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Prices for new and used property are almost the same

The resumption of the real estate market is evident. Recent survey data assumes that industry sales are growing steadily. Another novelty is the equivalence of prices between the two most popular types of property categories. New and used.

Several factors influenced this conclusion, based on a FipeZap survey. Do you want to know more about the two types of properties and how the market presents optimal conditions for investments?

In this text you will learn:

-? The behaviors of both in recent years -? Price equivalence data -? How do market strategies influence the price

-? The ideal time for investments

Different Behaviors – The crisis of years ago reflects on the price of real estate today

Buying or selling real estate has become simpler over the years. According to perspectives from the Department of Economy and Statistics at Segovia – SP, between June 2018 and June 2019, there was a 176% increase in the total number of new homes sold.

This data alone illustrates the expectation for the rest of 2019. This recovery is a victory for the real estate sector, which, since 2008, has suffered from the price of houses and apartments. All thanks to the famous economic crisis that spread to various sectors of the national economy.

However, the behavior of the market has changed. If in 2008 the situation was chaotic, in 2014 the value per square meter of real estate began to take on a different pattern.

While the square meter of new properties became cheaper and cheaper, the square meter of used properties became a little more expensive. The result was that the price difference, which used to exist between these two categories of properties, has practically disappeared.

Market Data – How Prices Become Equivalent

All this behavior can be illustrated in data. According to a survey carried out by Group Zap itself – owner of the Zap and Viva Real estate advertising sites – the behavior of the properties was the opposite.

Between 2014 and 2019, the average value per square meter of used properties rose by approximately 12.2%. While the average square meter value of new properties – those sold directly by construction companies – remained down 20.2%.

To give you an idea, the average difference between the square meter of a new property and a used one, in 2014, was 33%. This equates to a price of 11,838 reais for the square meter of new property and 7,922 reais for the used one.

As early as 2019, this difference in the average price per square meter dropped to 6%. In other words, new property had its price per square meter reduced to 9,451 reais, while the square meter of used property rose to 8,888 reais.

All this, of course, taking into account the average prices charged in the first half of each year. This record, although exclusive to São Paulo, does not fail to reflect a trend for other urban centers.

Market Logistics – Sales inventory and different strategies

Market logistics and external factors are one of the decisive patterns for this change to take place in the real estate sector. This logic can be understood as targeting.

In the case of new projects, construction companies work with hundreds of properties. All are new, units designed to offer different types of patterns and concepts. A real estate market for the end customer to make their purchases.

Also, the sale frequency of construction companies is different compared to that of used property owners. Several sales take place at the same time, which brings these builders closer to economic trends.

In other words, if the demand for real estate falls, the number of real estate runs aground. If there are more apartments or houses than what they sell, prices fall. Already in used ones, usually the person’s stock is just the property he owns.

Therefore, the owner of a house simply does not lower the price because it is difficult to sell. Often the ad stays on for two or three years until the person who buys it appears. In many cases, the property owner still withdraws the product from the market.

The price difference between the two, precisely because of these market details, practically disappeared from 2014 to 2019. Today, whoever buys a used apartment or house may end up paying more than a new property. Even with similar characteristics, such as footage, location, rooms or parking spaces.

Time to invest! – Proper time to complete your plans

This is definitely a good time for investments. Of course, these investments should be based on your needs. Regardless of whether you purchase a used or new property.

The trend is for new properties to remain at lower prices for a while. Even with prices falling relatively quickly, it doesn’t mean they will now appreciate.

The same is true for used properties. The tendency is for them to be acquired for possible resale, which can represent a good deal. Second-hand prices are expected to recover faster due to “out of stock”.

The bottom line is: Home prices are low and there are plenty of options on the market, both new and used, at equivalent prices. Therefore, this is the perfect time to get back to investing in the sector or to resume the postponed plans for acquiring your dream property.

 

Pinterest decoration for your home or apartment

https://blog.aocubo.com/wp-content/uploads/2021/02/50407374_2451486881545998_4472343101658103808_o-1140x760.jpg

Who never dreamed of that very stylish and cool Pinterest decoration that is present in the images on this social network?

Pinterest is the most inspiring media that exists on the internet and, therefore, we were looking for information about the images of decorations for your home or apartment on the web.

