Renovate or cash in – a crucial question for owners of existing properties.
The decision of whether to renovate existing properties or to simply continue operating them because they bring a certain return or the owner doesn’t want to make the investment is one that must be made often. And a good number of people probably don’t truly understand what it means to lean in one direction or the other.
In general, a property can be compared with a car: Both are used in daily life and require regular maintenance and occasional repairs. If these maintenance intervals are ignored or delayed, the time will inevitably come where considerably more has to be invested to keep the vehicle functional.
Now, there is no question that the investment that must be made in a property is considerably larger than in a car. But the service life is also considerably longer. Every renovation is an increase in value and improves the living and utilisation quality. Depending on the type of renovation, there are average intervals that can be used as reference values:
- Roof and façade:
~ every 20 years - Heating system:
~ every 15 years - Windows and doors:
~ every 20 years - Electrical system and plumbing:
~ every 30 years - Interior work:
~ every 10 to 20 years (depending on wear and tear) - Energy efficiency measures:
with technical progress or legal requirements
It must also be stated perfectly clearly here that the longer these intervals take, the greater the risk that damage will have already occurred, which in turn results in a greater investment. If you skip more than one interval, it becomes difficult if not impossible to keep the property running through normal renovation measures because too much substance has already been lost.
In light of the available stimulus packages for renovation measures and the opportunity to make a positive contribution to the environment through the use of sustainable materials or technologies, renovation measures are the rational path.
Not only the BKI cost calculator can be helpful here, but also our suitable system solutions such as the blaugelb Pre-Wall Installation System Triotherm+ or the blaugelb Protect fastening system.
