The purchase price is 500000 € and the redevelopment costs 370000 € in addition? Or is the renovation share always approx. 74%? Regardless of how much redevelopment would really be pending?
@bardar No, the renovation costs in the example are approx. 74% of the purchase price. This is a current example with us. The refurbishment costs are always calculated but usually you come out at 70-75% for previously non-residential real estate 👍
@DonkeyInvestor the developer buys the land + immo. e.g. ne old villa or an old city hall etc.. Then that is gutted and from it, for example, 12 apartments are made an apartment then costs e.g. 500k of which are 130k old building + land, etc.. And 370k renovation share and the renovation share can be written off in 12 years.
@DonkeyInvestor the apartment belongs to you + your percentage share of the special property. Practically like when you buy a new apartment, but just a listed apartment that you can write off.
