For many homeowners, now may not seem like the ideal time to modernize their property. However, energy-efficient renovation can be worthwhile and offer numerous advantages.
For many homeowners, the dream of owning their own home has become a long-awaited reality. But in addition to fulfilling this dream, it is equally important to pay due attention to the maintenance and modernization of the property. A well-maintained and modernized property not only retains its value, but can even increase in value.
Despite the current challenges facing homeowners—be it rising inflation, increasing interest rates, or shortages of building materials and skilled workers—energy-efficient renovation remains a worthwhile investment. And not only despite the overall situation, but perhaps precisely because of it:
- Rising inflation means that the cost of energy consumption in a household is increasing. Energy-efficient renovations allow homeowners to improve the energy efficiency of their buildings, which can lead to significant long-term savings in energy costs. This can help alleviate the financial burden of higher energy prices and ease the strain on household budgets.
- Energy-efficient renovations can increase the overall value of the property. Energy-efficient buildings are considered more attractive on the market and usually fetch higher sales prices than less efficient properties. Potential buyers appreciate the long-term cost savings and comfort that an energy-efficient home offers and are therefore willing to pay a higher price.
How profitable is renovation shortly before sale?
Are you about to sell your property, but the last renovation was some time ago? Damp basements, poorly insulated windows, and worn wallpaper could deter potential buyers and reduce the sale price. But when is the right time to invest again and increase the value of your property?
The profitability of a renovation or refurbishment depends on whether the resulting increase in value outweighs the costs incurred. That is why it is crucial to calculate the upcoming changes precisely. To support such energy-efficient renovations, the government offers subsidy programs through KfW Bank, which grant different subsidies depending on the type of measure.
For most property owners, it is challenging to accurately estimate the potential increase in value after a renovation. In such situations, it is advisable to seek the expertise of a professional. This way, you can minimize the risk of investing a lot of money in renovations that may not pay off when you sell.
Want to know what your property is worth right now? Use our free online valuation tool for an initial estimate.
Heating Act 2024: instead of gas and oil...?
In addition to traditional fuels such as gas and oil, wood and electricity can also serve as important energy sources: Pellet burners are often a more cost-effective alternative to electric heat pumps, as they require fewer technical adjustments. When installing a pellet burner, the existing boiler is usually simply dismantled and then used as a heat exchanger. For those who want to heat their homes in an even more environmentally friendly way, upgrading to an electric heat pump is a good option. This uses environmental heat from the air, ground, or water, which is absorbed and evaporated by the coolant, while the electricity compresses and heats the whole system. Finally, the heated liquid reaches the heating water via the heat exchanger.
Both alternatives also allow for the integration of renewable energies. In addition to solar thermal energy, there are now also micro wind turbines for house roofs, for example. The most advantageous combination in terms of cost savings, technical possibilities for retrofitting, and value enhancement for homeowners should be agreed in advance with a real estate agent and technical experts.
We advise you so that your property is fit for the future
As experienced real estate agents, we are happy to assist you in finding the best solutions for the energy-efficient renovation of your property. Together, we can determine which measures are sensible and eligible for funding, and help you benefit from the government subsidy programs offered by KfW Bank. Our experts provide comprehensive advice and support to help you make your property fit for the future.
