Please note, this article is written with a focus toward the German market, but very similar rules apply everywhere.

Building Project: High Energy Prices Make Changeover Easy

With Lukinski at your side, it takes only a few steps to your own home. We support you in buying real estate or find suitable prospective buyers for your new building project. Would you like to get in during the construction phase or would you like to join us? Lukinski is your competent partner in all real estate questions. Throughout Hesse and Rhineland-Palatinate we are well informed about large and small new building projects. Should your future home be particularly child-friendly or have extremely convenient transport connections? Write to us so that we can present suitable projects to you.

With high additional costs, many tenants are considering a new building project. The new building projects are equipped with the most modern technical heating and water supply systems, which reduces the additional costs. Environmental protection and sustainability are also very important for many projects. In your new home you should feel comfortable and at the same time be able to show consideration for the environment.

Free standing or row housing?

All designs have their advantages. A row house convinces with a particularly favorable square meter price, the free-standing single or multi-family house with much garden and clearance for new ideas. If you are looking for a condominium, we have numerous very attractive new building projects on offer. Close to the city, downtown locations or in the bacon belt – we will find the right apartment for you.

Real estate as capital investment: special

• Part 1: Classical or exotic investment – Which real estate is suitable as capital investment?
• Part 2: Real estate as capital investment – What do I have to pay attention to?

Developer: Exclusive Network

Apartment building: Modernization

Prefabricated elements: Prefabricated house made of elements

New construction of apartment buildings and commercial units: Land development

Construction Financing: Comparison and Tips

An important and for many building owners tricky question is the construction financing. Almost everyone who wants to buy or build a property has to use borrowed funds. Thus the real estate financing stands in the room, with which we can advise you however comprehensively and seriously. In any case it is worthwhile to obtain offers from several banks. The calculation of the individual options is crucial, but the offers cannot always be compared at first glance. Our experts are also available to provide you with advice and support for long-term and successful real estate financing. Trust in Lukinski!

Once the right new construction project is considered, a suitable credit institution must ensure the long-term and sustainable financing. The be-all and end-all when buying real estate or building a house is the financing. The right construction financing is viable and can be operated in the long term. New construction projects are basically objects that credit institutions are happy to finance. The building fabric is good and the location is usually promising. New construction projects are usually also suitable as an investment or retirement provision. Often their price increases, as does the demand in the region. In addition, there are various state subsidies to make it easier for citizens to create property. These include the KFW loans from the Kreditanstalt für Wiederaufbau (Reconstruction Loan Corporation), but regional grants from municipalities and states are also possible. The focus of our expertise lies in the regions of Hesse and Rhineland-Palatinate. Therefore, we are also familiar with the regional differences and many of the funding opportunities in rural and urban areas.

Questions for the professionals – Building description and the house type

Make sure to have the building specifications of the new building project checked by an expert. It regulates which services the contractor has to provide. The specifications should neither be vaguely formulated nor should they be too expensive. Services that are not part of the building description can be associated with high additional costs as well as construction delays. It is advisable to have the building specifications checked by a third party. Please contact us if you need help with this. It is also worth taking a look at the building specifications for the construction method. Is it a solid construction, a wooden house or a prefabricated construction. Each type of house and building has its special characteristics, which must fit the buyer.

Also as capital investment the new building real estates become ever more popular. The high level of equipment and building substance, together with an excellent residential area promise a long-term increase in value. The tax burden is reduced for new building projects and in many cases there is also financial support from the state and local authorities. New building projects are designed with increased security aspects in mind, so that high returns can be achieved in the long term.

Urban Planning Creates Space for New Construction Projects

The increasing population growth is being absorbed by the conurbations with the corresponding urban planning. The target groups sought by the municipalities can differ significantly for each new construction project. Nursing home places will be created that fall into the category of social housing. The allocation is usually made by offices and authorities.

Ambitious new construction projects, on the other hand, pursue a social policy to enable fellow citizens with low incomes to live in a central location. In some cases, the city also provides favorable loans for such properties.

Upscale new construction projects are often located in selected residential areas of the city or directly in the city center. They may well be luxury housing estates, with spectacularly designed and high-priced fittings.

New Construction Projects in Outlying Districts

With the increasing transport connections and also with a view to the increased creation of home jobs, it is worthwhile looking for low-cost new building projects in rural areas or in the outskirts of the city. The purchase prices per square meter of living space are usually significantly lower than in the densely built-up and central districts of the city. However, it is precisely this advantageous offer that is hotly contested by buyers. Let us know your ideas so that we can present you with suitable new building projects.

