A small apartment in Jerusalem was owned by an Israeli citizen who had lived abroad for long time. He decided to sell it, but had no time to come to Israel to arrange a sale. We found a purchaser for him, who also lived abroad.
After the sale we made a total renovation of the apartment, including elements of Green Building, and then supervised execution of the work.
With the renovations, the rental price of the apartment increased by 25%. Taking into account the fact that in Israel there are no taxes on this type of rental, the owner’s annual rental yield on the property investment is 6%, and the sale value of the apartment increased by about 58% over a period of 20 months.
Renovation story
In this situation everybody wins:
* The seller, who he did not have to visit Israel specially for the sale of his apartment and thereby saved his time and money;
* The purchaser, who made a good and fast return on his investment;
* The tenant, who lives in a high quality renovated apartment, and saves money on electricity and water use, thanks to the Green Building elements in the apartment design and renovation.
before
after