We at Ao Cubo opened Pinterest and, like millions of users around the world, we were delighted with the decor ideas that are there. Check out the best inspirations here!

What is Pinterest decor?

When we say “Pinterest decoration”, we are referring to a style of decoration that appears in the images posted on the social photo network.

This means that when inspired by these images, the house or apartment becomes more Pinterest, more photographable, more inspiring, more modern, cooler and easier to be shared on the social network.

Therefore, we are going to show you the best inspiring images from this social network for you to influence yourself and decorate your home environments. Check it out below!

  1. Pallets in the decoration

Everything that is manual and transformed looks more inspiring and exciting. That’s why pallets in Pinterest decor are one of our tips for you.

The pallet is a wooden material, very versatile and able to leave a rustic touch in the decoration of any environment.

You can use pallets as a bed, sofa, in the garden, in the living room, among other rooms in your home.

https://i.pinimg.com/564x/c5/ce/79/c5ce7995098fdf2d79d64927aa000c68.jpg

  1. trestle table

The hype is now the trestle tables to compose office desks for home office, decor table for living room or dressing table for the bedroom.

The easel on the desk can help you store your office belongings to have more space, for example.

Easels are very useful as they can offer more space to compose the scene, as a rack for the room that can receive decorative objects or electronic devices.

https://i.pinimg.com/564x/c2/17/c3/c217c3183a6f50a099b63f2648383fb7.jpg

  1. different luminaire

Different and creative luminaires add a touch of humor and lightness to any room in your home.

There are several different and stylish light fixtures that will leave your home with a Pinterest decor.

In addition to being decorative objects that transform environments, they leave the lighting as you want: in low light and low intensity or with brighter light.

https://i.pinimg.com/564x/5b/db/7e/5bdb7eedcfb39ffe59b0519ae11d0e46.jpg

  1. hardwood floor

It’s impossible to talk about Pinterest decor without mentioning the hardwood flooring, which is part of many old houses and apartments, but which is now on the rise again.

If you want to change the floor of your home and want to make the decoration more retro, then the hardwood floor is a good option.

If you already have bats on the floor of your house, but want to make it more shiny and modern, then you can reform it with acrylic putty for wood, for example.

https://i.pinimg.com/564x/27/ab/7d/27ab7d233e240de18b682954bb99d318.jpg

  1. Acapulco Chair

The Acapulco chair is the darling of the moment! Created in the 50’s, this chair has an ergonomic and very comfortable design.

It has this name because it is inspired by the famous fabric lounge chairs of the Mexican coast.

This Acapulco chair can make your home even more stylish and with a very Pinterest decor.

https://i.pinimg.com/564x/8e/0e/f4/8e0ef4da9d3bedbec38e72581855e0a8.jpg

  1. Animal Print

The animal print comes and goes from time to time. This style has references to animals or animal skin and brings a bold proposal to the environment.

Some people imagine that it is almost impossible to use on an interior wall of the house because of a visual explosion in the beholder.

However, if used in the right place and in the right measure, then it is possible, yes, to have this style of Pinterest decor in your home.

https://i.pinimg.com/564x/f5/a9/28/f5a9285fc3e92899c1f596b6c5887582.jpg

  1. Graphite

From the street to your home! Graffiti took over the spaces in big cities and, now, it is invading the internal environments of houses and apartments.

This type of decoration gives a touch of modernity and creativity to the residential walls.

So, if you are looking for innovation and exclusivity, then choose a design that suits you and ask a professional graffiti in your home.

https://i.pinimg.com/564x/bc/ff/03/bcff03ca22c1be3787f29d5ccb2c1a3d.jpg

  1. metallic wefts

Metallic wefts are a success in Brazilian homes, after all, they are used to support plants, decorative items and organize personal objects.

Although many people do not know it, it is not an expensive object, it has a simple material, easy installation and low maintenance.

Therefore, a great Pinterest decoration object that can be used in your home.

Have you ever dreamed of decorating your home or apartment with that Pinterest decor, super stylish and cool from this social network? Then check out our suggestions!

  1. round mirror

The round mirror has become a decorating fad in many people’s homes lately.

After all, the object is versatile, easy to combine and can be used in any environment.