In addition to the significantly lower land prices, the new construction projects on the outskirts of the city offer further advantages. With the distance to the conurbation, the unspoiled nature increases. Adjoining lakes and rivers can be paddled and swum through, and the range of leisure activities on offer is increasingly being expanded. The medical sector is also adapting to the increased demand from senior citizens. Delivery services and home support are well integrated in many rural areas.

Infrastructure was Yesterday

Although proximity to the city is still the preferred residential district, employers are creating new opportunities for housing through decentralization and the creation of home offices. At the same time, excellent public transport connections are being created, and existing routes are increasingly being expanded. The less frequently people have to travel to the city for work and shopping, the more attractive locations in the surrounding area become. Smaller cities often score well with a more affordable supply of living space, but even more so are the extensive leisure facilities, the surrounding nature and good schools that attract homeowners. Lukinski’s new building projects in the countryside are also interesting for senior citizens. They offer peace and quiet and the possibility for walks. Excellent local hospitals and medical support characterize many rural regions in Hesse and Rhineland-Palatinate. There are many good reasons for choosing peripheral locations – not only in old age. Allow yourself sufficient time when choosing your new building project. Check the offers of Lukinski – your house sale, so that you can discover the perfect home for yourself. We will gladly help you and make appropriate suggestions.

Exactly right: new building projects for your taste

Your new building projects are as diverse as the developers and investors. The conventional standards have long been abandoned, even architecturally prepared. Great importance is attached in many places to environmentally friendly and sustainable construction. Modern heating technology, electricity and water supply are much sought after by prospective buyers. The offer is available and can be integrated both in new building projects in country house style and in modern constructions with glass facades. Stone floors and bathrooms clad with natural stone are in trend. Buyers often prefer higher quality fittings to a location close to the city.

Architecture Planning

Practical work: Project development and property developer

With Lukinski to your new home

Have we aroused your interest? Then send us a short message so that we can discuss your new building project for the first time. We would be pleased to send you informative exposés on the available new building projects. In many residential projects, houses and apartments are built in a wide variety of sizes and with a variety of features. Contact Lukinski with confidence to discover the perfect form of living.

The layout of the rooms in the new building projects is also designed to suit every form of living – whether single or family, you will feel at home in the new building project. If you wish a balcony or a first floor apartment with terrace – our experts from Lukinski – Lukinski will be happy to send you a meaningful exposé. We are looking forward to your message!

Purchase land: Basics for buyers

In addition, there are plots of land that will certainly not be allowed to be built on even in a few months or years. They must be used for agricultural purposes or they are garden land. You can usually recognize building plots by the fact that they have a higher price than plots that are intended for agricultural use or as garden land.

Preliminary building permit until water, sewage and electricity connection

Usually there is already a positive preliminary building permit and a corresponding infrastructure in the form of connections for water, sewage and electricity. If you would like to receive first-hand information, ask the city or municipality responsible for the property whether it is building land and have this confirmed in writing. Then you are on the safe side if you have bought the land and have submitted a building application for the building you want to build on the land.

Garden land

If you buy a garden with a larger pergola, this does not mean that you may exchange the pergola on that property for a house. Even if it is a solid summer house with a electricity connection, a connection for water and sewage and a possibility of heating in the cold season, this does not mean that you can exchange this house for a home.

Economic use is defined

The economic use of land is specified very precisely by the responsible cities and municipalities. In the past, there have been repeated disappointments about planned construction projects that were initially denied by the city or municipality and later even by a court. For this reason, it is very important to obtain extensive information about the property you intend to buy.

Before buying, find out whether you are allowed to carry out the planned construction project on the shortlisted property. This applies not only to the construction of single-family homes, but also to apartment buildings, which may only be built on plots of land that are designated accordingly.

Purchase land: Private sellers

They can buy a plot from a private vendor. You make the purchase directly with the seller or you decide to use the services of an estate agent. The advantage is that you get professional advice. On your behalf, the real estate agent can find out for which building projects the property you have shortlisted is intended for. He or she can ask the city or municipality which building projects on the property are approved and which are not.

Regulations of the city / municipality must be taken into account

If you purchase a plot of land from a private vendor, you can in most cases realize your building project according to your individual ideas. All you have to do is follow the regulations that have been established for building projects in the city or municipality where the property is located. Within the framework of these regulations, you can decide for yourself how big the house should be, whether you want a cellar and whether you want to build a prefabricated house or a solid house. It is also possible to design the house according to very individual specifications together with an architect, if the land is already in your possession before the planning of the construction project begins.

