{"id":7725,"date":"2023-04-05T13:28:03","date_gmt":"2023-04-05T12:28:03","guid":{"rendered":"https:\/\/reno.fr\/?p=7725"},"modified":"2024-03-28T15:42:07","modified_gmt":"2024-03-28T14:42:07","slug":"renovation-appartement","status":"publish","type":"post","link":"https:\/\/reno.fr\/en\/renovation-appartement\/","title":{"rendered":"Apartment Renovation: The 5 Questions to Ask Before Starting the Work!"},"content":{"rendered":"
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Renovating an apartment, whether it's a studio, a duplex loft, an old or family home, or simply refreshing the interior, offers numerous advantages. It's such a significant project that proper planning is essential. Restoring a house<\/a> often involves rethinking space organization, introducing a new decor, updating installations to meet standards, creating new rooms, renovating the kitchen and bathroom, and more. Such a transformation needs meticulous planning as it requires a certain budget. Every detail must be carefully considered, especially if the real estate investment is intended for rental purposes. Keep reading to learn more.<\/p>\n\n\n\n

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Renovating for Rent: Is it Profitable ?<\/h2>\n\n\n\n

To ensure a profitable rental real estate investment, improving and maintaining the property is necessary. It shouldn't appear outdated; rather, it should have an appealing look to prospective tenants. Renovation aims to add value to your property and increase its profitability. On one hand, the property becomes more attractive, allowing you to command higher rental rates. On the other hand, the transformation ensures that the property remains in good condition.<\/p>\n\n\n\n

Have you been fortunate enough to find an old apartment for your real estate investment? Opting for renovation can yield significant returns, provided you choose the right type of apartment. Regardless of the location chosen in France, studios always offer an attractive quality-to-price ratio. The entry cost is affordable, and rental demand remains high, especially in student cities like Paris. By renovating a studio, investors can achieve returns of up to 6%.<\/p>\n\n\n\n

Moreover, 2-room and 3-room apartments are also a good investment option. They are often occupied by roommates, young professionals, or families with children for years, minimizing the risk of vacancy. Additionally, you can envision a wide range of changes and decorations to appeal to tenants, thereby achieving returns of up to 5%.<\/p>\n\n\n\n

If your apartment is part of a condominium, it's subject to condominium regulations governing possible renovations. You can undertake renovation work as long as it does not affect common areas (building structure, plumbing, chimney, piping, etc.). Renovating a condominium is a profitable project because every expense contributes to enhancing the comfort of owners and adding value to the entire property. You can carry out bathroom or kitchen renovations, make the apartment handicap-accessible, perform interior insulation, paint and wallpaper, and install various floor coverings (carpets, parquet, linoleum).<\/p>\n\n\n\n

Different Types of Apartment Renovations: A Comprehensive Guide<\/h2>\n\n\n\n

Planning renovation work is key to the success of your apartment project, especially if you aim to enhance its rental potential. Here are the various types of renovation to consider.\u00a0<\/p>\n\n\n\n

Simple Renovation or Refreshment<\/h3>\n\n\n\n

Simple renovation involves refreshing a room, representing the lightest and least costly type of renovation. It includes tasks such as :<\/p>\n\n\n\n