Renovations That Add Value Making Smart Upgrades to Your Home

Oct 19, 2023

Renovations That Add Value Making Smart Upgrades to Your Home

We all dream of that house that we’ll turn into a home, it’s not only a place to live in but also to create memories of beautiful events. And in return, such projects could turn into long-term investments. Moreover, when it comes to increasing the property's value, it is advised to make smart and effective choices for renovation which will bring a significant impact if we choose to rent out or even sell the property. Such changes will offer the highest return, and empower homeowners to enhance their properties.

What is considered the heart of the home? It’s the kitchen. For this reason, you can start there by renovating the countertops, changing cabinets, and especially upgrading the appliances as old appliances can turn off potential buyers, choose energy-efficient models that will definitely make your kitchen more appealing and add value to your home overall. You can also consider an open floor plan if the space allows. A fully equipped kitchen is much more inviting than one with very basic appliances.

Moving on to the bathrooms, homeowners can replace old tiles, install a new bathtub and possibly a shower cubical specially in the master bedroom if the house contains multiple bedroom units. Adding extra bathroom near the living area and a washroom close to the dining area will certainly boost the home’s value. Creating modern bathrooms and upgrading the fixtures are definitely a major selling point.

As we all know, home entrance will surely leave a first impression. So, if the house has its own entryway, adding seasonal flowers and greenery will appease potential clients. If the exterior allows, painting it would add freshness and it is more inviting; it stands out in the real estate market.

When the front of the house is attractive, one would wonder what the backyard or the balconies look like! Outdoor living spaces are becoming popular, a homeowner can use such spaces for relaxing or even entertaining their guests. Quality materials and proper construction are essential to ensure durability and safety.

With the recent unfortunate event of the economic crisis in Lebanon, electricity and water supply have been greatly affected. Many residential and commercial spaces have chosen to switch from government provided power to installing solar panels. By installing such energy-efficient method, utility bills have been reduced. It helps also that Lebanon is located at the Mediterranean coast, which means we get around 300 sunny days per day with over 8-9 hours daily sunshine. It’s a game changer and offers long-term savings, in addition to increase of the house’s value.

With such energy-efficient improvements, one can invest in smart home technology that make the property more appealing to acute buyers. Like installing smart HVAC, security system, light control, or even a complete home automation system. Such upgrades will increase the sense of security for future buyers.

What would eventually seal the deal, is when the buyer feels at home. The interior of the house will append warmth if an ambience is created like repainting the walls, polishing the hardwood floors, and updating light fixtures. Giving a fresh look while maintaining a modern style.

Renovating the house will surely increase its value. A well-planned renovation will certainly enhance the living experience and provide a proper return on investment when it comes to selling, keeping in mind on planning a proper budget that aligns with the real estate market. And make no mistake, such projects can be applied on rural or old-town houses, while preserving their identity while in return keeping them up to date.

A considerate design of plans and a skilled execution of renovations will ultimately turn the house into a valuable asset.

The Benefits to Living in Hamra

The Benefits to Living in Hamra Furnished Studios for Rent in Beirut Strategically located within Beirut's urban fabric, Hamra thrives as a vibrant hub for students and professionals. Its proximity to esteemed institutions of higher learning, such as the American University of Beirut (AUB) and the Lebanese American University (LAU), fosters a dynamic and intellectually stimulating environment. Residing near these academic centers offers a multitude of advantages, making Hamra a highly desirable location for those seeking a convenient and enriching urban experience. Residing near a prestigious university confers a multitude of advantages upon both students and professionals. The convenience of a short commute to classes, libraries, and laboratories translates to increased time for academic pursuits, research endeavors, and extracurricular activities. Students benefit from enhanced opportunities for collaboration and the formation of study groups, fostering a supportive and intellectually stimulating learning environment.   Furthermore, proximity to a university campus allows residents to immerse themselves in a vibrant student life, replete with diverse clubs, organizations, and opportunities for cultural exchange.   For professionals, the geographic proximity to faculty and industry experts unlocks doors to valuable networking opportunities, access to university-organized events and seminars, and the potential for participation in internships and research collaborations. These advantages, coupled with the strong investment potential due to high rental demand from the student population, solidify the appeal of living near a university. Hamra strategically positions itself as the ideal neighborhood for residents seeking a dynamic and convenient lifestyle within proximity to esteemed universities like AUB and LAU. Its advantageous location grants residents the ability to seamlessly navigate between the academic and social spheres. Effortless pedestrian commutes to campus facilities are complemented by a bustling atmosphere brimming with student life and cultural offerings. Hamra's energetic streetscapes are populated with cafes, bookstores, and designated student common areas, further encouraging a collaborative and intellectually stimulating environment.   Moreover, the neighborhood prioritizes safety and security, ensuring residents can pursue their academic endeavors and immerse themselves in the vibrant atmosphere with unwavering peace of mind. In conclusion, Hamra emerges as a highly attractive proposition for students, professionals, and investors. Its strategic proximity to AUB and LAU translates to unparalleled convenience, exposure to a vibrant student life, and a demonstrably safe and secure environment.   Whether your preference leans towards a long-term investment through buying a house in Hamra, or renting an apartment in Hamra, Hamra promises a seamless integration of academic pursuits with a dynamic and culturally rich lifestyle. If you're seeking to immerse yourself in the vibrant energy and academic advantages that Hamra offers, consider exploring the possibilities of purchasing or renting in this dynamic neighborhood.  Whether you're a student seeking a convenient and intellectually stimulating environment, a professional seeking valuable connection, or an investor looking for a promising opportunity, Hamra caters to a diverse range of residents.  To ensure a smooth and successful journey in finding your perfect home within Beirut's academic and cultural hub, we recommend connecting with experienced local agencies to guide you through the process and help you make informed decisions.

