Renovating a house – modernization brings old buildings up to date
Even the most beautiful house wears out over time – but those who keep their property in good condition know roughly what construction work will take place after 10, 15 and 20 years and can thus keep an overview of the costs and financing options. Whether new windows, facade insulation, heating system, or maybe just new floor coverings and wall design – modernization poses a major challenge for the homeowner and must therefore be carefully planned in detail. We will give you useful tips on how to renovate, refurbish or completely modernize your house and advise you on what to consider.
Renovating the house – modernization measures after 10, 15 and 20 years
The first renovation measures start after just 5 years – repainting or wallpapering the interior walls, replacing wall coverings, possibly laying new floor coverings, repairing or completely replacing the room doors. Skillful owners can usually master the manual tasks without any problems, so that only the Funded costs for materials Need to become.
After the 10th year, the first extensive renovation work begins – the facade has to be repainted, cracks in the plaster have to be treated. Often the builders also have to struggle with moisture in the basement.
From the 15th year onwards, the old heating system is no longer considered to be energy efficient – the heating system must therefore be modernized by this point at the latest – and possibly retrofitted with a heating controller.
The first roof repairs are due after 20 years and a complete roof renovation is due from the 30th year. At this point, at the earliest, the front door and window must be replaced with new ones and the electrical installation must be thoroughly checked.
Conclusion – over time, the vulnerable repairs become more and more time-consuming and expensive. Even with good care, the heating, electrical installation, windows and doors have a certain lifespan – after this has expired, the builder has to renovate his house. In addition, there are the legally prescribed remedial measures, which must also be planned.
Different variants for financing house modernization measures
Since the house modernization measures are very extensive, it is worthwhile to draw up a renovation plan for the coming years and stick to it. Based on the renovation plan, a budget is then calculated – this lists the costs that the homeowner will have to face in detail. If you want to renovate your house, you have three financing options to choose from.
1. Build up financial reserves for repairs – so that the renovation work can be financed with their own savings, builders have to regularly save certain contributions depending on the age of the house. For buildings up to 5 years old, homeowners need at least 4 euros per square meter annually, for houses over 10 years old – 7 euros per square meter annually, for houses older than 15 years – 8 euros / square meter annually, from 20 years – 10 euros each Square meters annually.
2. Take out a loan – If you have insufficient savings or unexpected repairs come, home builders can apply for a loan. Two types of loans are offered, which finance different measures accordingly. The renovation loan is about minor repair work – repainting or wallpapering the walls, laying new flooring, kitchen design. Modernization loans, on the other hand, have a wide range of benefits – floor plan changes, facade renovation, new windows and doors, heating systems. The banks offer the two loans with earmarking – i.e. the measures carried out must then be documented. The effort is definitely worth it, because thanks to the earmarking, the bank grants low interest rates.
3. Subsidies for house renovation – the state subsidizes environmentally friendly building services and energy-efficient construction measures / new windows, heating, etc./. Whether the homeowner can benefit from the state subsidy programs depends more on the planned renovation work.