Advantages and disadvantages of renovation / new build at a glance

Renovate an old building and retain its charm

The fabric of the building is the linchpin of a renovation. If the brickwork is intact and the building does not need to be gutted, a renovation is often less expensive and quicker.

Benefits of renovation

• The soul and charm of the house is retained
• Lower investment costs if the fabric is good
• Simpler approval procedure (lower risk of objection)
• Shorter build time
• The garden, including old trees and plants does not need to be removed
• Step-by-step renovation is possible, so that you can still live in the propert

Disadvantages of renovation

• Prior to a renovation, an inspection by an expert is required
• The existing spacial design cannot be changed at will or updated to today’s demand
• Complete renovation is often more expensive than a new build
• Even after renovation, energy efficiency is not comparable to a new build
• Increased susceptibility for mould and humidity

Planning a new build and realise living dreams

Old houses are often located on large plots with generous surroundings. If the large potential has been identified, it is not only possible to build a single-family house, but multiple family dwellings are also an option, which presents an interesting potential use for investors and project developers in particular.

Benefits of a new build

• Contemporary building and spatial design, modern and individual architectural style
  

• Meets all up-to-date standards regarding energy efficiency, building technology,
       and heating system
  

• In most cases improved / increased utilisation is possible (increase in value)

Disadvantages of a new build

• Higher costs, long planning and build time
• Investment costs are not tax deductible, investment costs are taxable as a whole
• Varying decision-making options may also be overtaxing