If you own an older property, sooner or later, you’re faced with a big decision: demolish, renovate or convert completely? If you decide on a conversion, depending on the property's utilisation rate, it might be worth opting for an apartment block.
Engel & Völkers doesn’t just market existing properties – it also helps owners, developers and architects with their projects from the outset. Complex conversion projects in particular require support and guidance from our real estate experts. And with our extensive database, we know exactly what customers are looking for. We also benefit from our global network and local focus, which enables us to know today where your target group would like to live tomorrow.
When converting an old building, the owner’s aims are always the top priority. Is the project designed for their own use or will the property be sold or rented? Hybrid forms are also possible and open up a range of opportunities. If you opt to maximise the utilisation rate, you can create multiple smaller apartments. This is a great idea for creating multi-generation homes, for instance, or selling individual apartments at a profit and making an apartment block.
If you’d rather renovate an old building than demolish it, you should calculate the costs in advance. This is quick and easy with the free online tool HouzyCheck. Based on comparative statistical data, HouzyCheck analyses the building’s condition and automatically calculates a plan for renovation. This tool also shows which components should be renovated together to save money. This allows you to weigh up plans to convert your building into apartments in advance and work out the lifespan of individual components.
Have you decided to turn your old building into an apartment block and rent or sell the individual apartments? You can count on our extensive experience in real estate! We’re happy to advise and assist you from the outset and help you build apartments your future customers will love. We offer professional project marketing services as well as support with all or individual aspects of your sale – every step of the way.
Find out about our wide range of services and join us for a non-binding consultation on your project. We’re happy to help you create your own apartment block every step of the way – from concept to sale!