These round mirrors can be found with wood, plastic, glass and other material. Beautiful, modern, functional and practical!

https://i.pinimg.com/564x/3f/26/e3/3f26e36f4ec9d4ef95dc919b3f2e6c4b.jpg

  1. cactus in the decoration

Cacti are very Pinterest! In addition to decorating the environments, cacti are easy to care for and do not require a lot of work.

There are several varieties of cactuses and they come in all sizes, the smallest ones can be on table surfaces and the largest ones on the floor of the house.

They can occupy any environment: kitchen, bathroom, garden, terrace, living room and others.

https://i.pinimg.com/564x/c9/74/01/c9740195680d03e6a4d438faeeff68cc.jpg

How to make Pinterest decor at home?

If after seeing these 10 inspirations from the social network Pinterest you became interested in decorating your home with them, then listen to our advice:

  • Save these inspirations to copy.
  • Search the objects on the internet to compare if they are similar.
  • If it’s possible to do it yourself, then use DIY (Do It Yourself).
  • Don’t be frustrated if it doesn’t look identical to the images on Pinterest, as they are just inspirations and not copies.
  • After decorating your home, share your decor images on social media and tag us!

Did you like Pinterest decor ideas and are you going to make them in your home? So keep getting inspired here on our blog and see more tips on our social networks!

Pinterest decoration for your home or apartment

https://blog.aocubo.com/wp-content/uploads/2021/02/50407374_2451486881545998_4472343101658103808_o-1140x760.jpg

Who never dreamed of that very stylish and cool Pinterest decoration that is present in the images on this social network?

Pinterest is the most inspiring media that exists on the internet and, therefore, we were looking for information about the images of decorations for your home or apartment on the web.

We at Ao Cubo opened Pinterest and, like millions of users around the world, we were delighted with the decor ideas that are there. Check out the best inspirations here!

What is Pinterest decor?

When we say “Pinterest decoration”, we are referring to a style of decoration that appears in the images posted on the social photo network.

This means that when inspired by these images, the house or apartment becomes more Pinterest, more photographable, more inspiring, more modern, cooler and easier to be shared on the social network.

Therefore, we are going to show you the best inspiring images from this social network for you to influence yourself and decorate your home environments. Check it out below!

  1. Pallets in the decoration

Everything that is manual and transformed looks more inspiring and exciting. That’s why pallets in Pinterest decor are one of our tips for you.

The pallet is a wooden material, very versatile and able to leave a rustic touch in the decoration of any environment.

You can use pallets as a bed, sofa, in the garden, in the living room, among other rooms in your home.

https://i.pinimg.com/564x/c5/ce/79/c5ce7995098fdf2d79d64927aa000c68.jpg

  1. trestle table

The hype is now the trestle tables to compose office desks for home office, decor table for living room or dressing table for the bedroom.

The easel on the desk can help you store your office belongings to have more space, for example.

Easels are very useful as they can offer more space to compose the scene, as a rack for the room that can receive decorative objects or electronic devices.

https://i.pinimg.com/564x/c2/17/c3/c217c3183a6f50a099b63f2648383fb7.jpg

  1. different luminaire

Different and creative luminaires add a touch of humor and lightness to any room in your home.

There are several different and stylish light fixtures that will leave your home with a Pinterest decor.

In addition to being decorative objects that transform environments, they leave the lighting as you want: in low light and low intensity or with brighter light.

https://i.pinimg.com/564x/5b/db/7e/5bdb7eedcfb39ffe59b0519ae11d0e46.jpg

  1. hardwood floor

It’s impossible to talk about Pinterest decor without mentioning the hardwood flooring, which is part of many old houses and apartments, but which is now on the rise again.

If you want to change the floor of your home and want to make the decoration more retro, then the hardwood floor is a good option.

If you already have bats on the floor of your house, but want to make it more shiny and modern, then you can reform it with acrylic putty for wood, for example.

https://i.pinimg.com/564x/27/ab/7d/27ab7d233e240de18b682954bb99d318.jpg

  1. Acapulco Chair

The Acapulco chair is the darling of the moment! Created in the 50’s, this chair has an ergonomic and very comfortable design.

It has this name because it is inspired by the famous fabric lounge chairs of the Mexican coast.

