovation.
Apartment Renovation within a Building
Boulogne-Billancourt is the 2e business park in France, attracting professionals and young workers seeking housing close to their workplaces. Rental demand in Boulogne-Billancourt is continually growing, making it an attractive investment opportunity.
To reduce initial investment costs, renovating existing properties is a wise choice. Their purchase prices are relatively low compared to new properties, specifically around €9,374/m2. Additionally, due to its classification as an A Bis zone under the Pinel law, you can benefit from advantageous tax deductions based on the lease duration :
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- – a one-bedroom apartment: €207,000,
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- – a two-bedroom apartment: €315,000,
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- – a three-bedroom apartment: €560,000.
As for the cost of renovations, fear not! The 21st arrondissement of Paris is located in Zone A Bis according to the Pinel law. Therefore, you benefit from an advantageous tax deduction rate based on the duration of the lease.
Renovating Rooms in an Older House
A house consists of various rooms that can be converted into separate rental apartments. In the 21st arrondissement of Paris, there are several types of properties that can attract investors. These properties have affordable purchase prices that more than compensate for the cost of renovation work. Moreover, the rental income generated by these apartments justifies the investment, considering the rent prices in Boulogne-Billancourt, approximately €16.72/m2.
To find an older house to purchase and renovate, consult listings from local real estate agencies. In Boulogne-Billancourt, you might find:
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- – a 5-room house for €545,000,
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- – a 7-room house for €995,000.
For reference, purchasing rental units as a single block is cheaper than buying them separately.
Consider Renovating Key Areas of the Apartment
Naturally, an older apartment consists of several important rooms for daily life. To provide more comfort for future tenants, consider the following renovation work for your property in Boulogne-Billancourt.
Bathroom Refurbishment
Boulogne-Billancourt (Hauts-de-Seine) is an urban city in Grand Paris that is constantly evolving. The lifestyle here evolves with its population and housing. Therefore, renovating the interior spaces of your apartment is crucial to attract tenants quickly.
The bathroom holds a significant place in tenants' daily lives, offering them hygiene, comfort, and well-being. Hence, renovating the bathroom is essential. The renovation project may include painting, plumbing, tiling, and interior design.
Since the bathroom is a humid space, it requires more thorough maintenance. Therefore, it is advisable to use acrylic paint, as recommended by professionals. It withstands water, heat, and mold. However, glycerophthalic paint, while less prone to chipping, is not highly recommended by artisans. As for tiling, options include porcelain stoneware, faience, mosaic, or zellige. Additionally, faulty plumbing can lead to water distribution and wastewater evacuation issues, highlighting the importance of replacing piping.
To transform your bathroom into a remarkable space, it's essential to undertake renovation works. These consider the total area, lighting, decor, and furniture. As you can see, renovation projects demand precision and expertise. Therefore, it's crucial to entrust them to a comprehensive company (architect, plumber, electrician, etc.) specializing in interior refurbishment in the 21st arrondissement of Paris. Such a company provides expert advice and guidance as part of its services.
Kitchen Renovation
Among the cities in the Île-de-France region, Boulogne-Billancourt (Hauts-de-Seine) is the 2nd most populous city after Paris. The high demographic pressure makes it an ideal place for making a rental investment. However, tenants place great importance on the interior of the apartment, especially the kitchen. If it appears a bit outdated, it is important to plan for real estate renovation works.
Once again, similar to the bathroom, the kitchen renovation project involves painting, plumbing, space arrangement, and tiling. Regarding the latter, the cost of installation depends on the technique employed by the professional. In the 21st arrondissement of Paris (Hauts-de-Seine):
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- – Straight tile laying costs between €25 and €32/m2 ;
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- – Diagonal tile laying is priced between €27 and €41/m2 ;
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- – Herringbone tile laying ranges from €33 to €50/m².
Each renovation task in the kitchen requires creativity and skill. Therefore, it's best to delegate it to a company that collaborates with various building experts.
Don't Overlook Insulation Renovation
In Boulogne-Billancourt, the average temperature is 11oC throughout the year. Therefore, insulation plays a significant role in an apartment. This is an aspect to take seriously when you are about to embark on real estate renovation works.
To provide maximum thermal comfort to your tenants in the 21st arrondissement of Paris, consider one of these three methods:
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- – Insulation with metal framework,
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- – Insulation by glued doubling,
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- – Insulation with air gap.
Implementing any of these methods requires the services of a building company with a team of expert artisans.
Hiring a General Building Contractor for Apartment Renovation in Boulogne-Billancourt
Boulogne-Billancourt has everything needed to ensure the sustainability of rental real estate projects, including a dynamic economy. Additionally, renovating apartments yields significant returns when undertaken by a reputable building company.
