Maintaining the value of real estate is how it works

Oliver Attensam, Attensam Group: We look at the house and constantly report if we notice something, it could be small things like a cracked tile or a loose handrail, a window that is leaking. Employees are trained to see and photograph this. The solution is usually not a big science, it’s about nipping the problem in the bud. If we see something small, we have a chance of being tasked with fixing it. If you don’t fix these things, they will become a problem after years Reorganization case. Replacing a roof tile costs nothing, but if you leave it like that for years and moisture gets in, the roof beams become rotten, then you have to renovate everything and that costs hundreds of thousands. Our philosophy: Before something becomes a problem, nip it in the bud. By spending a few hundred euros every year, you can save a few thousand euros in costs at some point.

Max Wohlgemuth: In connection with lamps, LED and Save energy Home care has a significant impact on operating costs. Careful maintenance and the use of energy-efficient lighting can significantly reduce operating costs. In contrast, the situation is different when you enter a home with lights on all day, dripping faucets, and inefficient systems. Such defects not only lead to higher operating costs, but also to an unprofessional impression of the property.

Oliver Attensam: On the subject of energy efficiency: You can Water meter Convert them so that they have sensors, so you can see what’s going on, where a dripping faucet is, before you even pay the bill. On the subject of light: There are extreme temperature differences in the entrance area: temperatures below zero outside, 15 degrees plus inside. This is why normal light bulbs or LEDs often break. But there are special LEDs that can handle voltage peaks. Another topic: climbing plants, as beautiful as they are, work their way into the masonry, then moisture comes and in winter it freezes and the facade begins to crumble.

What happens if you don’t invest in a property for years?

Max Wohlgemuth: One is created Maintenance backlogwhich indicates that no maintenance has been carried out for a long period of time. This leads to a discount in the valuation of the property. We deduct a certain percentage to take into account the actions required to clear the backlog. We pay attention to specific indicators such as unpleasant odors, accumulations of moisture and outdated pipes that need to be modernized.

How well is the value of real estate handled? From property management companies, homeowners, homeowner associations?

Oliver Attensam: Proper property management goes through the house regularly. She works with companies like us who are in the house much more often and report damage. Created once a year Construction expert a protocol, like a Pickles for the house. The upcoming work should be carried out. However, where there is no money, this cannot be done, for example the roof cannot be renovated. In my childhood, Vienna was morbid for me. The facades were gray-black from the coal ovens. In the last 25 to 30 years, the substance of Vienna has improved significantly; there are magnificent houses and alleys and a lot has been done.

What advice can you give private single-family home owners on how to maintain the value of their property?

Oliver Attensam: My tip is: with common sense and walk around the house with your eyes open. The classic is the gutter, which is difficult to clean. There is a grid that can slip, then the gutter becomes clogged or there are even holes in the gutter. Another classic are the windows on the south side; they have to be painted every ten years if they are made of wood. If you don’t do this, the paint will initially become matt, start to crack and then the wood will start to rot. But if you paint the windows every ten years, they will last 100 years. You just can’t look away.

How does decarbonization affect value?

Max Wohlgemuth: The effects are immediately noticeable, especially through falling energy costs for residents and thus the opportunity to achieve a higher share of rent. This is a central issue for funds, as they are only allowed to invest in taxonomy-compliant projects that correspond to the current state of the art. Only such properties are attractive for later sale. This therefore has a direct impact on the value and marketability of a property.

How does the age of a property relate to its value?

Max Wohlgemuth: An attractively renovated old building can be attractive in the sales process, but the tenancy regulations must be taken into account, as these often impose restrictions on renting. In contrast, newer buildings, even if less attractively designed, allow unrestricted rentals at market rates. In the long term, it will therefore become increasingly difficult to manage old buildings profitable Rendite to achieve. For this reason, investing in new apartments often proves to make more economic sense.