This Acapulco chair can make your home even more stylish and with a very Pinterest decor.

https://i.pinimg.com/564x/8e/0e/f4/8e0ef4da9d3bedbec38e72581855e0a8.jpg

  1. Animal Print

The animal print comes and goes from time to time. This style has references to animals or animal skin and brings a bold proposal to the environment.

Some people imagine that it is almost impossible to use on an interior wall of the house because of a visual explosion in the beholder.

However, if used in the right place and in the right measure, then it is possible, yes, to have this style of Pinterest decor in your home.

https://i.pinimg.com/564x/f5/a9/28/f5a9285fc3e92899c1f596b6c5887582.jpg

  1. Graphite

From the street to your home! Graffiti took over the spaces in big cities and, now, it is invading the internal environments of houses and apartments.

This type of decoration gives a touch of modernity and creativity to the residential walls.

So, if you are looking for innovation and exclusivity, then choose a design that suits you and ask a professional graffiti in your home.

https://i.pinimg.com/564x/bc/ff/03/bcff03ca22c1be3787f29d5ccb2c1a3d.jpg

  1. metallic wefts

Metallic wefts are a success in Brazilian homes, after all, they are used to support plants, decorative items and organize personal objects.

Although many people do not know it, it is not an expensive object, it has a simple material, easy installation and low maintenance.

Therefore, a great Pinterest decoration object that can be used in your home.

Have you ever dreamed of decorating your home or apartment with that Pinterest decor, super stylish and cool from this social network? Then check out our suggestions!

  1. round mirror

The round mirror has become a decorating fad in many people’s homes lately.

After all, the object is versatile, easy to combine and can be used in any environment.

These round mirrors can be found with wood, plastic, glass and other material. Beautiful, modern, functional and practical!

https://i.pinimg.com/564x/3f/26/e3/3f26e36f4ec9d4ef95dc919b3f2e6c4b.jpg

  1. cactus in the decoration

Cacti are very Pinterest! In addition to decorating the environments, cacti are easy to care for and do not require a lot of work.

There are several varieties of cactuses and they come in all sizes, the smallest ones can be on table surfaces and the largest ones on the floor of the house.

They can occupy any environment: kitchen, bathroom, garden, terrace, living room and others.

https://i.pinimg.com/564x/c9/74/01/c9740195680d03e6a4d438faeeff68cc.jpg

How to make Pinterest decor at home?

If after seeing these 10 inspirations from the social network Pinterest you became interested in decorating your home with them, then listen to our advice:

  • Save these inspirations to copy.
  • Search the objects on the internet to compare if they are similar.
  • If it’s possible to do it yourself, then use DIY (Do It Yourself).
  • Don’t be frustrated if it doesn’t look identical to the images on Pinterest, as they are just inspirations and not copies.
  • After decorating your home, share your decor images on social media and tag us!

Did you like Pinterest decor ideas and are you going to make them in your home? So keep getting inspired here on our blog and see more tips on our social networks!

 

Myths and truths about buying real estate

Are you thinking of purchasing a property to call your own, however, you still have many questions about buying property? 

So know that you are not the only one. Like you, thousands of people also find themselves in this dilemma because they are not sure if this is a good investment or the best way to get their dream home.

In this post, you’ll have the chance to clarify everything about the subject and resolve once and for all the doubts that still prevent you from realizing your dream of home ownership.

That’s right! So, keep reading this post and check out some of the myths and truths we’ve gathered about buying real estate.

The purchase of finished properties is always better than on-plan properties – MYTH 

This is one of the most common myths about the subject. The advantage of ready-made properties is that they are already available for those who have a certain urgency, but on the other hand, they are more expensive.

The properties in the plant, in turn, are more suitable for those who have medium and long-term plans. After all, the person will have to wait a few years to have the keys in their hands.

This type of alternative tends to value 30% more than others. And the most interesting thing is that you can finance the entire amount, including the down payment!

In the case of finished properties, at least part of the money will have to be given when signing the contract.

Real estate with sustainable solutions can be purchased at a good cost-benefit ratio – TRUTH

Until a few years ago, thinking about sustainable real estate was synonymous with spending a lot of money. However, now the reality is different, it is already possible to find options with good value for money.