Purchase land: property developer

Developers acquire larger plots of land or several connected plots of land in order to realize a construction project there. In addition, individual plots of land in very attractive locations are also purchased from a developer. You yourself can often only purchase the land from the developer if you decide to build a house at the same time. The choice is less than if you bought the land from a private seller.

Many property developers work closely with the manufacturers of prefabricated houses and solid houses and only offer their products. However, you have the possibility to select an object from the manufacturer’s program and adapt it to your individual needs. Another advantage of this solution is that you do not have to take care of the building project yourself.

If you wish, the builder will coordinate the entire construction project and hand over your house to you ready for occupancy on the agreed date. The service of the developer includes all permits. Also the construction of a garage or a carport and the creation of the garden can be taken over by the developer.

Further regulations for the building project

In many cities and communities there are regulations that houses may only have a certain size or height. Sometimes the overall picture of the surrounding buildings must be preserved. For them, this means, for example, that they may only build a house with a single-story structure and a pointed roof.

The modern two-storey houses are not allowed in some locations because they could disturb the uniform image of the street. You should also inform yourself about the spatial distances that you must maintain to the neighboring buildings. These guidelines only apply to detached single-family homes, but not to buildings with double houses or terraced houses. In new residential areas, which are built on the outskirts of larger cities, there are often deviations from this rule. However, in the classic development of single-family homes in a residential street, you should bear in mind that the distance between your building and the neighbor must be at least three meters. This applies not only to the main building, but also to garages and carports.

The demolition of dilapidated buildings

If there is an older dilapidated building on the property that you want to demolish, this too is subject to approval. In this context, there may be regulations regarding the protection of historical monuments. You should know these before you decide to buy the property.

Construction site on large plots of land not freely selectable

In addition to the regulations that cities and municipalities issue for building development, there may also be specifications regarding the building site. This is usually only relevant for you if you have purchased a very large plot of land.

Perhaps you do not want to build the house directly on the street, so that you can live more quietly away from the traffic noise. However, if all the other houses in the neighborhood are built directly on the street, you may be given the instruction to put your new house in the run. You will not get a permit for a staggered construction. Clarify also these questions before buying the land. Even if you call building land your property, you must comply with the applicable regulations. As a rule, cities and municipalities cannot be changed in their regulations.

If you build without having obtained a clear permit for the building site you have chosen, in the worst case you could be threatened with demolition or demolition. Don’t let that happen, but take precautions by obtaining all the necessary information before making a purchase decision.

Lukinski not only offers you a variety of plots of land in attractive locations, we will be happy to obtain all the information you need for your planned construction project.

Conclusion: Buy a plot of land, preferably with experts

The purchase of a property should be well considered. Above all, it is important to obtain the permits planned for the construction project in advance. This will protect you from unpleasant surprises, which are often closely related to ignorance of the applicable regulations.

Lukinski offers you various services related to the purchase of land in the federal states of Hesse and Rhineland-Palatinate. This includes obtaining the important information you need to start your construction project successfuly. If you would like advice, please do not hesitate to contact us by phone. We will arrange a personal meeting with you at short notice and introduce you to suitable properties in the region of your choice.

Properly plan house remodeling – analysis, budget and goal setting

As an owner who wants to sell their home and get the best price possible, consider having renovations done beforehand. This can make the house more attractive to the buyer and increase the general interest. Sometimes, however, it makes sense to forego renovations and leave them in the hands of the buyer. In this case, however, a significantly lower purchase price can usually be achieved. Here it is important to carefully weigh up the costs and benefits.

Through a well-planned home remodeling, old properties can be designed in a new way. For the success of the project, thorough planning and cooperation with professionals is of great importance. Seek the advice of architects, structural engineers and tradesmen and choose a company you trust to meet your needs and expectations. Whether a house conversion makes sense when you sell the property must be decided on an individual basis. If you are unable to sell the property without remodeling, it is worth the effort. If you are looking for professional home selling assistance, give us a call!

Before the start of the conversion, some considerations must be made. Make clear what your ideas are and to what extent you want to change the existing property. If necessary, you can seek advice from an experienced architect. List everything you want to change and which parts of the house are affected. Also consider whether you are planning an extension in addition to the conversion to increase the living space.

• How much does it cost to remodel a home?
• What is the cost of remodeling old house?
• What do I have to look out for during the conversion?
• How much does it cost to hire an architect for a remodel?

