Buyers no longer just look at the location, size and furnishings of a house or apartment. The decisive factor for the sales price is energy efficiency. A poor energy balance can significantly reduce the price. What can real estate sellers do about this?
With rising energy costs and growing environmental awareness among buyers, energy efficiency is becoming increasingly important. Potential buyers are looking very closely at the energy performance certificate. If the value is poor (class E, F or G), they fear high ancillary costs, high refurbishment costs and further necessary investments due to additional, stricter legal requirements.
The result? Properties with a poor energy balance are more difficult to find a buyer for, and if they do, then only at a significantly lower selling price. Studies show that the selling price of such a property can be 10 to 20 % lower than that of comparable, energy-efficient properties. Houses with older heating systems, uninsulated roofs or single-glazed windows are particularly affected.
How can real estate value be increased?
The good news: with targeted measures, you can improve the energy efficiency of your property and significantly increase the selling price. First of all, have an energy consultant draw up an individual renovation concept for you. Many of these consultations are subsidized by the state.
You should also seek advice from a real estate expert. They will tell you how which measures will affect the value of the property. After refurbishment measures have been carried out, you should definitely have a new energy performance certificate drawn up to document the improved values.
Is refurbishment before sale worthwhile?
Whether a refurbishment is financially worthwhile before the sale depends on several factors. These include the type and scope of the measures, the current property value and the regional demand for energy-efficient properties. In many cases, smaller measures such as replacing windows or modernizing the heating system are already amortized by the higher sales price. A cost-benefit analysis is advisable for comprehensive renovations. An experienced real estate agent can help you make the right decision here.
Conclusion
Poor energy efficiency can significantly reduce the selling price of your property. However, targeted measures can significantly increase not only the energy value but also the market value.
Would you like to know how you can increase the value of your property? We will be happy to advise you personally and show you which measures are worthwhile in your specific case. Contact us without obligation for an individual assessment.
Note
The generic masculine is used in this text to improve readability. Female and other gender identities are explicitly included where this is necessary for the statement.
Legal notice: This article does not constitute tax or legal advice in individual cases. Please consult a lawyer and/or tax advisor to clarify the facts of your specific individual case.
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