Purchasing sustainable properties has to be thought of as an investment. This is because, in the medium and long term, the economy generated is gigantic. For example, solar panels can generate up to 95% reduction in electricity costs.

Rainwater reuse systems or even energy solutions can also benefit your pocket and a lot in the future.

Therefore, it is worth putting it at the tip of your pencil and comparing the savings you will have for the rest of the time you are in the property, compared to the investment made for its acquisition.

All purchase contacts are practically the same – MYTH

Real estate contracts can vary depending on the type of property you are purchasing. That’s because they are prepared according to negotiations.

However, there are some elements that are mandatory in this type of document. And you need to know what this information is so that you don’t end up in trouble and even scams.

Finding the dream property is hard work – TRUTH

Finding the ideal property is laborious, but not impossible. The great complexity lies in two factors: the state of the property and the documentation.

If the property does not have all the documentation up to date, including payment of taxes, the purchase becomes more difficult. Especially if you want to fund it.

And the state can also be an issue. In addition to the possibility of you having headaches in the future due to hidden problems, many financial institutions do not release loans depending on the state of the property.

In general, on-plan properties and launches are often easier to buy and finance. This is because upon delivery, the property is newly built, so the structure will not be a problem.

And documentation in these cases usually doesn’t pose a problem. Mainly in relation to the properties in the plant, since it is already complete.

On-plan real estate is the most reliable option – MITO

Not necessarily. Just like the purchase of an already-built property, on-plan properties also pose risks.

That’s because, if you don’t thoroughly research the construction company’s history, you run the risk of ending up with a poorly built property or even not having it delivered.

Many people have been victims of companies that sold apartments and condominium houses and never delivered the properties. Another common problem is delays in property delivery.

To avoid this type of situation, it is essential to check the construction company’s history and make sure it is really trustworthy. And in this matter a realtor can be of great help.

This is because this professional knows more deeply who are the reliable companies in the market, and also knows what kind of issue to evaluate before making a decision regarding the purchase of real estate.

It is only possible to apply for credit when you already have a property in view – MYTH

Many people think that in order to purchase property in a financed way, it is necessary to already have an asset in view. However, this is a myth.

In fact, you can already file a credit application with the financial institution without any problem, even if you don’t have anything in sight. If everything is fine she will release a letter of credit.

This document is valid for three months, which is a good time to locate a property within the amount released, and thus, finalize the financing.

Real estate near transmission towers tend to be dangerous and less valued – TRUTH

Yes, depending on the distance from the residence to the tower, it can be dangerous. This is because the electromagnetic waves emitted by it are harmful to health. Not to mention the risk of falling if the equipment is not properly installed.

However, if the structure complies with the minimum distances determined by the responsible engineering team, there will be no such concern, since these professionals carry out a feasibility and safety study to insert the tower in a safe place.

Conclusion 

Purchasing a property is a very big and important step in the lives of many people. Therefore, before making this type of decision, it is important that you seek as much knowledge as possible on the subject.

Only then will you have more security and peace of mind, avoiding the emergence of headaches in the future and ensuring that your dream comes true.

 

Living in a house or apartment? Know the advantages and disadvantages

Choosing to live in a house or apartment is a very common question among people who want to buy a property. After all, the options in the real estate market are diverse and have different characteristics that appeal to all types of residents’ profiles.

So, to help you choose between house and apartment, we’ve selected the pros and cons of each option. Check it out below!

After all, living in a house or apartment?

Have you ever thought about living in a house or apartment? Which option seems to suit you when thinking about the possibility of being able to rent or buy a property?

Many people do not analyze the specific features of each option and regret it after buying.

For you to choose the ideal property for you and your family, we will tell you the advantages and disadvantages of the two options below!

Advantages of living at home

Let’s start by explaining the advantages of living at home. If you thought about this option, then see the advantages that this type of property has.

1. Freedom of choice

When choosing to live at home, you can ask your realtor what you don’t want to visit, such as houses in vertical condominiums that need to follow local rules.

Even though it is a rule for residents to live in harmony, many people do not feel well adapted to this type of housing.

2.More space 

Undoubtedly, many houses offer more space compared to some apartments.

Generally, houses have outdoor areas that can be used for socializing with guests , for example.

