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Assuming that £1m was spent undertaking renovations, the Rhys Joneses have seen their property rise in value by around £4.5m.
One night, Susan and David Synnott, an expatriate couple near their sixties, invited me to dinner at the Seigneurie, where Beaumont has allowed them to live, free of charge for ten years, in exchange for undertaking renovations.
With few exceptions, Mr. Ferrara said, tenants are prohibited from removing their fixtures or appliances or from undertaking renovations, other than those that are purely cosmetic, without the owner's consent.
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But owners of single-family homes who undertake renovations would face new requirements.
Even in the luxury segment, however, noise is an issue, especially as older hotels undertake renovations.
Five years ago, the Morrises had bought a house, and he undertook renovations during the early morning hours.
Dolce and Gabbana had undertaken renovations of the castle, which had been closed to tourists in advance of the show.
Many obstacles restaurant owners face are familiar to any homeowner who has undertaken renovations, with a few added complications.
Income from tourism is allowing hotels to undertake renovations and has made significant improvements in the lives of those tapped into the tourist economy.
A fund-raising campaign on Kickstarter, along with a charity run, dinners and auction have helped Hacker Dojo raise the $250,000 it needs to undertake renovations on its leased warehouse space of 13,000 square feet.
Ms. Gang, a 2001 graduate of New York University, was suddenly faced with a rent increase to $2,900 a month from $1,400, as well as construction noise as the new owners undertook renovations.
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