What are structural defects in buildings
When is a replacement building worthwhile?
It should be anticipated that there is no single clear answer to this question. Rather, it is crucial to deal with the topic in a targeted manner and to consider all relevant factors. Considerations such as the question of costs, financing and the use of the property are certainly paramount. But other questions are also important: For example, does the old building have an emotional value that you want to preserve? Is cantonal funding for the redevelopment conceivable? What is the fabric of the building like? Is a new building even legally allowed? Only once all these factors have been analyzed can the advantages and disadvantages of renovation or new construction be properly assessed.
Renovation: cheap, quick and easy
Refurbishment can be a lot cheaper than replacing a new building. Especially if the quality of the building structure is still intact, the masonry is stable and the old building has not been gutted, then renovation can be carried out quickly and easily at low cost. In addition, renovation can also be carried out step by step and may even allow the residents to live in the property even during the construction work. The renovation preserves the infrastructure of the building, its possible emotional value and can still increase its energy efficiency. Finally, depending on the canton, there is the possibility of financial support for a renovation.
The disadvantage of the renovation is certainly that rooms can only very rarely be enlarged during the renovation. The floor plan remains true to its origin. If windows and seals as well as the entire electrical system have to be replaced, such a conversion can still entail high costs or even become almost more expensive than a new building.
New construction: increase value and save energy
In general, you can change or enlarge the living space with a new building and thus adapt it to today's interests and preferences. With a new building, you are simply much more free to restructure the property. Not only can rooms be enlarged or floors raised. More living space is created, which also meets modern standards for noise protection, energy efficiency, fire protection and earthquake protection.
Although this clearly entails high costs, these can often be amortized more quickly due to the higher income that the new property promises. A new building can significantly increase the added value of the building, save energy and respond better to market demand, which ultimately generates more income.
Finally, it should be said how important it is to get advice from experts and specialist staff. Whether a new building is legally permitted at all, how high the rental income of a renovated apartment will be, how expensive the full renovation or the new building will be, are questions on which you should seek advice from experts. Only as soon as you have created more clarity here can you calmly decide on the variant that is more attractive in your specific situation.
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