3. Adjustments and repairs more easily

Living at home allows you to make more necessary and optional adjustments and repairs to residents, especially if you buy the property.

As the owner of your home, you can do whatever you like with it, from construction to decoration.

4. No condo fee

One of the great advantages of living at home is the condominium fee exemption, unlike apartment dwellers who need to pay the condominium monthly.

Therefore, this expense is less of a concern for those who want to live in a house rather than an apartment.

Disadvantages of living at home

Unfortunately, living at home is not just about advantages. So let’s count the disadvantages of choosing this type of property below!

1. Less security

Unlike apartments that have a doorman, security cameras and other measures that protect residents, houses do not have this type of protection.

The lack of security measures and the absence of residents in the house can make the property prone to robbery and theft, for example.

2. Does not have prorated expenses

In fact, living at home does not have prorated expenses like condominiums. Therefore, be aware that you will be responsible for the maintenance of the house yourself.

However, try to make a monthly plan so these accounts do not affect your financial health.

3. Major renovations or constructions

Some houses are sold unfinished, such as the roof of the garage or the back of the house.

Therefore, it will be necessary to cover the garage and areas without a roof. Review this point before deciding or choose a home with this finish.

parcel delivery

Those who live at home may not receive the order on the day of delivery if there is no one on site.

Unlike those who live in an apartment and can receive through the doormen who work at the concierge.

Advantages of living in an apartment

Now you will discover the advantages of apartment living before you make your choice. Check out!

1. More security

Definitely, living in an apartment is the great security that residents have when choosing this option.

Apartments usually have security mainly on who enters and leaves the building. In addition to being able to leave for as long as you want and leave the property without major worries.

2. Practicality in cleaning

Cleaning an apartment is more practical, as you only need to clean the interior areas of your apartment.

Therefore, common outdoor areas are taken care of by service providers.

3. ore accessibility

Generally, the buildings are located in areas with more accessibility , close to public transport, shops, among other facilities for residents.

Therefore, living in an apartment building can reduce expenses with long commutes — bringing savings with these expenses.

4.Leisure options

Many apartments have several leisure options for adults and children.

Playground, swimming pool, gym, sports court and other entertainment alternatives within the building’s condominium.

Disadvantages of apartment living

Finally, we come to the disadvantages of apartment living . After reading the cons, then you can choose whether you want to live in a house or an apartment. Look!

1. Smaller private space

Although there are common recreational areas in the apartment condominiums, the private areas are smaller.

Therefore, those who have children and live in an apartment with a small balcony will feel the need for more private spaces.

2. More rules

Undoubtedly, every condominium has its rules so that residents can live without problems.

If, on the one hand, it organizes and facilitates socializing, on the other hand, some residents may not respect the rules and end up interfering with harmony.

3. Possible restriction of pets in the condominium

Unfortunately, some condos do not accept residents with pets.

Thus, if you have a pet, then check this detail when buying or renting an apartment .

4. Mandatory monthly expenses

Every condominium has mandatory monthly expenses that must be paid for the resident not to default.

In addition to the condominium fee, they may have expenses such as maintenance of outdoor areas, among other condominium services.

Anyway, these were the main cons and pros of living in a house or apartment. However, we want to remember that each resident has the free option to choose the type of property that feels good.

 

 

Lessor or Lackey: Who pays for the apartment renovation?

 

https://blog.aocubo.com/wp-content/uploads/2017/10/painter-2751666_19201.jpg

Whoever is looking for a place to live thinks about leaving the house as you like, to have more comfort and well-being. So far so good: small adjustments are made. What can cause some kind of problem is when it becomes necessary to do some major work, such as the renovation of the rented apartment. Who pays the bill, the lessor or the lessee?

This is a point that raises many doubts and problems between tenants and landlords are not uncommon. Each side of the issue has its responsibilities, some defined in a contract, others provided for in the Tenancy Law, which governs the residential property rental market in Brazil.

The discussion seeks to find out who should pay for certain types of reforms, and both landlord and tenant need to be well armed so they don’t have to make drastic decisions, such as breaking the contract. Thus, it is important to know some topics of legislation.

What does the Tenancy Act say about rented apartment renovation?

