Real Estate

How to Make the Most of Your Property? Enhancing or Selling Your Real Estate Asset

Selling a house, apartment or plot of land is never an easy decision. Alternatives exist, including renovation or redevelopment through the construction of new housing. When faced with such a decision, it is essential to ask the right questions and seek advice from experts who can help guide you.

Renovation and Real Estate Development

When a property owner is considering enhancing the value of a property or a plot of land, several options are available.

The first is to renovate the existing building. This option can be attractive because renovation work may qualify for tax deductions. A renovated property generally gains in value and can, in the best-case scenario, generate a capital gain when sold later on.

However, the scale of the required renovations should not be underestimated. For an ageing or outdated property, the costs involved are often significant and can be discouraging. In addition, it may be difficult to continue living in the property during the works due to the inconvenience caused by the renovation process.

For property owners, real estate development and the construction of new homes can also be an option worth considering. However, this is a major and long-term undertaking that can be difficult for a private individual to manage.

Coordinating the many stakeholders involved, including architects, construction companies and public authorities, is complex and requires a good understanding of the regulations in force. Furthermore, another challenge may arise: for owners living in their home, demolition can be particularly difficult, as they lose the use of their property until the new buildings are completed.

In such circumstances, selling the property may appear to be the simpler option from a practical perspective.

Selling Your Land or Property to an Expert

Residential real estate has experienced significant price growth in recent years, further reinforced by the pandemic and increasing interest in villas. Real estate transaction values have never been higher.

As a result, selling a property has become an attractive opportunity.

A recent study by Wüest Partner showed a 4% increase in prices for condominiums and single-family homes in the Canton of Vaud since the beginning of the year. As an example, the average price per square metre is currently around CHF 12,000 in Nyon and CHF 11,000 in Morges.

These trends are expected to strengthen further due to the increasing scarcity of building land within the canton.

A Trusted Partner for Your Real Estate Project

Since 2007, NewHome Services has positioned itself as a trusted partner for the acquisition of your house or apartment, as well as for your real estate development projects.

Its team possesses extensive expertise in both property sales and real estate development throughout the cantons of Vaud and Geneva, having completed more than 200 projects over the past 15 years.

If you would like personalised advice on how to enhance the value of your property or sell your real estate asset, we invite you to contact us today.

We will offer you a tailored approach designed to meet your specific needs.