Planning phase and building analysis

Establish a preliminary approximate schedule and include delays in the calculation. These can occur unexpectedly due to undiscovered defects. Also set your budget. Once you have documented your ideas, the concrete planning phase can begin. This absolutely includes a building analysis by a professional. A master builder is the ideal contact person for this. He or she can identify defects and structural damage and give you a more accurate time frame for the remodel. It is also necessary to talk to a statistician. This person will inform you about the building regulations and check the statics of the building. It is essential that load-bearing walls remain standing. Now it will quickly become clear which of your ideas are feasible and which are structurally impossible. Compare your new findings with your original planning and create a new conversion plan on this basis.

Financing plan – craftsmen, material costs & financial reserve

Now you can create a financing plan. To do this, you can obtain various quotes from tradesmen and construction companies. Compare the prices and keep an eye on your budget. In addition to the costs for the craftsmen, there are of course also material costs. Create a cushion and ensure you have a financial reserve of about ten percent of the total budget. This is for unforeseen costs.

Permits for conversion work

A number of permits must be obtained prior to remodeling. Not all remodeling work requires a permit. However, if you are planning to add a storey or an extension to the house, you will need permission in almost every case. Even if you are converting the house to create a granny annexe or you are having a conservatory built, you will often need permission. Since these regulations differ from state to state, no general statements can be made. It is therefore essential to enquire at the relevant building authority. If you plan your conversion together with an architect or engineer, you can rely on their expertise. Craftsmen who are authorised to submit building documents are also familiar with the regulations.

This is how you find competent service providers for the conversion

For the remodeling of your home, it is best to turn to master companies. They stand for quality and have the necessary skilled workers. When choosing, pay attention to the focus of the respective master craftsman company and which projects they normally carry out. References are always a good indication when it comes to the quality of a company. Smaller renovation tasks that you would also like to have carried out in the course of the renovation, such as laying new floors, can also be left in the hands of independent craftsmen. Contact regional master craftsmen and meet with a contact person in person. Home remodeling involves large sums of money. A get-to-know-you meeting can build trust and eliminate doubts. When you feel you’ve found the right company, you can ask for a quote after inspecting the property together. It is best to get quotes from different companies.

Request alternative offers from trades

You may have to hire different companies anyway. It always depends entirely on what and how much you want to remodel. A company that moves your walls may not be able to tile the bathroom. Once you have decided on a quote, a contract will be signed. In it, all of the remodeling work you plan to do should be put in writing. Since each remodeling project is individual, the contract should also be custom made. Model contracts cannot capture the complexity of the project and are therefore useless. To be on the safe side, you can have the contract checked by a lawyer. However, bear in mind that this may involve further high costs.

Delays and fixed price

If delays occur during reconstruction, the service provider is not always to blame. Construction measures rarely run without problems and additional obstacles. There are many reasons for this. For example, undiscovered defects that become apparent during the remodeling process cause time delays. In addition, you as the builder may change your mind about details during the remodel and order additional work. This can also cause the schedule to be blown up. In this scenario, always keep an eye out for additional costs coming your way and ask the service provider to let you know if there are any new costs. This way, you’ll keep an eye on your budget and end up with a bill that won’t bankrupt you. Alternatively, it is possible to negotiate a fixed price with the tradesman.

Final building inspection

After completion of the project, the building inspection is due. Take a look at the result in peace. Even if you are not an expert, you can at least judge whether everything looks neat and works. If you are working with an architect, he can of course accompany you and advise you. If you notice any defects, these must be rectified by the tradesman. Set a deadline for this, unless this is stipulated in the contract. Only when everything is to your satisfaction will the invoice be paid.

Difference between a renovation and a refurbishment

A renovation is a visual improvement in which visible damage is repaired and living comfort is enhanced by better equipment, for example in the bathroom or kitchen. In this way, renovation differs from refurbishment, in which structural defects are removed. Renovation is therefore not absolutely necessary, but can lead to a visual upgrade and make the property more interesting for potential buyers. Wallpapering walls, repairing minor damage to the facade or laying new flooring are all part of a renovation. So, a renovation does not mean the complete renewal of the house. Instead, details are tweaked to make the property look more inviting overall. First impressions count and cannot be repeated. In order to appeal to as wide a range of people as possible, the renovation should result in a result that is as timeless and neat as possible. Extravagant wall colors and gold-plated fixtures in the bathroom appeal to only a small percentage of the population. Brightness, cleanliness and an immaculate condition of the property, on the other hand, are universally rated as positive.