The  text  makes it very clear what the responsibilities of each part of the rental agreement are. It is on this basis that you must negotiate the reforms you intend to make.

When renting an apartment , the landlord is responsible for paying taxes and delivering the property in good condition. The property tax is an obligation of the owner, but it can become the responsibility of the resident if this is provided for in the contract.

The lessor is also responsible for paying for structural reforms, which we will explain in the following item.

The lessee is responsible for paying the energy and water bills, in addition to the condominium. Necessary reforms due to damage caused by misuse or caused by the resident are also within its competence.

All About Renovation in a Rented Apartment

What are structural reforms?

In practice, they are essential works for the use of the property and for corrections of problems caused by third parties or wear and tear. These expenses are borne by the owner.

This category includes works in the electrical and hydraulic parts of the property, in the sewer, roof and walls. For example, if the neighbor on the floor below you notices a leak and it is caused by the plumbing of your apartment, it is the owner who bears the cost of the renovation.

The law states that the owner must return the property in good condition, so make sure everything is working properly when renting the property. Turn on the faucets and shower, turn on the switches, check every structural item in the apartment. It’s worth talking to neighbors about any problems.

As a security guard, take photos and videos of the apartment to have proof of any problems. Check your observations with the inspection made by the real estate agency before handing over the keys.

What are improvements and improvements?

This is where the biggest discussion opens up, as each situation is a specific case, which must be negotiated point by point. Even if it is not necessary, the owner can see a certain work as an improvement to the property, which can be valued with it. In this way, he authorizes the rent discount or pays the payment separately.

An example: if you want to change the dishes in the bathroom, which are already worn out by time and use, and the owner sees an investment in this renovation, he can authorize the change as long as you pay for the work.

The owner can also assess that a renovation is not necessary and that he considers the tenant’s desire to improve, in which case he will have to bear the costs. But, before contracting the service, the tenant must ask the owner’s authorization to carry out the renovation. A tip: always ask for written confirmation and attach it to the contract.

There are cases in which the owner does not authorize a certain reform, even if supported by the resident. For example, if you want to change the bathroom floor and the owner refuses the work, even if you pay. This is a type of reform that does not allow for a return to the original. So, the resident must give up doing the work.

In cases where it is possible to restore the previous situation, negotiation is easier, even when the owner does not see real improvement for the property. Examples include drilling holes in the wall to install shelves, shelves and other items, installing air conditioning and protection grids, changing decorative fixtures or painting the property in a different color.

In any of these cases, the tenant pays the bill, who must restore the property and leave it as described in the entrance inspection when the contract ends. In case of not leaving the property in the same way at the time of departure, the lessee may have to pay fines provided for in the contract.

How to act with items of decoration and personal improvement?

This situation fits into the last one described in the previous item. These are expenses that the owner does not pay, but authorizes to be made, as long as you restore the original on departure.

In most cases, they are items of  decoration  and personal benefits, which do not interfere with the structure of the property or cause changes of great impact. Parts such as light fixtures, switches, lamps, knobs, doorknobs, locks, protection grids, all of this can be done without any major problems, always paid for by the tenant.

When there are changes, keep the originals to reinstall on exit. This way, you enjoy objects and items that please you during the period you live in the property. When you leave, they are yours.

Same thing goes with showers. Exchange and save the originals. Before, see if the electrical network supports the power and amperage of your model.

Also on the electrical issue, if for any reason you need to change the voltage of the outlet points or only some inputs from 110 volts to 220 or vice versa, inform the owner before making the change. An electrician should check for technical conditions as well. When returning the property, you must return to the original configuration. All these costs are borne by the tenant.

How to define the expenses of those who live in condominiums?

The renovations, in this case, are the responsibility of the lessor, as they indicate improvements to the property. Renovations in the set, such as paintings on the facades, structural works on the electrical and hydraulic networks and on the pavements are some of the items that fit into this situation.

What can be agreed between owner and resident is the form of payment. The tenant can pay, if the cost is included in the condominium, and deduct the amount from the rent. These negotiations are punctual and need to be documented.

Renovation of the rented apartment is a well-defined issue by law, but even so, it leaves room for specific negotiations. The important thing is to be prepared for the conversation, so that you don’t take losses or wear yourself out unnecessarily.