How much should I allow for renovation and conversion?
|Parts of the building||Average life expectancy||Cost in % of building insurance value (new)|
Interior finish, structure
Interior finish, surfaces
35 - 50 years
15 - 30 years
|Heating||20 - 30 years||4|
|Kitchen||25 - 35 years||5|
|Windows and exterior doors||30 - 40 years||13|
|Bathroom||35 - 50 years||7|
40 - 50 years
25 - 30 years
|Façade||40 - 55 years||8|
|Electrics||45 - 55 years||3|
|Radiators / underfloor heating||55 - 70 years||3|
|Building shell||Rarely needs renovation||32|
Source: Basler & Hofmann AG
These figures and calculations are based on statistically established values. They are purely indicative. The actual costs may differ significantly. The decisive factor is how much work is actually done.
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