Single-Point Contact Renovation
Renovating an apartment or a house involves various tasks such as plumbing, painting, electrical work, etc. Therefore, different craftsmen handle distinct tasks. You would seek the opinions and quotes of each of them separately and coordinate their services on the site. Opting to call a company with various trades simplifies matters, as you'll have only one point of contact for all the work. This option saves you considerable time, money, and energy.
Customized Quotes
Doing your own estimate for real estate renovation work is very risky. You may be faced with two possibilities: either you underestimate the cost or you overestimate it. Neither of these scenarios is beneficial for your project. Therefore, it is better to entrust the estimation of the quote to a professional.
A general building company will listen to your renovation expectations and provide a customized estimate for all the work. This estimate will consider your preferences for painting in the kitchen or bathroom, for example, as well as your budget.
To receive a customized quote, you need to understand the market and prices in your area. As a reference, a general building company will inform you that the cost of renovation depends on the property's condition. In Boulogne-Billancourt, renovation prices are, on average:
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- – from 700 € to 1,100 € including all taxes per square meter for an apartment or house in good condition ;
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- – from 1,500 € to over 2,000 € including all taxes per square meter for an apartment or house requiring heavy renovation with structural work ;
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- – between 250 € and 700 € including all taxes per square meter for a simple refreshment.
Obtaining a precise estimate of the project cost requires professional input.
Local Company
For renovation works in Boulogne-Billancourt (Hauts-de-Seine), it is advisable to engage a local building company. This choice allows you easy access to their headquarters in case of any issues, without having to travel long distances. Likewise, they can easily commute back and forth to the site as needed.
Quality and Insured Services
Typically, a comprehensive building company subscribes to a ten-year insurance policy. This covers defects and damages related to renovation works over a period of 10 years. It assures you of the quality of the delivered project and compliance with standards, Technical Documents for Execution (DTU), and current regulations. Additionally, the company provides personalized support from the beginning of the project until handing over the keys. This demonstrates their commitment to delivering high-quality services.
Choosing the Right Building Company in Boulogne-Billancourt
Located on the outskirts of Paris, Boulogne-Billancourt attracts businesses, employees, and new residents. Additionally, real estate renovation is a wise investment choice here. However, ensure you choose the right company to handle the work.
Consider Experience
In Boulogne-Billancourt (Île-de-France region), numerous building companies offer a variety of services to attract clients. Some offer premium services, while others provide competitive quotes. The question then arises: how do you choose the right company? The answer lies in the company's years of experience.
A renovation company established in Boulogne-Billancourt for a long time has built its own reputation and image to maintain. It excels with each project entrusted by its clients, continuously improving its services over time to better satisfy them.
Compare at Least 3 Quotes
In the Île-de-France region, specifically in Boulogne-Billancourt, the 2nd method to find the best real estate renovation company is to compare three quotes. By doing so, you'll find the right company that offers services in line with your budget and expectations.
During your comparison, consider the cost of the work and the services offered by the companies. Also, pay attention to details (materials used for bathroom or kitchen renovation, for example) and whether it's a company specializing in all building trades or not.
Consider Client Reviews
You wouldn't hire a real estate renovation company without experience or with a poor reputation. Therefore, consult client reviews posted on the professional's website to learn more about the types of services offered and the satisfaction level of previous clients.
You won't just find customer reviews on renovation company websites. You can also conduct your research on their pages or on social media platforms. It's also possible to directly ask each company for client references.
After analyzing the details of your Boulogne-Billancourt apartment renovation project, contact the company that will carry out the work! Better yet, contact us, and we guarantee the project will be completed on time and to a high standard.
Maximize your Boulogne-Billancourt apartment renovation with our architects !
In conclusion, apartment renovation in Boulogne-Billancourt offers an exceptional opportunity for all property owners. Are you looking to enhance the value of your property in this dynamic commune in the Hauts-de-Seine? Do you want to maximize your real estate investment? The best way to achieve this is by working with experts. Our architects are here to collaborate closely with you, with a singular goal: the success of your project.
Located near Paris, Boulogne-Billancourt boasts undeniable appeal for investors and residents alike. It's the perfect place for those seeking a blend of urban living and quality of life. Note that renovation works allow for the modernization and beautification of existing apartments. Our team will tailor them to contemporary needs and requirements. Furthermore, proximity to cities like Paris and Saint Cloud provides privileged access to a wide range of services and cultural and recreational activities!
Renovating an apartment in Boulogne Billancourt is, therefore, a wise investment for property owners aiming to combine comfort, aesthetics, and asset value. So, contact us now! We at Reno will make you a satisfied investor through your apartment renovation project in Boulogne-Billancourt!
In summary, apartment renovation in Boulogne-Billancourt is a rewarding endeavor full of potential for property owners seeking to blend comfort, aesthetics, and heritage value. Therefore, contact us now! Reno will ensure your satisfaction as an investor through your apartment renovation project in Boulogne-Billancourt.
