Renovating a property in Calpe can significantly increase its value and make it more attractive to potential buyers or tenants. However, it is important to have a clear understanding of the costs involved and which renovations offer the best return on investment. In this article, we provide estimates for renovation costs in Calpe and recommend the most worthwhile renovations to add value to your property.
Renovation Costs in Calpe
Renovation costs in Calpe can vary depending on the size of the property, the quality of materials, the complexity of the work, and the location within the city. Below are approximate price ranges for full renovations in Calpe:
- 80 m² property: €80,000 – €120,000
- 90 m² property: €90,000 – €135,000
- 100 m² property: €100,000 – €150,000
These are approximate ranges, and actual costs may vary depending on factors such as material choices, complexity, and the specific area in Calpe. For a more precise quote, it’s advisable to consult with local professionals specializing in renovations, such as Velló Monfort Arquitectes, who can provide a personalized estimate here.
Worthwhile Renovations
Some renovations offer a higher return on investment than others. Here are the top renovations that can add significant value to your property in Calpe:
- Space Optimization: Redesigning the internal layout to improve functionality and the flow of spaces is one of the most value-adding renovations. This is a great option to maximize space utilization and can significantly increase the property’s value more details here.
- Kitchen and Bathroom Renovation: These areas are crucial when valuing a property. Modernizing the kitchen and bathrooms has a high return on investment, as these are spaces highly valued by buyers and tenants more information.
- Energy Efficiency Upgrades: Updating systems such as air conditioning, insulation, and windows not only reduces long-term costs but also increases the property’s appeal, especially for buyers interested in energy-efficient homes find more details here.
- Maximizing Views: In Calpe, maximizing sea or natural views can significantly increase the value of your property. Renovations that allow you to take advantage of these views, such as installing large windows or redistributing spaces, are highly valued.
- Upgrading Installations: Renovating the electrical, plumbing, and air conditioning systems improves both the safety and efficiency of the property, making it more attractive to tenants or buyers looking for modern, safe homes.
Additional Considerations
- The real estate market in Calpe has experienced a rise in prices in recent years. In July 2022, the price per square meter in the city was around €2,500, marking a significant increase from the previous year source.
- The most sought-after areas, such as Playa Arenal-Bol, can exceed €3,000/m², making these areas ideal for renovations that significantly increase the value of the property more info.
- Working with local architects and professionals specialized in renovations can optimize the process and ensure quality results. Consulting an expert such as Velló Monfort Arquitectes is a great option for executing successful renovations details here.
Conclusion
Although the cost of renovation in Calpe can be significant, a well-planned renovation can considerably increase the value of your property. It is essential to take into account both personal needs and potential return on investment when planning renovations. If you are considering buying or renovating a property in Calpe, make sure to work with qualified professionals to maximize results.
If you want to learn more about investment strategies, check out our guide on investing in luxury properties in Spain, best areas to live on the Costa Blanca, how much your house is worth and buying villas in Calpe for less than one million euros.