Photo Home renovation

Do you need to do any work before selling your property?

Selling a property in Belgium is a process that requires careful preparation, and one of the most crucial aspects of this preparation is the completion of work. This is because a well-maintained and renovated property can not only attract more potential buyers, but also sell for a higher price. In a competitive real estate market, where buyers have many options, it is essential to stand out.

The work done before the sale can make all the difference between a quick sale and a property that sits on the market for months. In addition, the work can also help improve the energy efficiency of the property, which has become an increasingly important criterion for buyers. In Belgium, where environmental concerns are on the rise, an energy-efficient home can appeal to a clientele concerned about its carbon footprint.

So, investing in pre-sale work is not only a matter of aesthetics, but also a smart strategy to meet the expectations of modern buyers.

Summary

  • Before selling your property in Belgium, it is important to carry out work to increase its value and attractiveness on the market.
  • The types of work to consider before the sale include kitchen and bathroom renovation, structural defect repair, painting and energy renovation.
  • Carrying out work before the sale can lead to a better sale price and reduce the selling time, which is a financial advantage for the seller.
  • Before carrying out any work, it is necessary to carry out certain administrative procedures such as obtaining the necessary authorisations from the competent authorities.
  • When carrying out work before the sale, it is important to avoid mistakes such as overinvestment, choosing unprofitable work or neglecting finishes.
  • To choose the work to be carried out before the sale, it is essential to take into account criteria such as the current condition of the property, the trends in the real estate market and the needs of potential buyers.
  • To carry out work before the sale, it is recommended to contact qualified professionals such as architects, contractors and specialized craftsmen.
  • Trends in the Belgian real estate market show that renovated properties in good condition sell faster and at a higher price, which underlines the positive impact of the work on the sale.

Types of work to consider before putting your property up for sale

Before putting a property on the market, it is essential to evaluate the types of work that could increase its value. Among the most common works is the renovation of the kitchen and bathroom. These two pieces are often considered the most important by potential buyers.

A modern kitchen with recent appliances and quality finishes can transform the appeal of a property. Similarly, a bathroom renovated with contemporary materials can give a sense of luxury and comfort. In addition, it is also a good idea to consider exterior improvement work.

The first impression counts a lot in real estate. Work such as refreshing the exterior paint, maintaining the garden or even creating a terrace can enhance the visual appeal of the property. Buyers are often influenced by the exterior appearance of a property, and investing in these aspects can pay off during viewings.

The financial advantages of carrying out work before the sale

Carrying out work before the sale of a property can have significant financial benefits. First of all, a renovated property can sell for a higher price compared to a similar property that has not been maintained. According to some studies, homeowners who invest in renovations can expect a return on investment of up to 150% in some cases.

This means that an initial investment in work can result in a substantial increase in the sale price. In addition, by improving the overall condition of the property, owners can also reduce the time spent on the market. A property that is attractive and in good condition tends to attract interest from buyers more quickly, which can reduce the costs involved in selling, such as agency fees and charges related to the property during the selling period.

In short, the work done before the sale is not just an expense, but a strategic investment that can generate long-term profits.

Administrative procedures to be carried out before carrying out work

Before starting work on a property in Belgium, it is crucial to comply with the administrative requirements in force. The first step is often to check whether the planned work requires a planning permit. In Belgium, some renovations, especially those affecting the structure of the building or its external appearance, may be subject to strict regulations.

It is therefore recommended to consult the municipality's urban planning department for precise information on the steps to follow. In addition, it is also important to ensure that the work complies with the current safety and construction standards. This includes compliance with energy standards, which have become particularly stringent in the context of the energy transition.

Owners should also be aware of the obligations related to accessibility for people with reduced mobility, especially if the property is intended for a wide audience. By neglecting these administrative procedures, owners risk not only fines, but also complications during the sale.

Mistakes to avoid when carrying out work before the sale

When it comes to carrying out work before the sale of a property, some mistakes can have disastrous consequences. One of the most common mistakes is to overlook the importance of a good plan. Before starting any renovations, it is essential to establish a realistic budget and a precise schedule.

Unexpected expenses can quickly drive up the total cost of the work and reduce the expected return on investment. Another common mistake is to overestimate the impact of the work on the value of the property. Not all work is equal in terms of return on investment.

For example, investing heavily in a pool may not make sense in some areas where this type of equipment is not sought after by potential buyers. It is therefore crucial to carry out a prior market study to determine what types of renovations are actually valued in the local real estate sector.

Criteria to take into account when choosing the work to be carried out

Choosing the right work to be carried out before the sale requires careful consideration of several key criteria. First, it is essential to assess the current condition of the property and identify areas that require attention. For example, if the roof shows signs of wear or the plumbing is outdated, these issues should be prioritized before considering cosmetic improvements.

Then, it is also necessary to take into account the profile of potential buyers in the region. If the target market is mostly young couples looking for their first home, investing in a modern, functional kitchen might make more sense than upgrading a playroom or home office. Understanding the needs and desires of the local market allows homeowners to maximize the impact of their investments in the work.

Professionals to contact to carry out work before the sale

To ensure that the work done before the sale is carried out correctly and efficiently, it is often necessary to call in qualified professionals. Depending on the extent of the renovations envisaged, this may include architects, general contractors or specialized craftsmen such as plumbers or electricians. Working with experienced professionals not only ensures the quality of the work performed, but also complies with current standards.

It is also advisable to ask for several quotes before choosing a professional to ensure that the price offered is competitive and that the service offered meets the expectations of the owner. Additionally, it can be helpful to look at reviews from past clients to assess the reputation and reliability of the chosen professional. Good communication with these experts is essential to ensure that the project stays on budget and on schedule.

Trends in the Belgian real estate market and the impact of the work on the sale

The Belgian real estate market has undergone several developments in recent years, influenced by various economic and social factors. One of the striking trends is the focus on energy efficiency and sustainability. Buyers are now more inclined to invest in properties that meet high energy standards and incorporate eco-friendly solutions such as thermal insulation or the use of renewable energy.

In this context, carrying out work to improve the energy efficiency of a property can not only increase its market value but also attract a wider audience. For example, the installation of solar panels or the replacement of windows with high-energy performance models can be major assets when putting them up for sale. By taking into account the current trends in the Belgian real estate market and adapting the work accordingly, owners can maximize their chances of selling quickly and at a good price.

FAQs

What are the advantages of doing work before selling your property in Belgium?

Pre-sale work can increase its market value, attract more potential buyers, and reduce the time it takes to sell the property.

What types of work are the most profitable before selling your property in Belgium?

Light renovation work, such as painting, deep cleaning, repairing small defects and improving the overall presentation of the property, is often the most cost-effective before selling a property in Belgium.

Are there any tax incentives for work before the sale of a property in Belgium?

In Belgium, there are tax incentives for certain types of renovation work, but they are usually intended for owner-occupiers. However, sellers can benefit from a reduction in the taxable capital gain if renovation work has been carried out in the five years preceding the sale.

What are the risks of not doing any work before selling your property in Belgium?

Failing to carry out work before the sale of a property in Belgium can lead to a lower sale value, a longer sales process and increased competition in the real estate market.

When should you consider not doing any work before selling your property in Belgium?

It may be wise not to carry out any work before selling your property in Belgium if the cost of the work exceeds the potential added value for sale, if the real estate market is very favourable to sellers or if the property is sold as is.