The work to be carried out in a luxury apartment to make a capital gain depends on the current condition of the apartment and the preferences of the local real estate market. However, here are some general ideas that can help increase the value of a luxury apartment:
Kitchen and bathroom modernization: The kitchen and bathroom are often the most important rooms in the apartment. By renovating these spaces with premium materials, high-end equipment and modern design, it can attract the attention of potential buyers and increase the value of the apartment.
Updating flooring and finishes: Hardwood, marble or stone flooring is often popular in luxury apartments. By replacing aging flooring or installing high-end finishes, it can improve the appearance of the apartment and increase its value.
Home Automation: Luxury buyers are often interested in smart homes. Installing home automation systems to control lighting, heating, air conditioning, security systems, blinds and curtains can make the apartment more attractive and improve its value.
Rearrangement of living spaces: If the apartment is poorly arranged or lacks storage space, it may be interesting to rearrange the living spaces to make them more functional. Adding built-in shelving, custom closets and creative storage systems can improve the functionality of the apartment and increase its value.
Improved views and natural lighting: Luxury apartments often offer great city or nature views. If the apartment does not have spectacular views, it may be worth changing the windows or adding skylights to improve natural lighting and views.
These suggestions are just general ideas, and it is important to work with a real estate professional and qualified contractors to determine what work can maximize the value of your luxury apartment.
Increase the living space of the apartment
Increasing the living space of a luxury apartment can also help increase its value. Here are some ideas to expand the space:
Combining Units: If the apartment has two adjacent units, you may consider combining them to create a larger, more functional living space. This may require significant work, but it can pay off in the long run.
Extension of the terrace: If the apartment has a terrace or balcony, you can consider extending it by removing part of the partition that separates it from the adjacent room. This can create a more spacious and integrated outdoor space inside the apartment.
Conversion of unused space: If the apartment has an attic, cellar or storage space under the stairs, you can consider converting them into an extra room. This may require adding access, lighting and ventilation, but it can be a cost-effective way to add habitable space.
Adding a mezzanine: If the ceiling height of the apartment is sufficient, you can consider adding a mezzanine to create an additional room. This can be particularly useful if you need additional desk space or storage.
These ideas can require significant work and careful planning, so it is important to work with qualified professionals to ensure the work is carried out safely and in accordance with building standards.
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