Short-Term vs Long-Term Vacation Rental: Which is Better to Choose in Beirut in 2024

Short-Term vs Long-Term Vacation Rental: Which is Better to Choose in Beirut in 2024 The debate between short-term and long-term vacation rentals is a hot topic among property owners in Beirut. While short-term rentals were once limited to hotels, platforms like Airbnb have expanded the market, allowing property owners to rent out their spaces for shorter periods. But what exactly are the differences between these two options, and which is more convenient for property owners in Beirut? Short-Term Vacation Rentals in Beirut Short-term rentals typically last for a few days or weeks, although they can be as short as a single night. These rentals can be arranged directly with the property owner or through online platforms. However, short-term rentals have raised concerns in Beirut, particularly in areas with high levels of tourism. One of the main issues with short-term rentals in Beirut is that they can lead to a decrease in available long-term rental housing. Property owners may find it more profitable to rent their properties to tourists on a short-term basis, which can drive up rental prices and limit housing options for locals. Additionally, short-term rentals can sometimes cause disruptions in residential neighborhoods, as tourists may behave differently than long-term residents, leading to noise and increased traffic. Short-term rentals can also pose challenges for the local hotel industry in Beirut, as they often offer lower prices and more flexible accommodation options. This can result in unfair competition and job losses in the hospitality sector. Moreover, regulating short-term rentals can be difficult for the city, leading to issues with safety regulations, zoning restrictions, and taxes. This lack of regulation can create a lack of accountability and potential safety risks for guests. To address these issues, the city of Beirut has implemented regulations to level the playing field between short-term rentals and hotels. These regulations may include requiring permits, designating specific areas for short-term rentals, imposing local taxes, collaborating with rental platforms, and enforcing penalties for violations. The goal is to balance the benefits of tourism with the availability and affordability of long-term housing for residents. Long-Term Vacation Rentals in Beirut Long-term rentals typically last for six months or more, with some agreements extending to one year or multiple years. These rentals are usually arranged directly between the tenant and the landlord, and they offer stability and consistency for both parties. Long-term rentals can include residential properties, commercial spaces, vehicles, and equipment. One advantage of long-term rentals in Beirut is the stability they provide. Landlords can carefully select tenants and expect consistent rental income. Managing long-term rentals is also simpler, as landlords only need to handle rent payments and basic upkeep. Additionally, long-term rentals offer the opportunity to benefit from local pricing changes, and landlords have fewer legal responsibilities compared to short-term rentals. However, long-term rentals in Beirut do have their disadvantages. Landlords may face challenges if a tenant becomes problematic or if they need to evict them. Long-term rentals also generate lower rental income compared to short-term rentals. Additionally, landlords have a greater responsibility to provide a suitable living environment for long-term tenants. Which is Better to Choose in Beirut in 2024? When deciding between short-term and long-term vacation rentals in Beirut in 2024, property owners should consider their location, property quality, pricing strategy, and management capabilities. Short-term rentals offer a wide selection of properties, free listings, flexibility in pricing, and potential for high income. However, they require more administrative and maintenance costs. Long-term rentals provide stability, simplicity in management, and the opportunity for long-term relationships with tenants. However, they have lower rental income and fewer opportunities for pricing adjustments. Ultimately, the choice between short-term and long-term vacation rentals in Beirut depends on individual circumstances and goals. Property owners should carefully evaluate their options and consider seeking professional advice to make an informed decision.

