Increase property value through barrier-free conversion?

As our society ages, barrier-free living space is becoming increasingly important. More and more young prospective buyers are looking into the possibility of barrier-free conversion of a property. This is because they want to continue living in their own four walls in their old age. But can barrier-free conversion really increase the value of a property?

Real estate experts anticipate rising demand in the coming years and improved rentability for barrier-free properties. Investing in the barrier-free conversion of a property can therefore be worthwhile. However, not all measures are sensible or represent an increase in value.

Plan correctly

Barrier-free conversion requires intensive planning. This project should therefore be started early—ideally even before you yourself become dependent on accessibility. This is because the planning and conversion phase is usually lengthy and strenuous.

It is important to define your goals for the conversion at the outset. This will determine which measures are necessary. Experts recommend developing an overall concept for the entire property as well as individual concepts for each room.

Ask a professional

You should definitely seek advice from an expert in barrier-free conversion. There are various housing advice centers that can help you, such as local senior citizens' offices, social services, housing authorities, and welfare organizations. The experts there can tell you exactly which measures really make sense.

A local quality real estate agent can also tell you which renovation measures will affect the value of your property and which ones are beneficial for selling.

Get support for the conversion with subsidies

You should always keep an eye on the costs of barrier-free conversion. You can also take advantage of government subsidies. For example, the Kreditanstalt für Wiederaufbau (KfW) offers a loan and a grant. Long - term care insurance funds also support barrier-free conversion. It is important that you apply for subsidies before starting the conversion work.

In addition, renovations to make your home suitable for disabled and elderly people can be deducted from your taxes as "extraordinary expenses." You should consult a tax professional for advice on this.

Would you like to know whether barrier-free conversion is financially worthwhile and increases your chances of selling your property more quickly? Contact us. We will be happy to advise you.

Note

For reasons of better readability, the generic masculine form is used in this text. Female and other gender identities are expressly included insofar as 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 case.

Photo: © Kzenon/Depositphotos.com

Renovation is often expensive, but can be worthwhile when selling the property due to a higher purchase price. It depends on the individual case and should be assessed in advance by a professional.

What is better: renovation or sale for DIY enthusiasts?

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We may already have the right property for you in our real estate database. We value personal contact and take time for you and your wishes to ensure a stress-free transaction. Contact us! We will be happy to advise you.

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Increase property value through barrier-free conversion?

Plan correctly

Ask a professional

Get support for the conversion with subsidies

Are you looking for a new home? Get in touch with us!

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