Expert warns: There are hidden costs lurking in older houses with poor energy performance

Expert warns: There are hidden costs lurking in older houses with poor energy performance

According to a report by www.bild.de,

Older homes with poor energy performance are currently in less demand, giving potential buyers the opportunity to negotiate big discounts. However, possible renovation costs and construction defects must be taken into account, which are hardly noticeable at first glance. Buyers should pay close attention, especially when it comes to existing properties, to avoid falling into unexpected cost traps.

As an expert in the real estate market, it is important to analyze these developments. The current trend that older houses with poor energy performance are less in demand could lead to the value of such properties falling. Potential buyers have the opportunity to achieve large discounts through clever negotiation, which in turn could have an impact on the average sales price of existing properties.

On the other hand, however, the potential renovation costs and construction defects must be taken into account. These can lead to significant financial burdens and turn the supposed bargain into a nightmare for your wallet. This could result in fewer buyers being willing to invest in existing properties, which in turn could affect the demand and value of such properties.

It is important that potential buyers carry out thorough due diligence and find out about possible renovation costs and construction defects in order to avoid unpleasant surprises. As an expert in the real estate market, I recommend consulting experts in order to make an informed decision and to be able to realistically assess the long-term value of an existing property.