Property renovations in Courchevel
After purchasing a property in Courchevel many new owners are unsure whether it is worthwhile renovating their property.
Obviously everyone would love to renovate their properties, however there can be financial barriers to this.
If you are renting your property, a renovation can pay for itself in a few years. New properties rent for a higher rate and they sell more weeks. We have had numerous owners pay for full renovations in a couple of winter seasons.
If you can’t afford to renovate your property straight, our advice would be to rent your property and maximise your returns then reinvest this money back into your property. The more you invest the nicer your property will be.
Unfortunately doing the odd room won’t add a lot to the price of each week. However, it will help secure more bookings and it is occupancy levels that drive returns.
Knowing where to start and finding the right contacts can be difficult for property owners in Courchevel. We have lived in the resort for a long time and have a large network of tradespeople who can help from a small decorating job to a total renovation.
Please contact us for more information.