Forget it: For a “disaster-stricken house,” the renovation costs seem very low to me. It’s more like a simple fix-up. Bright and cheerful—and then in come the tenants 😁 For that amount, you can’t really expect more than a fresh coat of paint, new flooring, a few touch-ups in the bathrooms, and maybe a new coat of paint on the exterior.
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@Dividendenopi That’s the expert speaking. Yeah, that’s probably how it’ll be. We rent out properties based on the rent index and don’t build luxury units. It’s just walls, floors, and interior doors. Here and there, a few apartment doors, and in the bathrooms, the fixtures and floor tiles to spruce things up a bit. There are also a few broken window panes and battered plastic windows.
We’ll send in our crew of Ukrainians. 😉
We’ll send in our crew of Ukrainians. 😉
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•@NichtRelevant I know a few people in Berlin who'll put up some drywall—that'll quickly turn 24 units into 96. Throw in some beds and chairs, and foreign students and experts are lining up for housing in Leipzig, too. You can make a fortune there until someone steps in.
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•@Musikerie We already have that in Leipzig, too 😅. But we try to keep things reasonably clean and stick to the housing protection regulations when it comes to floor plan design and remodeling.
We have another building right around the corner with 19 student shared apartments. We’ve already implemented the concept of furnished rentals there, but we’re staying within the legally permitted limits there as well.
It’s still been quite profitable so far. I’m really looking forward to getting started on the renovations.
We have another building right around the corner with 19 student shared apartments. We’ve already implemented the concept of furnished rentals there, but we’re staying within the legally permitted limits there as well.
It’s still been quite profitable so far. I’m really looking forward to getting started on the renovations.
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