Dubai’s real estate market is now worth billions of AED. As a homeowner, one of the best investments is villa renovation. Timely restoration not only boosts the house value but also prevents expensive repair costs in the time ahead.
In this article, Dubai Revive has listed 7 reasons why home renovation is a great investment. Moreover, you will learn about a few important considerations to maximize your investment returns. So, let’s dive in.
Top 7 Reasons For Investing In Villa Renovation
After considering these key points, you can start the renovation. Below, we have listed the top 7 reasons for investing in villa renovation and refurbishment.
- Boosts Estate Value
- Helps Avoid Costly Future Repairs
- Repurposes Your Space
- Modernizes Interior Decor
- Improves Well-Being
- Avoids Security Risks
- Preserves Villa For Generations
1. Boosts Estate Value
In Dubai’s real estate market, properties with all the latest updates fetch the highest evaluation. For example, for houses with a renovated kitchen, selling costs increase by 4 percent. So if you plan to sell the house, consider renovating it beforehand.
You can install solar panels and energy-saving fixtures to save on utility costs. By hiring villa renovation partners, you can go for premium flooring solutions, window coverings, and furniture upholstery to create a vibrant and lively atmosphere.
2. Helps Avoid Costly Future Repairs
It is important to address the repairs promptly. Otherwise, it would cost you multifolds to fix the house. House maintenance is a necessary step to get your investment returns.
Make your house floodproof if you reside in a flood-risk neighborhood. Get any electrical or plumbing issues repaired right away. Install wall panels to avoid wall moisturization, mold growth, soaking, and more. Check for water damage or termite issues as well. As these things can bring down your property’s value, you need to address them as early as possible.
3. Repurposes Your Space
Renovation is a great way to increase storage space. If you want space for a growing family, renovation is the answer. It is also a great solution if you want to rent your place or convert it into an office. Repurposing homes often requires structural changes. It is too risky and complicated to do it by yourself. Consider contacting builders for help.
4. Modernizes Interior Decor
If you want to change the old homeowner’s design or are simply bored with your house decor, go for redesigning the house. Consider changing the layout, removing the existing items, or installing the new ones. You can get a kitchen island or a new bathtub. New furniture, lighting, and curtains in Dubai.
We recommend you get help from interior designers for a house makeover. Investors will love your new interior design even more. And your villa’s value will likely increase.
5. Improves Well-Being
Your villa can offer comfort and warmth. But if your house has mold, it can instead give you health problems. If the villa has heating or ventilation issues, it also will affect your daily life. Keep these issues in mind when going for a villa renovation. Prolonging can increase health and safety risks.
6. Avoids Security Risks
The security of a villa must never be compromised. When redesigning, get the latest security systems. Have new security alarms and CCTV cameras installed. Get a fire alarm to avoid any hazards. Replace old locks or get a biometric door lock. Lastly, you should install exterior lights and motorized window blinds for enhanced safety.
7. Preserves Villa For Generations
Most homeowners want their families to live in their house for generations. If you want your villa to remain the same for decades, you need regular maintenance. Go for regular updating of certain accessories, furniture upholstery, and wallpapers. If you notice water leakage, fix it before further damage. Get your house evaluated for mold and asbestos. This way you can maintain your house health and pass it down for generations.
Key Considerations Before Starting Villa Renovation
Before jumping into the villa renovation project, make sure your plan does not end in hurdles or violate any Dubai law. Here are 4 tips to help the renovation run smoothly.
- Get Approval From Authorities
From building a new unit in your house to reconstructing your bathroom, you need approval from the Dubai Municipality. You need to share the renovation map with the authorities. Be prepared to pay administrative costs. The approval can take up to a month. So plan your timeline accordingly.
- Set A Realistic Budget
Make sure to set a realistic budget to avoid any unexpected spending. Consider the cost of hiring contractors and the material cost for the budget. Also, keep a tally of administrative fees and NOC costs.
- Hire Professionals
You need to hire contractors to make any structural changes. Choosing professionals requires thorough research. Be ready to contact different companies, compare costs, and evaluate projects. After the selection is done, remember to apply for their entry permits.
- Consider Impact on Daily Life
Your day-to-day life would be impacted by ongoing construction. Consider how you are going to manage the everyday changes. If you work from home, plan how you are going to deal with the noise and dust.
Conclusion
To conclude, this article proved how villa renovation can be a smart investment idea. Moreover, it provided essential advice to help your remodeling project in Dubai run smoothly. You also learned about administrative costs and the approvals you need before starting your villa renovation. We hope this guide helped you finally start renovating your villa or apartment. If you have further questions, please visit Dubai Revive.
