Renovation and remodeling come in many forms: a new kitchen, exterior wall repair and insulation, or roof solar panels. Find out why renewals can have its benefits and what you need to keep in mind during the renewal process.
Saves the renewal value.
One in five buildings in Switzerland will soon be more than 100 years old. And the majority of the 1.7 million or more residential buildings, 86% to be exact, were built before 2001. This is the figure provided by Swiss Buildings & Delwings. Many of these homes need age-related repairs, although the structure of the building is still in good condition.
This is because old buildings will lose value if they are not renovated. So, one of the main reasons to renovate your home is to maintain its value. This may include, for example, applying a new coat of paint to faded or sanding parquet floors. In addition, individual parts of a home need to be changed regularly. Wooden window frames, for example, average breasts last 25 to 35 years. Although these measures cost money, they help protect the value of your property.
Many reasons for renewal
Sometimes, however, the goal of modernization is to make the property more comfortable, regardless of its age. For example, a new coat of paint, new tiles in the bathroom, or a brand new kitchen. A renovation may also be necessary as the family grows. A mattress conversion or ground floor extension can provide more space.
Last but not least, tax benefits can be a good reason to renovate your apartment or house. If carefully planned, you can deduct property maintenance costs from your taxes.
Renew and reduce your energy allowance costs
However, the structure of the building is not the only thing that must be maintained. Especially for older homes, renovations that improve energy release efficiency are appropriate. Not just for the environment, but also from a financial point of view. For example, new insulation can help protect heating energy in particular. You can also reduce your heating costs by upgrading your heating system. Hot water can be generated with solar panels. Over the years, investments in energy efficiency have paid off.
Energy permit renewals are also subsidized. Depending on the cantonment accommodation, there are various subsidy programs and subsidies to increase energy efficiency. It is advisable that you review the guidelines for incentives and subsidies as soon as possible and implement them at the planning stage, as in some cases it may be too late to request financial assistance when you have already renewed. Has begun.
Successfully repair and finance planning
Regardless of the reason for the renovation, good planning is essential. What and how, in particular, do you want to repair? Do you need a specialist to coordinate the work? Is a building permit required? There are a number of factors that need to be considered when planning your renovation.
After making a rough plan, it is important to be clear about finances. So far, so good, it’s important to get in touch with the bank. The cost ceiling for a planned renovation is determined by the value of the property, current mortgage, and available equity capital. A sustainable finance model is an essential part of your planning. After all, you want to be able to enjoy your new rooftop kitchen or solar installation for years to come, without worrying about financial difficulties.
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