Restoration of a property can boost its resale value in several ways:
Improving curb appeal: Restoration work such as repainting the exterior, replacing the roof, or fixing the landscaping can improve the property's appearance, making it more attractive to potential buyers.
Updating the property: Restoration work such as remodeling the kitchen or bathrooms, or replacing old appliances can make the property feel more modern and desirable.
Addressing necessary repairs: Restoration work such as fixing a leaky roof or replacing old plumbing and electrical systems can address necessary repairs that would be a concern for potential buyers.
Increasing energy efficiency: Restoration work such as adding insulation or replacing old windows can increase the energy efficiency of the property, which can be a selling point for buyers.
Enhancing functionality: Restoration work such as turning a basement or attic into a living space can enhance the functionality of the property, making it more valuable to buyers.
However, it's important to note that not all restoration work will result in a return on investment, and it's important to consider the cost of the restoration work versus the potential increase in value of the property.