Upscale, normal or simple equipment

Upscale, normal or simple equipment?

Adapt renovation to real estate

You’ve probably seen real estate listings that advertise upscale amenities.

Other offers talk about a simple or a normal equipment. This is understood to mean different standards, which of course affect the purchase price and may attract different clientele. With a targeted renovation, you can give your property the desired standard. It makes sense to adapt the furnishings to the property as much as possible.

A villa or a spacious apartment in the city centre, for example, can be better advertised with upscale furnishings. Potential buyers are prepared to spend a lot of money right from the start and want the interior of their dream property to meet their requirements. A small terraced house in the suburbs, on the other hand, is better suited to normal or simple furnishings.

Location and neighbourhood: influence on building elements

The surroundings and the location also play an important role when deciding on a standard of equipment. By looking around the neighborhood, it is usually easy to see if your property fits in with the surrounding area. If the home is in an area with mostly upscale homes, buyers who want to live in an upscale environment are more likely to be interested. Before you take action, plan your renovations accordingly.

Upscale equipment

Upscale equipment must meet high standards. Bathroom, central heating and double windows are mandatory here. The flooring can be high-quality carpet, natural stone or parquet. In the bathroom and kitchen there is a tiled floor. In addition, no supply lines may be visible. They disappear invisibly under the plaster. With the appropriate renovation work, you can give your property an upscale standard. Other extras, such as a fitted kitchen, integrated lamps or an alarm system also contribute to an upscale interior and are considered a luxury by buyers.

Normal equipment

Houses with normal equipment are equipped with double windows, at least on the windward side. Here, too, the utilities run mostly under the plaster. Bathroom and kitchen have a tiled floor. There is also central heating. Basic fittings are houses with single windows, linoleum or PVC flooring and no central heating. Many supply lines run above the plaster. A less than optimal layout of the rooms can also result in a classification in a simple equipment. Through renovation work, you can transform a house with simple fittings into a property with normal or upmarket fittings and thus appeal to completely different groups of buyers.

Renovate different living areas

You need to properly weigh the costs and benefits when renovating different living areas.

Weighing costs and benefits correctly

In a house, there are many construction sites that are candidates for renovation. One of them is the bathroom. A renovation makes sense if there is visible damage or if the equipment is no longer up to date.

Bathroom: Tile, WC, tub & shower

Bathrooms with small tiles and trees on the wall tiles are no longer in line with current tastes and are considered outdated. They can look unattractive to the buyer. So new tiles are a worthwhile investment. However, replacing the toilet, bathtub and shower is very costly and does not always make sense. Here it is important to weigh the costs thoroughly against the benefits and question the necessity. In a house with upscale furnishings, however, the sanitary facilities should also be brought up to date. Outdated bathrooms are a reason for buyers in this price segment not to buy the property.

Kitchen: renovation and modern look

The renovation of the kitchen can also be reflected positively in the purchase price. A modern kitchen can increase the purchase price by 4.5 percent. In this way, a few thousand euros can be gained in many cases when selling real estate. However, the costs for the kitchen must be deducted. If a kitchen already exists, a new one does not necessarily have to be installed. Old fronts can easily be replaced with new ones. A better interior additionally enhances the value of the kitchen. Modern electrical appliances make the superficial renovation complete.

Living areas: Wallpaper, Laminate & Co

A renovation of the living areas is almost always worthwhile. It makes for a neat and tidy impression. Depending on the condition of the house, not all walls need to be re-wallpapered and all floors need to be re-laid. Wallpaper that is in good condition can be painted over and wooden floors can be sanded down. Damage to laminate flooring can be repaired with laminate infill and defective tiles can be replaced individually. However, if you want to raise the standard of the decor, it may be necessary to replace the floors, for example. Also bear in mind that certain floor coverings are considered out of date, despite their high quality. Carpets, linoleum and cork flooring are no longer desired by most buyers and will reduce the purchase price for this reason alone, even if they are in good condition.

Wallpapering is always advisable

Wallpapering the living rooms, on the other hand, is always advisable when the old wallpaper no longer accepts paint or cannot be painted over. For example, a woodchip wallpaper tolerates about six coats. If you decide to redecorate the living rooms, you can choose between different types of wallpaper. For living room and bedroom normal paper wallpapers or non-woven wallpapers come into question. In the kitchen or in the hallway, however, waterproof latex wallpapers are a good choice. They can be easily wiped off and are therefore the perfect choice for heavily used areas.

