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. However, 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—whether inflation, rising interest rates, or shortages of building materials and skilled workers—energy-efficient renovation remains a worthwhile investment. And not just despite the overall situation, but perhaps precisely because of it:
- Inflation is causing household energy costs to rise. Energy-efficient renovation allows homeowners to improve the energy efficiency of their buildings, which can lead to significant savings in energy costs in the long term. This can help to reduce the financial burden of higher energy prices and ease the strain on household budgets.
- Energy-efficient renovation can increase the overall value of a property. Energy-efficient buildings are considered more attractive on the market and generally 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 associated increase in value outweighs the costs incurred. It is therefore 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 renovation work that may not pay off when you sell.
Want to know what your property is worth right now? Use my 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 are particularly 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, usually only the existing boiler is dismantled, which then functions as a heat exchanger. For those who want to heat even more environmentally friendly, 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 electricity compresses and heats the whole system. Finally, the heated fluid is transferred to the heating water via the heat exchanger.
Both alternatives also allow the integration of renewable energies. In addition to solar thermal energy, there are now also micro wind turbines for house roofs, for example. The combination that is most advantageous in terms of cost savings, technical retrofitting options, and value enhancement for homeowners should be determined in advance with a real estate agent and technical expert.
I will advise you so that your property is fit for the future.
As an experienced real estate agent, I am 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. Just get in touch with me.
Your path to a legally compliant energy performance certificate and renovation roadmap – quick and easy.
Whether you need an individual renovation roadmap, heating system modernization, or building envelope renovation, as an energy efficiency expert, I am also available online to assist you with my customized services. Get started right here!
