When is a refurbishment worthwhile?

You want to sell at the ideal price? With a refurbishment, you get the best out of your property and increase the price, sometimes significantly. But in which cases is refurbishment worthwhile and what increase in value can you expect? We reveal it to you in our video with exclusive insights into the renovation of a luxurious old building apartment in Hamburg-Uhlenhorst.

Each property is unique

Real estate is individual and so is the decision as to whether a refurbishment will achieve the desired success. The choice depends on various factors, among which, in particular, the current condition. If the electrical system is outdated, the heating is defective or mold appears in the basement, it is high time for renovation. In case of minor defects, you can upgrade your property with cosmetic repairs.

Consider target group

What is the location of your property and who is your target audience? This question is particularly important because you have to meet different wishes and requirements depending on the buyer clientele. The higher the standards of the target group, the more upscale and cost-intensive the refurbishment should be.

Cost calculation

Plan for the renovation of a property in the medium price segment about 500 euros and in the luxury segment about 1,000 euros per square meter. It’s worth it – depending on the location, a maximization of 1,000 euros up to 12,000 euros per square meter is possible. Consult with real estate experts and calculate the potential increase. You will be amazed at what is possible.

In any case, find out about subsidies. The Kreditanstalt für Wiederaufbau (KfW) has attractive subsidies available that can bring you much closer to a profitable sale.

Compare offers

Is the rough plan of the redevelopment in place? Compare quotes from different tradesmen and make sure that communication is reputable and reliable. This gives you conclusions about the later work in your property and protects you from unpleasant surprises.

Set the scene for your property

You are still unsure whether a complete or partial renovation is the right thing to do? We at WEISS IMMOBILIEN advise you comprehensively and find the optimal solution with you. Please feel free to contact us.

Related articles

Real estate maintenance

Upgrading and renting: How can I make my property more attractive to tenants?

In times of high construction costs and interest rates, you are exactly right as a landlord, because the demand for real estate for rent is growing. At the same time, it is still worthwhile to make the house or apartment particularly attractive. On the one hand you counteract vacancies, on the other hand you increase the living quality of your tenants and achieve an ideal rent. In this article, we tell you which measures are worthwhile in detail.

Read more  
Real estate maintenance

Important autumn tips for owners

Cold, moisture, snow, ice, storm and frost – a real challenge not only for us humans, but also for the property. When autumn comes, the right precautions must be taken. We have put together a few tips for you so that your house will “look good” next spring and will not have suffered any damage.

Read more  

Our services for you


You would like to



You would like to



You wish

an evaluation...