Core Renovation – A core renovation includes all structural renovations to a home. More inspiration: living ideas. Core renovation includes tasks such as re-roofing, installing new flooring, electrical installations, or installing new windows and doors, among others. The goal of core renovation is to restore the building fabric to like-new condition. A building is restored […]
Basement – A basement, also known as a souterrain, is an enclosed part of a building below ground level. Planning a build? See our building tips. Especially older houses have a basement. Originally used for storage of food, nowadays a storage space for the whole family. Basement at a glance: Underground storage room Underground space […]
Security Deposit – A security deposit is a set amount of money that a tenant must present to a landlord before the rental period begins. The amount of money is used to allow the landlord to repair any damage that may have occurred at the end of the lease term, or if lease obligations have […]
Security Deposit – A security deposit is a set amount of money that a tenant must present to a landlord before the rental period begins. The amount of money is used to allow the landlord to repair any damage that may have occurred at the end of the lease term, or if lease obligations have […]
Chimney – A chimney is a colloquial term for a fireplace and its flue installed in a building. More terms in our all terms. This fireplace must be regularly inspected by a chimney sweep. As a rule, the value of a property increases when a fireplace is present. Fireplace at a glance: Built-in fireplace in […]
Elevator (Definition, Meaning) – An elevator is a commonly used means of transportation between the different floors of a building and increases the value of real estate. State support is explained in our article Funding for Real Estate. Especially in the current development regarding barrier-free living, the elevator is an important component. An elevator system […]
Asbestos – Asbestos is a mineral fibre material that used to be frequently used in wall or ceiling cladding in buildings. As asbestos poses a high risk to health if it becomes airborne, for example during home renovation or refurbishment, it is no longer used in the construction of properties in Germany today. In the […]
Architect – The supervision of a building project, starting with the planning of the new construction or reconstruction and the ongoing management or supervision of a property, is the responsibility of the architect. More on construction: property construction. Normally, the architect is also the contact person for questions from the client or owner. The fees […]
Home Office (Definition, Meaning) – A home office is defined as a workspace within a private household. The regulations regarding the financing of a home office have become significantly stricter or limited in recent years. In order to determine who can claim which costs for tax purposes, it is advisable to consult a tax advisor. […]
Abutters – Abutters are all property owners whose property borders on public land or other properties. Every adjacent owner has precisely defined obligations and rights, especially when it comes to securing and developing the property. In case of non-observance of these duties, the affected abutting owner is liable, e.g. in case of neglect of the […]
Alternative energy – Alternative energy is the generation of energy with inexhaustible or quickly reproducible means. Some very well-known examples are solar energy, wood heating, geothermal energy or biogas. In the normal real estate trade alternative energies have a small relevance. If you get the electricity or the energy from the green energy provider, alternative […]
Old building (Definition, Meaning) – An old building is colloquially a term for real estate that was built in 1950 or earlier. There is no fixed definition for this term in the housing industry. A renovated old building is a very high-quality and valuable investment, which are highly sought-after residential properties in inner city areas […]
