The question often arises in the case of ageing properties: is refurbishment worthwhile - or is demolition and subsequent new construction more economical? The right decision depends on many factors, including the condition of the building, the utilization concept and the legal framework.
Have the substance checked
A professional building analysis by a building expert provides the most important basis. Is the load-bearing structure intact? How high is the renovation backlog? Are there pollutants such as asbestos in the building? Such questions are decisive for the economic efficiency of a renovation.
Advantages of refurbishment
Refurbishments preserve the architectural character, save resources and are often eligible for funding - for example through KfW programs for energy-efficient modernization. They can usually be completed more quickly than new builds and do not usually require new planning applications as long as no changes are made to the floor plan.
When demolition makes sense
A new building is worthwhile if the basic structure is badly damaged or cannot be upgraded in an energy-efficient way. Even if the property can be put to better use (e.g. with a larger building or a different layout), demolition is a real option. Important: The demolition costs should be calculated in the same way as the redevelopment costs.
Conclusion
Whether to renovate or demolish - the decision requires careful analysis. Owners should evaluate technical, economic and legal aspects together with experts in order to find the best solution for their property.
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