Renovation cost in Germany
The question sounds a bit like "How long is a piece of string". If you buy a totally run down property you have to calculate ca. 600 Euro per sqm to have a turn key renovation of the apartments. Then you have to see what needs to be done to the roof: Is it tile, felt of a mix. The cost vary significantly. If is has been bad for a long period, does the timber need (part) replacing. I could go on through all parts of the building but you still had no answer. So it depends!
On the other side there are subsidies for insulation, new windows and enrgy efficient heating.
When you found something you like there is no way to get around a detailed inspection and costing. This will cost money as well but money spent well if it prevents you from an adventure with almost guaranteed desaster at the end.
Uwe Falkenberg
Local Expert for the German Property Market
Berlin Portfolio Ltd.
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