Is it more profitable for you to move or to remodel or renovate your property according to your wishes? We can help you with this question!
Are you considering renovating your existing office and redesigning it according to your wishes instead of moving? Modernization and renovation are a good alternative to moving, but they also involve financial hurdles. We reveal what is important when optimizing your existing space!
What exactly needs to be optimized?
Before you draw up a financial plan, you need to decide exactly what needs to be renovated. A detailed list of your requirements will help you with your calculations.
Here are a few common examples of renovation requests:
- New heating system
- Renewal of sanitary facilities
- Installation of an air conditioning system
- Modernization of the lighting system
- New windows
- New flooring
- Wallpapering
Please note that you should also consider personnel costs in addition to material costs. If you are planning major renovations, you will also need to consider the costs of an architect and the costs of the approval process.
Set your budget
Before you start with the optimization measures, set a realistic budget. This will help you avoid getting into debt. If your ideas exceed your budget, work with priorities and consider the measures that will bring the greatest benefit. New flooring may look stylish, but a new heating system will be more useful and also increase the value of your property. Request non-binding cost estimates for all desired renovation measures so that you can calculate approximate costs.
Take advantage of subsidy programs
Government subsidy programs are a good way to save money. Measures relating to energy efficiency, renewable energies, and climate protection are particularly promoted by the government . So if you are planning a new heating system, insulation work, or other energy-efficient modernization measures, you may be eligible for subsidies, provided that all requirements are met. You can find out what subsidy programs are available and whether you are eligible for them from the Kreditanstalt für Wiederaufbau (KfW) and the Federal Office for Economic Affairs and Export Control.
