Condos are more popular than ever, with people around the world purchasing condos as both a living space and a property investment. However, as with all forms of property, condos can become outdated as the years pass. Given their trendiness, condos even tend to age more quickly than other types of residential property. So, it’s vital to periodically engage in condo renovation to keep their value high!
Renovating your condo can be a great way to increase its livability and its market value. Here are some tips for how to get the most out of your re-investment.
Four Factors in A Highly Successful Condo Renovation
- Have a plan
Before you even start renovating, you should have a clear idea of both what you want to renovate and why you are renovating it. In particular, if you are renovating with an eye towards selling the property soon, focus on the areas which will be most impressive to would-be buyers: the kitchen, the master bedroom, and the baths.
Otherwise, let your own living experience guide your choices in renovation.
- Utilize vertical space
Because most condos have limited floor space, you want to maximize your use of the space around you in all three dimensions. For example, look for opportunities to hang fixtures from the ceiling, rather than having them on the ground. When appropriate, wall-to-ceiling furniture like shelves can also be a good investment. Large shelves like bookshelves can even double as a freestanding wall if you want to repartition the space.
- Investigate whether you can add or remove walls
In most condos, the walls separating rooms aren’t load-bearing. In theory, they could be knocked down or moved around – assuming the condo board and any other interested parties consent to it. It’s worth investigating because right now open floor plans are highly popular due to how spacious they can make a condo feel.
- Use a single cohesive design scheme
A house can get away with rooms done up in multiple styles, but not a condo. You should have a single vision for the look and feel of your condo which will be consistent across every room. Also, keeping to a single-color scheme contributes to helping the condo feel spacious.
Contact Genesis Construction
If you’re doing a condo renovation in Chicagoland, Genesis Construction is your trusted source for high-quality and professional contracting. Contact us for a quote on your renovation plans!
