Many who buy a house or flat underestimate the maintenance costs. The earlier you analyse and plan for future renovation needs, the more securely you protect your home. Maintenance costs depend directly on the remaining life of the individual components, electrical installations, appliances and wiring. Kitchen appliances or fitted carpets need to be replaced the quickest, while the shell lasts the longest.
Using the parity life table, you can estimate what should last how long, when you need to renovate or refurbish what, and approximately how much it will cost you. It makes sense to set aside 1 to 1.5 percent of the building's new value every year - from day one.
With our free HouzyCheck renovation calculator, you can analyse your individual renovation needs with just a few clicks, estimate the costs and thus build up sufficient reserves. The intuitive programme guides you safely through the simple process, creates an interactive lifespan table tailored to your home based on your input and derives the approximate renovation costs from this. If you own a condominium, Houzy calculates the costs for your flat as well as your share of the costs of the condominium owners' association and analyses the renewal fund. This allows you to estimate what you will be facing in the next few years and plan the financial requirements at an early stage. In addition, the smart renovation planner shows you which building components you should tackle together in order to renovate as cost-effectively as possible. This pays off twice for you: With the right strategy, you can reduce renovation costs and at the same time maintain or increase the value of your house or flat in the long term.