The comprehensive guide for investing in real estate in Beirut

The comprehensive guide for investing in real estate in Beirut Real estate investors from all over the world have been flocking to Beirut , the capital city of Lebanon, because of the city's lively and dynamic atmosphere. Beirut is a metropolis that has been drawing investors. A vibrant hub for commerce, tourism, and real estate investment, Beirut has been able to achieve this status as a result of its extensive history, diversified culture, and strategic position. An Examination of the Real Estate Market in Beirut: The city of Beirut has seen significant changes during its entire history. Beirut has witnessed a tremendous metamorphosis, transforming from the ruins of a civil war that lasted from 1975 to 1990 into a bustling and cosmopolitan metropolis. This development has occurred throughout the centuries.  The city currently exhibits a mesmerizing combination of historical attraction and contemporary attractiveness, which is a sight to behold. In recent years, the real estate market in Beirut has witnessed a substantial boom, which has resulted in the birth of a large number of new buildings and projects all across the city. Possibilities for financial investment in Beirut: The city of Beirut is a desirable location for real estate investment due to the great potential for high returns on investment because of its location. In comparison to the pricing of real estate in other major cities in the area, Beirut's prices are more inexpensive, despite the fact that there is a significant demand for real estate in the city. There are several different types of investment options available in Beirut, including residential homes, commercial buildings , and land development . Real estate that is primarily residential: The residential real estate market in Beirut has a diverse selection of homes that may accommodate a wide range of preferences and levels of financial resources. Beirut has a comprehensive selection of housing alternatives, making it possible to satisfy a wide variety of preferences and inclinations. Whether you are seeking a classic house in a historic neighborhood or a magnificent apartment in a high-rise structure, you will be able to discover something in this bustling city that is suitable for your requirements. A number of the residential neighborhoods of Beirut, including Achrafieh, Hamra, and Verdun, are among the most sought after. Commercially viable real estate properties: In addition to having a thriving economy that attracts investors from all over the world, Beirut is well-known for its robust commercial and commerce environment. The commercial real estate market in Beirut provides a diverse selection of properties to meet the requirements of a wide range of businesses because of its versatility.  For those interested in commercial real estate, Beirut offers a diverse selection of alternatives, ranging from office spaces in contemporary buildings to retail spaces in bustling shopping areas. The city's strong corporate climate makes it an appealing location for investors who are wanting to profit on the city's economic growth. Lands: Those investors who are oriented toward a long-term perspective will find that investing in land in Beirut is a lucrative prospect. As a result of the current state of the market in Beirut, it is projected that the value of land will see a major increase in the not too distant future. Due to the fact that Beirut is home to a number of different districts that are now undergoing growth, the city is an excellent option for investors who are looking to capitalize on the proliferation of the city. Questions That Are Frequently Asked: Regarding real estate investment, which neighborhoods in Beirut are now drawing the most attention from potential buyers? Achrafieh, Hamra, and Verdun are now the most sought-after neighborhoods in Beirut for real estate investment, according to the patterns that have been seen in the market. Can you tell me about the availability of reasonably priced real estate in Beirut? To answer your question, yes, there are a great number of reasonably priced houses available in Beirut, notably in the suburbs and the districts around the main metropolis. Given the current situation of the real estate market in Beirut, what is the probable return on investment? There is a large potential for return on investment in the real estate market in Beirut, particularly for investors that have a long-term view on the situation. In conclusion, the real estate market in Beirut is a dynamic and compelling industry that offers potential investors a wide range of investment opportunities to choose from. The city of Beirut provides a comprehensive selection of alternatives, which include residential houses, commercial properties, and land, to meet the requirements and interests of a wide spectrum of individuals. Real estate investors from all over the world have been flocking to Beirut, the capital city of Lebanon, because of the city's lively and dynamic atmosphere. Beirut is a metropolis that has been drawing investors. A vibrant hub for commerce, tourism, and real estate investment, Beirut has been able to achieve this status as a result of its extensive history, diversified culture, and strategic position.