Old properties often exude a certain charm which some prospective buyers cannot resist. Especially in the case of old buildings, however, sooner or later the question as to whether they can still be renovated or whether a new build is the appropriate option cannot be avoided. A renovation can cost a pretty penny. At times, the cost of reconstructing old properties may even exceed the price of a new build.
The task here is to weigh up the pros and cons of such a project and evaluate all the options for implementation. This raises questions such as: What condition is the property in and can energy consumption be reduced as part of a renovation or is a new building more efficient? What about the financing of a new building or what are the renovation costs of an old building?
Our guidebook will provide you with all the necessary information. Your local Engel & Völkers consultant will be happy to help you with further questions or can recommend specialized experts.
Do you have questions about this exciting topic or are you interested in a print edition? Our real estate experts on site will be happy to help you.
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