Conversion of older houses and apartments

Many older houses and apartments have great potential in terms of a new design. It is not always necessary to demolish the building and build anew. This variant is often chosen by builders. However, it is not very profitable. Demolition sometimes involves high costs, especially if there are harmful substances to be disposed of. In addition, there are the costs for the new building. In many cases, it makes sense to consider rebuilding. If the substance of the building is in good or very good condition, the property can be gutted and remodeled. If you own an older building that you would like to sell, we would be happy to make an appointment with you for an individual inspection. Together with a building expert, we can decide whether the building is suitable for a comprehensive conversion and can be offered on the market accordingly. Since the demand for real estate in Hesse and Rhineland-Palatinate is high, we can successfuly assist you in selling your property in most cases. Get in touch with us without any obligation. We look forward to your call.

Prerequisites for a successful conversion

Before you decide to remodel an older home, it is important to find out what is feasible. Surely you have many ideas that you would like to implement. What is possible and what is not, however, depends on the condition of the building and the statics. For many builders, the question of cost also plays a very important role.

Verification of the statics

Before you start with the actual conversion, a review of the statics is required as part of the feasibility study. It is a great advantage if you are in possession of building plans. These make a statement about the way in which the building was constructed. In principle, it is possible to tear out walls and reconstruct them. However, these must not be load-bearing walls. If you remove them, the consequence may be the collapse of the building or some parts of it. If you want to remove a load-bearing wall, it is important to support the building beforehand. You are hardly limited in terms of what you can do. However, changing the statics is a cost issue. Many measures related to maintaining the statics are expensive and may only be carried out by a professional. In any case, a comprehensive renovation should be accompanied by an experienced structural engineer. However, if you limit yourself to comprehensive renovation work, you can do without a structural engineer and save the costs.

Calculate costs safely in advance

If you have decided to remodel because building a new home was too expensive, your funds are sometimes limited. However, a comprehensive remodel can also yield very nice results. A complete remodel sometimes costs as much as or even exceeds the cost of a single-family home. Basically, though, you can operate within your margin. Even if you only have a small budget, a lot can be made of it. Also consider whether you would be willing to do your own work. You will save money on the labor hours that you would have to pay to the tradesmen. Technical skills and a good hand are important prerequisites for the provision of personal services.

Redesign walls and floors

Remodeling a home involves many small investments. If you decide to completely gut the house and completely redesign the interior, you will have to reckon with a five-figure sum in the low to medium range in any case. The design of the walls and floors alone will cost 10,000 EUR or more. The high financial expenditure for the craftsman hours is already included in this amount. However, it makes little sense to take on the laying of the floors and the wallpapering yourself if you are not experienced in this. In this case, you should hire an experienced craftsman and look for cost savings elsewhere.

Bathroom and kitchen planning

There are a variety of beautiful design options for the bathroom and kitchen, but they are very costly. The advantage of remodeling the house is that you can re-route pipes and electrical wiring. So it is possible to install taps, toilet and shower in a different place. You can even choose a different room if you don’t like the previous layout. However, again, plan for a five-figure sum in the lower or middle range.

Determine real costs

The total cost of a remodel can quickly exceed 100,000 euros. A comprehensive redesign with the assistance of a structural engineer quickly exceeds the costs you would have to bear for a new construction of the house. It is important that you compare costs and benefits and really include all the little things in your planning. Define generous sums by rounding up significantly. Then add an amount of 10,000 euros for the things you have forgotten. Then you are protected from unpleasant surprises and may even have capital left over with which you can fulfil some special wishes.

Allow for buffer: planning costs + 10%.

Converting a house can be an attractive alternative to buying a new one. It is important that you clarify, if possible before buying the property, which planning you can implement and what costs you will incur. You should only complete the purchase when you are sure you have found the right property. Contact a structural engineer and have a feasibility study done. Only when all the plans are feasible to your satisfaction is it the right time to buy the property. Would you like advice from a professional? We are happy to be of service to you. Simply make an appointment for a non-binding discussion.

Conclusion: Renovation before selling the house

Renovation work before the sale of the house is reflected positively in the selling price. However, the costs and benefits should be thoroughly reviewed beforehand. If you decide to renovate, you should refrain from extravagant experiments. Because you do not know the taste of the buyer. Timeless, bright and well-maintained rooms appeal to most potential buyers. In addition, you should think about the desired standard of furnishings and plan the renovation accordingly. By replacing floors and wallpaper and renovating the bathroom and kitchen, you can specifically improve the standard of furnishings and thus improve your chances on the housing market.